
Chile
Macroeconomic rebalancing under way but political uncertainty is on the rise
BB2
MEDIUM RISK
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Updated in January 2023.
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GDP | USD 317bn (World ranking 42, World Bank 2021) |
Population | 19.2mn (World ranking 61, World Bank 2021) |
Form of state | Presidential republic |
Head of state | Gabriel Boric (President) |
Next elections | 2025, presidential and legislative |

- Natural resource base: Chile is the largest copper producer in the world, but also benefits from other minerals, forestry and agriculture
- Strong medium-term growth
- Business-friendly environment
- Sound macroeconomic policy framework
- Widely accepted, democratic political system with successive peaceful transfers of power
- Classified as an OECD high-income economy

- Sensitive to commodity prices, particularly copper
- High level of income inequality
- Numerous strikes and political street protests could trigger instability
Trade structure by destination/origin
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
China
38.8%
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1 |
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United States
15.8%
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2 |
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Japan
7.7%
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3 |
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South Korea
5.1%
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4 |
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Brazil
4.8%
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5 |
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Trade structure by product
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
Metalliferous ores and metal scrap
36.4%
|
1 |
11.2%
Road vehicles
|
Non-ferrous metals
25.7%
|
2 |
10.4%
Petroleum, petroleum products and related materials
|
Vegetables and fruits
8.1%
|
3 |
5.6%
Telecommunication and sound recording apparatus
|
Fish, crustaceans, molluscs and preparations thereof
6.6%
|
4 |
4.2%
Electrical machinery, apparatus and appliances, n.e.s.
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Pulp and waste paper
2.9%
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5 |
4.2%
Other industrial machinery and parts
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Collection Complexity
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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