Small Economies – Latin America Award Winners
The FocusEconomics 10th Anniversary Analyst Forecast Awards celebrate a decade of recognizing the world’s most accurate economic forecasters. Below are the top three ranked forecasters for each indicator across the Latin America region, covering 5 countries.
GDP
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Bolivia |
BancTrust & Co.
Juan Martin Sola
|
BMI, a FitchSolutions Company
BMI Research Team
|
Fitch Ratings
Christopher Dychala, Jordy Juvera
|
| Ecuador |
Barclays Capital
Alejandro Arreaza
|
Goldman Sachs
Goldman Sachs Macro Research Team
|
BMI, a FitchSolutions Company
BMI Research Team
|
| Paraguay |
Fitch Ratings
Christopher Dychala, Todd Martinez
|
EIU
André Masuko
|
Itaú Unibanco
Research Team
|
| Peru |
CABI
Paulo de Leon, Paula Achury
|
BTG Pactual
Peru Macro Research Team
|
Pantheon Macroeconomics
Andrés Abadía
|
| Uruguay |
JPMorgan
Lucila Barbeito
|
FrontierView
Research Team
|
Moody’s Analytics
Gustavo Rojas Matute
|
5 countries
Inflation
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Bolivia |
BancTrust & Co.
Juan Martin Sola
|
EIU
Cecilia Godoy
|
EMFI
EMFI Research team
|
| Ecuador |
Rabobank
Mauricio Une
|
EIU
Latam team
|
BancTrust & Co.
Research Team
|
| Paraguay |
BancTrust & Co.
Research Team
|
Fitch Ratings
Christopher Dychala, Todd Martinez
|
Euromonitor International
Economies & Consumers Team
|
| Peru |
Citigroup Global Mkts
Esteban Tamayo
|
BTG Pactual
Peru Macro Research Team
|
Macroconsult
Research Team
|
| Uruguay |
BMI, a FitchSolutions Company
BMI Research Team
|
Capital Economics
Research Team
|
BBVA Research
Adriana Haring, Juan Manias
|
5 countries
Current Account
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Bolivia |
Fitch Ratings
Christopher Dychala, Jordy Juvera
|
EMFI
EMFI Research team
|
Oxford Economics
Debora Reyna
|
| Ecuador |
EMFI
EMFI Research team
|
Barclays Capital
Alejandro Arreaza
|
Euromonitor International
Economies & Consumers Team
|
| Paraguay |
Oxford Economics
Ricardo Gómez Melgar
|
EIU
André Masuko
|
Fitch Ratings
Christopher Dychala, Todd Martinez
|
| Peru |
Macroconsult
Research Team
|
Thorne & Associates
Alfredo Thorne, Sebastian Valverde
|
BBVA Research
BBVA Research
|
| Uruguay |
Euromonitor International
Economies & Consumers Team
|
Fitch Ratings
Christopher Dychala, Richard Francis
|
BBVA Research
Adriana Haring, Juan Manias
|
5 countries
Fiscal Balance
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Bolivia |
BancTrust & Co.
Juan Martin Sola
|
BMI, a FitchSolutions Company
BMI Research Team
|
EIU
Cecilia Godoy
|
| Ecuador |
BMI, a FitchSolutions Company
BMI Research Team
|
EMFI
EMFI Research team
|
Euromonitor International
Economies & Consumers Team
|
| Paraguay |
Oxford Economics
Ricardo Gómez Melgar
|
BancTrust & Co.
Research Team
|
EIU
André Masuko
|
| Peru |
Pezco Economics
Helcio Takeda, Fred Turolla
|
Scotiabank
Peru Research Team
|
MAPFRE Economics
Research Team
|
| Uruguay |
Equipos Consultores
Alejandro Cavallo
|
BBVA Research
Adriana Haring, Juan Manias
|
BMI, a FitchSolutions Company
BMI Research Team
|
5 countries
Exchange Rate
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Bolivia |
Fitch Ratings
Christopher Dychala, Jordy Juvera
|
EIU
Cecilia Godoy
|
Oxford Economics
Debora Reyna
|
| Paraguay |
BancTrust & Co.
Research Team
|
BMI, a FitchSolutions Company
BMI Research Team
|
EIU
André Masuko
|
| Peru |
Standard Chartered
Erwin He
|
Macroconsult
Research Team
|
BMI, a FitchSolutions Company
BMI Research Team
|
| Uruguay |
Fitch Ratings
Christopher Dychala, Richard Francis
|
BMI, a FitchSolutions Company
BMI Research Team
|
Oxford Economics
Ricardo Gómez Melgar
|
4 countries
Interest Rate
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Paraguay |
Itaú Unibanco
Research Team
|
BancTrust & Co.
Research Team
|
BMI, a FitchSolutions Company
BMI Research Team
|
| Peru |
Capital Economics
Research Team
|
BCP-CrediCorp Capital
Jose Nolazco Cama
|
EIU
Latam team
Itaú Unibanco
Research Team
|
| Uruguay |
Itaú Unibanco
Research Team
|
— | — |
3 countries
Unemployment
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Ecuador |
Oxford Economics
Mauricio Monge
|
EMFI
EMFI Research team
|
Econosignal Deloitte
Research Team
|
| Paraguay |
Euromonitor International
Economies & Consumers Team
|
Oxford Economics
Ricardo Gómez Melgar
|
EIU
André Masuko
|
| Peru |
EIU
Latam team
|
Scotiabank
Peru Research Team
|
Rabobank
Mauricio Une
|
| Uruguay |
Capital Economics
Research Team
|
FrontierView
Research Team
|
Oxford Economics
Ricardo Gómez Melgar
|
4 countries
Overall
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Bolivia |
BancTrust & Co.
Juan Martin Sola
|
BMI, a FitchSolutions Company
BMI Research Team
Fitch Ratings
Christopher Dychala, Jordy Juvera
|
EIU
Cecilia Godoy
|
| Ecuador |
Goldman Sachs
Goldman Sachs Macro Research Team
|
Rabobank
Mauricio Une
|
JPMorgan
Lucila Barbeito
|
| Paraguay |
BancTrust & Co.
Research Team
|
Fitch Ratings
Christopher Dychala, Todd Martinez
|
EIU
André Masuko
|
| Peru |
BTG Pactual
Peru Macro Research Team
|
Citigroup Global Mkts
Esteban Tamayo
|
BBVA Research
BBVA Research
|
| Uruguay |
BMI, a FitchSolutions Company
BMI Research Team
|
Fitch Ratings
Christopher Dychala, Richard Francis
|
Capital Economics
Research Team
|
5 countries
Rankings determined by FocusEconomics’ proprietary accuracy methodology. Where two forecasters achieved equal accuracy, both are listed at the same rank.