The 2011 A.T. Kearney Global Retail Development Index, which ranks the top 30 developing countries according to their attractiveness to retailers, found South America on the rise. Brazil, Uruguay, and Chile jumped to the top three spots, up from fifth, eighth, and sixth, respectively. Peru came in eighth from the middle of the pack. In 2010, China took first place, with Kuwait in second.
The Index noted continental population growth of 11%, retail space expanded by 225%, retail sales per capita increased almost 100%, and Internet access grew more than 400%. Developing countries now represent 42% of global retail sales.
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