Information about Chile

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.

Mapa

Information about Chile
Total population 18,751,405 (2018 est.)
Capital Santiago de Chile
Population, Capital 7,564,857 (2018 est.)
Official language Spanish
Form of government Representative democracy
President Sebastian Piñera
GDP 2018 est. (nominal)(1) 
 • Total (in millions)
 • Per capita GDP
 • Per capita GDP (based PPP)

US$ 298,172
US$ 16,078
US$ 25,978
Human Development Index (HDI) (2) 0.847 (Very High)
Currency Chilean peso ($, CLP)
Nationality Chilean
Internet suffix .cl
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.

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