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Rankings of Chile

Ten Major Reasons to Invest in Chile

1. Chile has a great mix of characteristics. Primarily it is a nation with a high regard for public safety, operating a police force well known for its lack of corruption and as such the country boasts the region’s best political and social stability.

2. A place with modern infrastructure in its cities, development projects and upgrades underway in its provinces. Offering a privileged variety of climate, geography and landscape it has many communities to choose from with varying natural beauty. Combined with strong, secure and balanced governance together these characteristics make Chile one of the best places in which to live in Latin America.

3. Food security in the country, for the year 2022 was rated as being 25th overall out of 113 countries according to the Economist

4. The Institute for Economics and Peace (IEP) produces a report each year which measures the state of peace throughout the world. The (GPI) Global Peace Index is the world’s leading measure of global peacefulness and presents the most comprehensive data-driven analysis to-date on such trends including the effects violence has on a country’s economy.

According to their assessment the world is becoming a more dangerous place and as of the 2022 Global Peace Index overview, peacefulness has declined to the lowest level in 15 years. A majority of this downgrade having been fuelled by the post-Covid economic uncertainty as well as the ongoing conflict in the Ukraine.

Not surprisingly, Chile scored well in Latin America 2nd only to Uruguay and worldwide it ranked 55th out of 163 countries. No longer within the top 10 rankings as it had been in 2016 and previous years, however still considered “in the green” and amongst stable countries still considered highly safe.

5. Chile’s open economy, combined with activities related to a growing number of bilateral, regional and multilateral trade agreements, has spurred on a steady increase in foreign trade. Providing more goods and development of new services has made the country more competitive internationally. With a gain in competitiveness it has been able to consolidate its position as an active international partner. According to government data at Invest Chile, the nation has signed trade agreements with more than 64 countries, expanding its reach to potential world-wide consumers.

6. Chile has many trade agreements. There are Free Trade Agreements with Australia, Canada, Central America, China, Colombia, EFTA (Norway, Switzerland, Iceland and Liechtenstein), Malaysia, Mexico, Panama, Peru, South Korea, Vietnam, Hong Kong and Thailand to name a few.

There are Economic Association Agreements with the European Union, Japan & P4 (TPP Countries) as well as Complementation Agreements with Bolivia, Ecuador, MERCOSUR (Argentina, Brazil, Paraguay, and Uruguay). It also has a Partial Scope Agreement with the country of India signed in 2007 and deepened in 2021.

7. Chile is known for its sustained efforts and success in transparency of government. This is reflected through rankings in correlating international indexes. These indicies highlight the low level of corruption in the country and particularly its sound finances; due to government efforts to raise standards in administration of the state. In the Transparency International’s 2021 Corruption Perceptions Index, Chile obtained a score of 67 points, ranking the same as the United States, 2nd in the Latin American/Caribbean grouped countries and 27th overall out of 180 economies measured.

8. Thanks to its aforementioned transparency, political & economic stability, openess to trade and solid growth prospects, Chile retains its first position in Latin America according to the Economist Intelligence Unit Business Environment Ranking forecast for 2022-26.

9. According to the WEF Global Competitiveness Report published in 2019 Chile ranked 33rd out of 141 economies worldwide. This was thanks to stable macroeconomic conditions in the country. It was followed by Mexico at (48th), Uruguay (54th), and Colombia at (57th). Brazil was the most improved economy in the region at (71st) whereas, by comparison Venezuela (133rd,down 6 places) and Haiti (138th) closed out rankings in the region.

10.  Since the 1980s, economic reforms have been consistently maintained. This has contributed to its steady growth and a reduction in poverty rates by over half. An ongoing commitment to democratic and representative government has helped secure the country's status as a stable, democratic nation. It is now an established presidential republic which has increasingly assumed both regional and international leadership roles.