Category: mexico

How Affordable is Gas in Latin America?


This post is by Carmen Ang from Visual Capitalist


Comparing how affordable gas is across Latin America

How Affordable is Gas in Latin America?

As gas prices have risen around the world, not each region and country is impacted equally.

Globally, the average price for a liter of gas was $1.44 USD on June 13, 2022.

But the actual price at the pump, and how affordable that price is for residents, varies greatly from country to country. This is especially true in Latin America, a region widely regarded as one of the world’s most unequal regions in terms of its income and resource distribution.

Using monthly data from GlobalPetrolPrices.com as of May 2022, this graphic by Latinometrics compares gas affordability in different countries across Latin America.

Gas Affordability in 19 Different Latin American Countries

To measure gas affordability, Latinometrics took the price of a liter of gas in 19 different Latin American countries and territories, and divided those figures by each country’s average daily income, using salary data from Statista.

Out of the 19 regions included in the dataset, Venezuela has the most affordable gas on the list. In Venezuela, a liter of gas is equivalent to roughly 1.3% of the country’s average daily income.

CountryGas price as of May 2022 (USD)% of average daily income
🇳🇮 Nicaragua$1.3714.0%
🇩🇴​ Dominican Republic$1.4112.6%
🇧🇷​ Brazil$1.4312.5%
🇵🇾​ Paraguay$1.3912.2%
🇵🇪 Peru$1.5310.2%
🇺🇾 Uruguay$1.929.8%
🇸🇻​ El Salvador$1.149.2%
​​🇭🇳​ Honduras$1.338.6%
🇲🇽​ Mexico$1.177.8%
🇬🇹​ Guatemala$1.447.7%
🇦🇷 Argentina$1.066.7%
🇨🇱​ Chile$1.376.6%
🇨🇷 (Read more...)

Charted: The Global Decline of Fertility Rates


This post is by Carmen Ang from Visual Capitalist


Chart showing the change in global fertility rates since 1951

Charted: The Global Decline of Fertility Rates

Over the last 50 years, fertility rates have dropped drastically around the world. In 1952, the average global family had five children—now, they have less than three.

This graphic by Pablo Alvarez uses tracked fertility rates from Our World in Data to show how rates have evolved (and largely fallen) over the past decades.

What’s The Difference Between Fertility Rates and Birth Rates?

Though both measures relate to population growth, a country’s birth rate and fertility rate are noticeably different:

  • Birth Rate: The total number of births in a year per 1,000 individuals.
  • Fertility Rate: The total number of births in a year per 1,000 women of reproductive age in a population.

As such, the fertility rate is a more specific measure, which as Britannica highlights, “allows for more efficient and beneficial planning and resource allocation.” Not including immigration, a given area needs an overall total fertility rate of 2.1 to keep a stable population.

Global Fertility Rates since 1952

For the last half-century, fertility rates have steadily decreased worldwide. Here’s a look at the average number of children per woman since 1952:

YearAverage # of children per family% change (y-o-y)
19515.0-0.5%
19525.0-1.4%
19534.9-0.7%
19544.9-0.5%
19554.9-0.3%
19564.9-0.1%
19574.90.1%
19584.90.3%
19594.90.4%
19605.00.5%
19615.00.5%
19625.00.4%
19635.00.3%
19645.00.1%
19655.0-0.2%
19665.0 (Read more...)

The Yuxi Circle: The World’s Most Densely Populated Area


This post is by Omri Wallach from Visual Capitalist


The Yuxi Circle The World’s Most Densely Populated Area

The Yuxi Circle: The World’s Most Densely Populated Area

If you wanted to capture over 55% of the global population inside a circle with a 4,000km radius, which city would you place at its epicenter?

In 2013, a post appeared on Reddit marking a circular area of the globe with “more people living inside this circle than outside of it.” The circle had a radius of 4,000 km (just under 2,500 miles) and was named the Valeriepieris circle after author Ken Myers’ username.

Acknowledging that the Valeriepieris circle is not actually a circle (it was drawn on a two-dimensional map rather than a globe) and is based on data that has become outdated, mapmaker Alasdair Rae went digging and discovered what he calls The Yuxi Circle, the world’s most densely populated area.

Introducing the Yuxi Circle

Rae traced circles around 1,500 cities worldwide to find out how many people lived within a 4,000 km radius, just like the original Valeriepieris circle. He based his calculations on WorldPop data from 2020, based on a global population of 7.8 billion people.

Of the 1,500 circles that Rae made calculations for, 148 contained populations of 4 billion or more. He found many examples in Asia including in China, Myanmar (Mandalay), Laos (Vientiane), Bangladesh (Chattogram), India (Agartala), Bhutan (Thimpu), and Vietnam (Hanoi) to name a few.

But of them all, Yuxi, a city in the Yunnan province of China, has the largest population living within a 4,000 km radius: 4.32 billion.

(Read more...)

