Chile Info

INFORMATION ABOUT CHILE – Location and main characteristics Dawn from the frozen Antarctica, crossing the Drake Sea, crossing the wind of Cape Horn, Chile extends 7. 000 kilometers to the north from Tierra del Fuego Island, the Strait of Magellan, Punta Arenas, Patagonia, having the Andes as a natural border with Argentina, and through fjords that cover more than 6000 islands, you reach the southern Lake District, then the central forestry, and agricultural regions, giving rise later to the northern mining plateau and vast Atacama Desert. Then, Arica and Parinacota, and the borders with Peru and Bolivia. In front of our coast, we embrace a massive oceanic projection of more than 200 miles, including our Pacific Islands, Easter Island, Juan Fernandez, among others, being these the best known. An internationally integrated country, Chile has 26 trade agreements with 64 markets, expanding its domestic market from 19.5 million inhabitants to more than 4.3 billion potential consumers worldwide (representing 86.3% of global GDP). More than 95% of our foreign trade is carried out by sea, through 10 state ports, ports in favorable conditions and more than 15 private ports, highlighting our natural maritime function. A competitive country In the Global Competitiveness Index 2019 published by the World Economic Forum, Chile ranks 33rd out of 141 economies, for the first time in Latin America. An attractive business climate According to the World Bank’s Doing Business 2020 report, Chile is one of the Latin American countries with the best facilities for doing business. It ranked 55th out of 190 economies. A globally connected country Chile has first class roads and telecommunications services, with high technology penetration and excellent connectivity. In the Network Readiness Index 2019 published by the World Economic Forum (WEF), it ranked 38th out of 139 economies, for the first time in Latin America. A country with talent Chile stands out not only for its top-level professionals, but also as the home of the two universities that, according to the latest Academic Ranking of World Universities (ARWU), are among the top ten in Latin America. It also ranks 33rd out of 119 economies in the 2019 Talent Global Competitiveness Index reported by the Adecco Group, INSEAD and Tata Communications. – Constitution and Population Constitutional Republic. Population: 19,458,310 (ESTIMATED) Currency and language $ Chilean (CLP), Spanish – Civil law legal system, the Romanesque tradition, mainly based on the French one. Memberships and Economic Agreements Chile is a founding member of the United Nations, and belongs to the main organizations, such as the Organization of American States, the Asia-Pacific Economic Cooperation Forum, the Organization for Economic Cooperation and Development, the International Monetary Fund, the World Bank and the World Trade Organization. Chile’s open market economy focuses mainly on its natural resources – mining, agriculture and fisheries – and on trade with the world. Compared to the rest of Latin America, Chile ranks favorably in human and income development. Translated with www.DeepL.com/Translator (free version)