Chile
Alex Dilabio
Overall Score 78.5 World Rank 7
Chile Quick Facts/United States
- Population 17.6 million/316.4 million
- GDP 334.8 billion/16.8 trillion
- GDP Growth 4.2%/1.9%
- GDP Growth Capita $19,067/$53,101
- Unemployment 5.9%/7.5%
- Inflation 1.8%/1.5%
- Foreign Direct Investment $20.3 billion/187.5 billion
Legal System
Competitve Markets
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.
Limits on Government Regulation
An Efficient Capital Market
Chile has a four percent tariff rate. The country is very open to foreign investment. Credit issued on market terms. A well-capitalized and dynamic banking sector provides a wide range of services. Most imports enter duty-free.
Monetary Stability
Inflation is only one point eight percent. Public debt is low. Budget deficits are kept under control. There are large gains in the investment climate. Powerhouse in imports and exports.
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.