What is the GDP of Chile?

Chile's GDP is approximately $330.3 billion USD. The GDP growth rate is 2.6%.

What is the population of Chile?

Chile has a population of approximately 19.8 million people. The population growth rate is 0.5%.

What is the inflation rate in Chile?

The inflation rate in Chile is 4.3%.

What is the unemployment rate in Chile?

The unemployment rate in Chile is 9%.

What is the GDP per capita of Chile?

Chile's GDP per capita is approximately $16,710 USD.

Is Chile a good country to invest in?

Chile has an investment score of 63/100, classified as "Moderate" risk. Key sectors include Mining (Copper/Lithium), Agriculture, Financial Services. Credit rating: A.

How open is Chile's economy to trade?

Chile's trade openness (trade as % of GDP) is 64%. Exports total approximately $111.4B and imports $99.5B.

How much foreign investment does Chile attract?

Foreign direct investment (FDI) in Chile is 3.8% of GDP. This indicates strong foreign investor interest.

What are the main economic sectors in Chile?

Chile's economy is composed of services (56% of GDP), industry (30% of GDP), and agriculture (4% of GDP).

Can I start a business in Chile as a foreigner?

Chile offers various options for foreign entrepreneurs. Visit our business setup guide for Chile for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Chile's economy growing?

Chile's GDP growth rate is 2.6%. The economy is growing at a moderate pace.

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Chile Economy Overview

Name: NationsData World Economic Dataset
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Latin America & CaribbeanHigh IncomeCapital: SantiagoCHL

Moderate

Growing

330.3B USD

GDP (Nominal)

Growing at 2.6%

$16,710

GDP Per Capita

High income level

19.8M

Population

+0.5% annual growth

High

4.3%

Inflation

Moderate

64%of GDP

Trade Openness

Strong

3.8%of GDP

FDI Inflows

Public Debt

High

Unemployment

Surplus

+$11.9B

Trade Balance

Currency & Exchange Rate

Currency

$ Chilean Peso

CLP

Exchange Rate (1 USD)

$940.00

+2.2% YoY(weakened)

5-Year Change

+19.0%

From $790.00

Regime & Controls

free floating

Capital controls: none

GDP

Billion USD, nominal

$330.3B

2024-5.3B

GDP Growth

Annual %

2.6%

2024+2.1%

Inflation

Consumer prices, annual %

4.3%

2024-3.3%

Population

Millions

19.8M

2024+0.1M

Economic Structure

Services56%

Industry30%

Agriculture4%

Infrastructure72/100

Internet Speed

200 Mbps

Mobile: 35 Mbps

Logistics Index

3.2 /5.0

World Bank LPI

Electricity

90%

Reliability score

Connectivity

moderate

82% internet access

Investment Score Breakdown

Economic Health (30%)62

Political Safety (25%)72

Business Climate (20%)68

Financial Strength (15%)65

Growth Potential (10%)58

Key Sectors

Mining (Copper/Lithium)

14% of GDP

growing

Agriculture

3% of GDP

stable

Financial Services

5% of GDP

stable

Should I Invest in Chile?

HoldSetup: ComplexROI: Moderate

Chile scores 63/100 on the NationsData Investment Index, rated "Moderate". Growth is subdued at 2%. Business setup takes approximately 36 days with a corporate tax rate of 27%.

Investment Score63/100

GDP Growth2%

Inflation4.5%

FDI/GDP4.2%

Public Debt38%

Political Stability0.3

Corporate Tax27%

Ease of Business#59

Strengths

+Good political stability and rule of law
+Favorable business climate with reasonable regulation
+Low public debt (38% of GDP) - fiscal headroom
+100% foreign ownership allowed - no local partner required

Risks

-High severance costs (4.3 weeks/year) - expensive to restructure

Best For

Mining (Copper/Lithium) (growing, score: 92)Digital businesses and SaaS

Also Consider

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Same region, similar income level, faster growth (3.5%)

Barbados

Same region, similar income level

Costa Rica

Same region, similar income level, faster growth (3.8%)

Uruguay

Same region, similar income level

Countries Similar to Chile

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🇵🇦

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