10 Travel Destinations for Post-Pandemic Life


This post is by Marcus Lu from Visual Capitalist


top travel destinations 2022

10 Travel Destinations for Post-Pandemic Life

On March 11, 2020, the World Health Organization formally classified the COVID-19 outbreak as a pandemic. The resulting travel bans decimated the tourism industry, and international air travel initially fell by as much as 98%.

Almost two years later, travel is finally back on the table, though there are many restrictions to consider. Regardless, a survey conducted in September 2021 found that, as things revert to normalcy, 82% of Americans are looking forward to international travel more than anything else.

To give inspiration for your next vacation (whenever that may be), this infographic lists the 10 most visited countries in 2019, as well as three of their top attractions according to Google Maps.

Bon Voyage

Here were the 10 most popular travel destinations in 2019, measured by their number of international arrivals.

CountryNumber of international arrivals in 2019 (millions)
?? France*90.0
?? Spain83.5
?? U.S.79.3
?? China65.7
?? Italy64.5
?? Turkey51.2
?? Mexico45.0
?? Thailand39.8
?? Germany39.6
?? United Kingdom39.4

*Estimate | Source: World Bank

France was the most popular travel destination by a significant margin, and it’s easy to see why. The country is home to many of the world’s most renowned sights, including the Arc de Triomphe and Louvre Museum.

The Arc de Triomphe was built in the early 1800s, and honors those who died in the French Revolutionary and Napoleonic Wars. In 1944, Allied soldiers marched through the monument after Paris was liberated from the Nazis.

The Louvre (Read more...)

Visualizing the Global Silver Supply Chain



The following content is sponsored by Blackrock Silver.

Visualizing the Global Silver Supply Chain

Although silver is widely known as a precious metal, its industrial uses accounted for more than 50% of silver demand in 2020.

From jewelry to electronics, various industries utilize silver’s high conductivity, aesthetic appeal, and other properties in different ways. With the adoption of electric vehicles, 5G networks, and solar panels, the world is embracing more technologies that rely on silver.

But behind all this silver are the companies that mine and refine the precious metal before it reaches other industries.

The above infographic from Blackrock Silver outlines silver’s global supply chain and brings the future of silver supply into the spotlight.

The Top 20 Countries for Silver Mining

Although silver miners operate in many countries across the globe, the majority of silver comes from a few regions.

RankCountry2020 Production (million ounces)% of Total
1Mexico ??178.122.7%
2Peru ??109.714.0%
3China ??108.613.8%
4Chile ??47.46.0%
5Australia ??43.85.6%
6Russia ??42.55.4%
7Poland ??39.45.0%
8United States ??31.74.0%
9Bolivia ??29.93.8%
10Argentina ??22.92.9%
11India ??21.62.8%
12Kazakhstan ??17.32.2%
13Sweden ??13.41.7%
14Canada ??9.31.2%
15Morocco ??8.41.1%
16Indonesia ??8.31.1%
17Uzbekistan ??6.30.8%
18Papua New Guinea ??4.20.5%
19Dominican Republic ??3.80.5%
20Turkey ??3.60.5%
N/ARest of the World ?34.24.4%
N/ATotal784.4100%

Mexico, Peru, and China—the (Read more...)

Addi raises $75M to advance ‘buy now, pay later’ in LatAm, nearly triples valuation



Buy now, pay later is officially everywhere, and Latin America is no exception.

Today, one startup in the region, Addi, is announcing a $75 million extension to its Series B, bringing the total round size to $140 million. In late May, the startup announced it had raised $35 million in an equity round led by Union Square’s Opportunity Fund, and $30 million in debt funding from Architect Capital.

The company, which has dual headquarters in Bogota, Colombia, and São Paulo, Brazil, declined to reveal its new valuation other than to say it is “nearly triple” what it was 90 days ago when it closed on the first tranche of its Series B, and that it is now in the “hundreds of millions” of dollars range.

New York-based Greycroft led the extension, which also included participation from new backers GGV Capital, Citius Capital and Intersection Growth Partners, as well as existing investors Union Square’s Opportunity Fund, Andreessen Horowitz, Endeavor Catalyst, Foundation Capital, Monashees and Quona Capital. 

With the latest financing, Addi has now raised a total of $220 million in debt and equity since its September 2018 inception — $140 million of that in equity and over $80 million in debt.

Addi co-founder and CEO Santiago Suarez, says he, Daniel Vallejo and Elmer Ortega started the company with a vision of making digital commerce a reality in Latin America — a region where an estimated fewer than 25% of people (Read more...)

Flat.mx raises $20M from VCs, proptech unicorn founders to fix Mexico’s ‘broken’ real estate market



Flat.mx, which wants to build a real estate “super app” for Latin America, has closed on a $20 million Series A round of funding.

Anthemis and 500 Startups co-led the investment, which included participation from ALLVP and Expa. Previously, Flat.mx had raised a total $10 million in equity and $25 million in debt. Other backers include Opendoor CEO and CEO and co-founder Eric Wu, Flyhomes’ co-founder and CEO Tushar Garg and Divvy Homes’ co-founder Brian Ma.

