Chile
Rebalancing
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 2024.
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GDP | USD 301.0bn (World ranking 46, World Bank 2022) |
Population | 19.6mn (World ranking 64, World Bank 2022) |
Form of state | Presidential republic |
Head of state | Gabriel Boric (President) |
Next elections | 2025, General |
- 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
- Statist policies will increase the cost of doing business
- Rising political polarization
- Could benefit from a more inclusive skilled workforce
Trade structure by destination/origin
(% of total, 2022)
Exports | Rank | Imports |
---|---|---|
China
39.4%
|
1 |
25.3%
China
|
United States
13.9%
|
2 |
20.9%
United States
|
Japan
7.6%
|
3 |
9.7%
Brazil
|
South Korea
6.2%
|
4 |
5.8%
Argentina
|
Brazil
4.6%
|
5 |
2.7%
Germany
|
Trade structure by product
(% of total, 2022)
Exports | Rank | Imports |
---|---|---|
Metalliferous ores and metal scrap
27.5%
|
1 |
16.7%
Petroleum, petroleum products and related materials
|
Non-ferrous metals
22.5%
|
2 |
11.3%
Road vehicles
|
Inorganic chemicals
10.9%
|
3 |
4.1%
Other industrial machinery and parts
|
Vegetables and fruits
8.1%
|
4 |
3.8%
Articles of apparel & clothing accessories
|
Fish, crustaceans, molluscs and preparations thereof
8.1%
|
5 |
3.4%
Specialised machinery
|
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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