In a world of constant change, Chile is a beacon of economic and institutional stability:
- Chile is at the forefront of Latin America and ranks alongside the most advanced economies in the world.
- The economy has one of the world’s most business-friendly environments and has attracted a large number of well-known multinational and foreign investors with its open and competitive economy.
- The economic framework includes an independent Central Bank, whose monetary policy is carried out based on an inflation-targeting regime, coupled with a free-floating exchange rate
- A solid banking system, based on a sound regulatory framework, also helps to reduce domestic economic volatility.
- Chile is one of the most open and integrated economies in the world, with trade agreements with more than 50 economies.
- Chile has also made remarkable progress reducing poverty: since 1990 it has slashed its poverty rate to 13% from over 40% in the early 90s.
- Reflecting these institutional strengths, Chile became the first South American country to become a member of the OECD.
Information about Chile
|Total population||18,751,405 (2018 est.)|
|Capital||Santiago de Chile|
|Population, Capital||7,564,857 (2018 est.)|
|Form of government||Representative democracy|
|GDP 2018 est. (nominal)(1)
• Total (in millions)
• Per capita GDP
• Per capita GDP (based PPP)
|Human Development Index (HDI) (2)||0.847 (Very High)|
|Currency||Chilean peso ($, CLP)|
|Country long distance telephone code||56|
|ISO Code||152 / CHL / CL|
(1) Source: World Economic Outlook Database, April 2019.
(2) HDI is a comparative measure of life expectancy, literacy, education and standards of living for countries worldwide. It is used to distinguish whether the country is a developed, a developing or an under-developed country, and also to measure the impact of economic policies on quality of life.