Chile

South America

Chile

Chile is a thin strip of land in South America bordered on the west by the South Pacific Ocean and in the east by the Andes Mountains. More than 80-percent of the terrain in Chile is mountainous. Argentina borders Chile on the west and Peru and Bolivia both have borders in north Chile. Chilean territory includes the Pacific islands of Juan Fernández, Salas y Gómez, Desventuradas, and Easter Island in Oceania. Chile also claims about 1,250,000 square kilometres (480,000 sq mi) of Antarctica, although all claims are suspended under the Antarctic Treaty. Prior to Spain controlling the country in the 16th century, the northern part of the country was ruled by the Incas. Approximately 40 percent of the population lives in the region close to the capital of Santiago. Its official language is Spanish but the government made English mandatory in schools starting the 5th grade. Chile has been one of Latin America’s fastest-growing economies in recent decades thanks to a solid macroeconomic framework, which enabled the country to reduce the population living in poverty (on US$ 5.5 per day) from 30 percent in 2000 to 6.4 percent in 2017. The official currency of Chile is the Chilean peso (CLP).Following sluggish growth in 2017 (1.3 percent), the economy rebounded in 2018, growing at a rate of 4 percent. This improvement reflected more private-sector confidence, lower interest rates and higher copper prices, which revitalized mining production. Non-mining activities, particularly wholesale trade, commercial services and manufacturing also progressed. The current account deficit increased from 2.2 percent of GDP in 2017 to 3.1 percent in 2018 thanks to growing capital goods imports and net foreign assets. This deficit was mainly financed by increased foreign investment, which enabled international reserves to remain stable. The modern sovereign state of Chile is among South America's most economically and socially stable and prosperous nations, with a high-income economy and high living standards. It leads Latin American nations in rankings of human development, competitiveness, income per capita, globalization, state of peace, economic freedom, and low perception of corruption. It also ranks high regionally in sustainability of the state, and democratic development. Chile is a member of the Organisation for Economic Co-operation and Development (OECD), joining in 2010. Currently it also has the lowest homicide rate in the Americas after Canada. Chile is a founding member of the United Nations, the Union of South American Nations (UNASUR), the Community of Latin American and Caribbean States (CELAC) and the Pacific Alliance.

Access to teleco-Broadband

Mobile

Download: 18.47 Mbps

Upload: 11.58 Mbps

Rank: 101

Fixed broadband

Download: 103.56 mbps

Upload: 46.61 mbps

Rank: 29

Chile's Startup Visa

Entrepreneur - All Business Sectors
Free - Chile

Chile’s start-up visa, introduced in 2010, is a new type of visa fostering entrepreneurial talent to create startups in the country. The visa aims to bolster Chile’s position as the center of entrepreneurial innovation in Latin America. The selected...

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