Nearshoring in Latin America

Advantages of Nearshoring

Nearshoring as a development tool allows an increase in gross domestic product (GDP) of between 11% and 14% for countries that opt for this model; it also increases productivity, attracts foreign investment, encourages the inclusion of female labor and the hiring of more personnel, and finally, enables higher wage payments, according to the Inter-American Development Bank (IDB) data presented at the Summit of the Americas, 2022

Therefore, Latin America, as a region, must take advantage of its position and promote new alliances with the international private sector, given that investment indicators show a positive increase for this region in the near future.

Nearshoring advantages latin america

IDB Finances Relocation of Companies in Latin America

According to the IDB, the offering is not only for U.S. or U.S.-focused companies looking to relocate operations, but for any company that sees benefits in relocating their production and other operations from Asia into Latin America.


Analysis of opportunities in Central America, Colombia, and Mexico


Population Of Central America 2022

graph of central america population

Minimum wage 2021 Central America, Colombia, and Mexico

graph of minimum wage

GDP per capita 2020 Central America, Colombia and Mexico

graph of gdp per capita

Human Development Index (HDI) 2020 Central America, Colombia and Mexico

graph of Central America, Colombia and Mexico human development index

Doing Business

Country Range
Costa Rica 39
Panama 51
Mexico 71
Colombia 83
El Salvador 124
Guatemala 127
Nicaragua 128
Honduras 132

Analysis of Opportunities by Country

nearshoring Costa Rica business opportunity analysis

Costa Rica

nearshoring Colombia business opportunity analysis


nearshoring El Salvador business opportunity analysis

El Salvador

nearshoring Guatemala business opportunity analysis


nearshoring Honduras business opportunity analysis


nearshoring Mexico business opportunity analysis


nearshoring Nicaragua business opportunity analysis


nearshoring Panama business opportunity analysis


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