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the forecast
Bombardier Business Aircraft
|
Market Forecast 2011-2030
34
Latin America
Business Jet Penetration Forecast - Latin America
Fleet per capita vs. GDP per capita, 1960-2030
Sources: Ascend, IMF, IHS Global Insight, UN Population Project, Bombardier forecast. Includes very light jets.
GDP per Capita (USD, Log Scale)
Fleet per 100 Million Population (Log Scale)
1
10
100
1,000
100
1,000
10,000
100,000
1960
2010
Actual
Forecast
2030
Latin America is a diverse region, and, for the
purposes of the forecast, includes all countries
between the Rio Grande and the Cape Horn.
During 2010, most countries in the region
experienced strong to very strong growth.
Average economic growth for the region
during 2010 was 5.8%.
The largest economy of Latin America,
Brazil, grew by 7.7% last year. The country’s
productivity is increasing rapidly after many
years of economic and political stability.
Brazilians are moving forward with confidence,
preparing for the 2014 World Cup and the
2016 Olympics. In the September 2010
Pew Global Attitudes Survey, 62% of
Brazilians said their nation’s economy is in
good shape. Of the 21 other publics included
in the survey, only the Chinese are more
upbeat about their country’s overall directions
and economic conditions.