1. MEXICO The Mexican market is significant in terms of its geographic size, population, and potential for growth. Its 31 states and Distrito Federal (Federal District) are home to 112,468,855 people including a workforce of 44.5 million. Mexico factfile:
- Mexico’s 2010 GDP is estimated at $1trn
- This is an estimated growth rate of 4.5 per cent over 2009
- Services generate 64 per cent GDP, followed by industry (31 per cent) and agriculture (four per cent)
2. INDIA India has a population of 17 billion people speaking 18 official languages. However, while English (and Hindi) predominate, it is always wise to identify the local tongue and cultural practices of the region with which you’re trading in order to facilitate easy exchanges with local traders. India factfile:
- India’s GDP in 2010 was Rs.53133.5bn
- This is a growth rate of 9.1 per cent over 2009
- Services account for 10.1 per cent of GDP; industry 7.9 per cent; and agriculture 6.6 per cent
3. COLUMBIA Colombia has a population of 44.7 million and is the third largest in all of Latin America. With a diverse climate and topography that permit the cultivation of a wide variety of crops, Colombia is the hemisphere’s largest agricultural export market after the North American Free Trade Agreement (NAFTA) countries. Columbia factfile:
- Estimated GDP (2010) of $435.4bn
- GDP grew 4.3 per cent from 2009-2010
- Services account for 52.7 per cent of GDP
- Industry generates 38 per cent of GDP. Major industries include textiles, food processing, oil, clothing and footwear, beverages, chemicals, cement, gold, coal, and emeralds.
- Agriculture generates 9.3 per cent of GDP. Major crops include coffee, cut flowers, bananas, rice, tobacco, corn, sugarcane, cocoa beans, oilseed, vegetables, forest products, and shrimp?
4. AUSTRALIA Despite being the world’s smallest continent, Australia is home to an affluent and diverse population of more than 22 million. The standard of living in Australia is comparatively higher than the rest of the world. Australia factfile:
- Estimated GDP (2010) of $1.22trn
- Although the services sector generates 72 per cent of Australia’s GDP, the agricultural and mining sectors (eight per cent of GDP combined) are responsible for 52 per cent of Australia’s exports?
5. UNITED ARAB EMIRATES Made up of Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-haimah, Sharjah and Umm al-Quwain, the United Arab Emirates (UAE) already have the highest income per capita worldwide and along with their geographic positioning have increased both the flow and demand of goods and materials in the country. United Arab Emirates factfile:
- UAE is the 35th largest economy at market exchange rates
- The country has a nominal per capita GDP of $47,407?
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