Founded in July 2019, Mexico City-based Flat.mx started out with a model similar to that of Opendoor, buying properties, renovating them and then reselling them. That September, the proptech startup had raised one of Mexico’s largest pre-seed rounds to take the Opendoor real estate marketplace model across the Rio Grande.

“The real estate market in Mexico is broken,” said co-founder Bernardo Cordero. “One of the biggest problems is that it takes sellers anywhere from 6 months to 2 years to sell. So we launched the most radical solution we could find to this problem: an instant offer. This product allows homeowners to sell in days instead of months, a fast and convenient experience they can’t find anywhere else.”

Building an instant buyer (ibuyer) in Mexico — and Latin America in general — is a complex endeavor. Unlike in the U.S., Mexico doesn’t have a Multiple Listing Service (MLS). As such, pricing data is not readily available. On top of that, agents are (Read more...)

Kocomo raises millions to give people a way to co-own a luxury vacation home



Who doesn’t want a vacation home?

Right. That’s what I thought.

Kocomo is a Mexico City-based startup that wants to help make that dream a reality. And it’s just closed on a $6 million equity and $50 million debt financing to advance on that goal.

The company aims to allow for cross-border co-ownership of luxury vacation properties that goes beyond the historical use of timeshares. Put simply, the founders of Kocomo — who are a mix of Colombian, British, Mexican, American, Panamanian — want to upend conventional vacation home ownership with a marketplace that gives people a way to purchase, own, and sell fractional interests in luxury homes. Or even more simply, Kocomo’s mission is to make the dream of vacation home ownership “an attainable reality for more people around the world.”

Founded this year, it has been operating in stealth mode since May, recently launching a beta version of its website to engage with a “select” group of clients from its waiting list. 

“We are focused initially on Americans and Canadians wanting to buy a vacation home in Mexico, the Caribbean and Costa Rica and then eventually we will be doing the same in Europe,” said Martin Schrimpff, co-founder and CEO of Kocomo.

AllVP and Vine Ventures co-led the equity portion of the financing, which included participation from Picus Capital, Fontes – QED, FJ Labs, and Clocktower Technology Ventures and JAWS — the family office of SWG Chairman Barry Sternlicht. Architect Capital provided the debt investment.

Interestingly, (Read more...)

With investors like Lightspeed and The Chainsmokers, Mexican neobroker Flink raises $57M to boost financial inclusion in LatAm



Flink, a Mexico City-based neobroker, has raised $57 million in a Series B round of funding led by Lightspeed Venture Partners.

The financing comes just over six months after Flink raised $12 million in a Series A round led by Accel. Existing backers Accel, ALLVP, Clocktower and new investor Mantis Venture Capital (founded by The Chainsmokers) also put money in the Series B. Since its 2017 inception, the startup has raised nearly $70 million.

Neobrokers are defined as startups that are disrupting the investment industry by providing a platform for a wider range of consumers to partake in the stock market by offering them more incremental investment options and modern and easy mobile-based interfaces to manage their money. There is a growing number of them globally, including Scalable Capital, Bitpanda and Trade Republic in Europe.

For Mexico City-born Sergio Jiménez Amozurrutia, the fact that in his country of more than 120 million people, only a tiny fraction of the population has the ability to invest in the capital markets felt unfair. To him, the lack of widespread participation in investing is an example of the rich getting richer as part of an infrastructure “that is built for the wealthy.” The result of the imbalance is that a lot of people have historically been locked out of making potentially wealth-building investments.  

So after selling Easy Credit, a consumer lending platform he’d built with Rick Rafael Bueno (whom he met in 2015 at a hackathon at Tech de Monterrey), Amozurrutia (Read more...)

Why global investors are flocking to back Latin American startups



The Latin America startup ecosystem is having a great year, with mega-rounds being announced at breakneck speed and new unicorns minted almost monthly. This is mostly due to the clearly maturing startup scene in the region, with proven successes such as Nubank, Cornershop, Gympass and Loggi helping to bolster LatAm’s credibility.

Interestingly, many of the region’s rounds are led by or saw participation from investors based elsewhere. Firms such as SoftBank, Tiger Global Management, Tencent, Accel, Ribbit Capital and QED Investors are pouring money into LatAm. Some are even seeing more opportunity than in the U.S. — Latin America, they believe, has historically been ripe for disruption, especially in the fintech and proptech sectors, due to the significant underbanked and unbanked population in the region and the relatively unstructured real estate industry.

Last month, my colleagues Anna Heim and Alex Wilhelm found that structural factors such as strong digital penetration and quick e-commerce growth are among the key reasons Latin America is breaking venture capital records this year. One Mexico-based VC even declared that the story was about “talent, not capital.”

Local VCs are raving about the human capital in the region, but for some global investors, the appeal of Latin America extends beyond the talent to the general populace. Shu Nyatta, a managing partner at SoftBank who co-leads its $5 billion Latin America Fund, pointed out a dynamic that might seem obvious but is rarely articulated: Technology in LatAm is often more about inclusion rather than disruption.

“The (Read more...)