Overall Score 78.5 World Rank 7
Chile is the world's leader of producing copper. Chile participates in the Trans-Pacific Partnership. It has the highest degree in economic freedom in South America and Central America region. Chile is the first to join the Organization for Economic Co-operation and Development. The country is renewing commitment to trade and investment.
Low Tax Rates
The top individual income tax rate remains forty percent, and the top corporate tax rate is 20 percent. The total tax burden is equivalent to 18.8 percent of domestic income. Government expenditures equal 23.6 percent of total domestic output. Public debt amounts to less than 15 percent of gross domestic product. There are property taxes.