In a world of constant change, Chile is a beacon of economic and institutional stability:

• Chile is at the forefront of Latin America and ranks alongside the most advanced economies in the world.
• The economy has one of the world’s most business-friendly environments and has attracted a large number of well-known multinational and foreign investors with its open and competitive economy.
• The economic framework includes an independent Central Bank, whose monetary policy is carried out based on an inflation-targeting regime, coupled with a free-floating exchange rate
• A solid banking system, based on a sound regulatory framework, also helps to reduce domestic economic volatility.
• Chile is one of the most open and integrated economies in the world, with trade agreements with more than 50 economies.
• Chile has also made remarkable progress reducing poverty: since 1990 it has slashed its poverty rate to 13% from over 40% in the early 90s. 
• Reflecting these institutional strengths, Chile became the first South American country to become a member of the OECD.

(1) Source: World Economic Outlook Database, April 2022.

(2) HDI is a comparative measure of life expectancy, literacy, education and standards of living for countries worldwide. It is used to distinguish whether the country is a developed, a developing or an under-developed country, and also to measure the impact of economic policies on quality of life.