Before building your business expansion strategy, you need to know the economy, business laws, legal framework, and Chile’s working culture. SERVIAP gives you high-level facts to understand the risks and opportunities of doing business in Chile.

The economy of Chile is a market economy and high-income economy as ranked by the World Bank, and is considered one of South America’s most prosperous nations, leading the region in competitiveness, income per capita, globalization, economic freedom, and low perception of corruption.

According to the World Bank, the economic growth in Chile has been one of the fastest in Latin America during the last decades, which allowed to reduce poverty in the country considerably . This scenario has helped the country to stay competitive and stable as an emerging economy.

Furthermore, in Latin America, Chile is also considered as the most competitive country by ranking 33rd (out of 140 economies evaluated). This report highlights its:

• Stable macroeconomic conditions.
• Well-developed infrastructure.
• Product market with less complex tariffs and opportunities in the wholesale trade.

Other advantages of investing in Chile come with political stability and a low unemployment rate.