A Tale Of Two Kings
When the King of Rock and Roll died in August 1977, his estate was valued at...
Read moreLief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.
The dynamic, market-orientated economy in Chile has a strong reputation for foreign trade, financial stability, and sound policy making. This makes Chile a logical choice for investing, working, and living.
Over the past decade and a half the economy of Chile has grown at an average of around 5% each year, slowing a little in recent years to approx. two and a half percent. The county still has a very high bond rating, among the top in all of South America. Chile’s government puts focus on sound economic policy making and standing by its Free Trade Agreements. For these reasons the country is an eager and welcoming place for foreigners and specifically foreigners doing business.
The World Bank lists the Chilean economy among the high-income economies of the world. The country is considered by many to be the most stable nation in South America, besting other large economic nations in the region;Argentina, Brazil, and Colombia.
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Information Type | Notes |
---|---|
GDP (2015 est.) | $422.4 billion |
Real annual growth rate (2015 est.) | 2.1% |
Per capita income | US$23,500 |
Inflation rate | 4.3% |
Natural resources | Timber, seafood, minerals. |
Primary sectors (61.6% of GDP) | Hotels and restaurants, financial intermediation, trade, and transport and communication. |
Secondary sectors (35% of GDP) | Industry; copper, lithium, other minerals, foodstuffs, fish processing, iron and steel, wood and wood products, transport equipment, cement, textiles. |
Tertiary sectors(3.4% of GDP) | Agriculture; grapes, apples, pears, onions, wheat, corn, oats, peaches, garlic, asparagus, beans; beef, poultry, wool; fish; timber |
Exports | US$61.82 billion: copper, fruit, fish products, paper and pulp, chemicals, wine |
Major trade markets | China (26.3%), US (13.2%), Japan (8.5%), South Korea (6.5%), Brazil (4.9%) |
Imports | US$56 billion: petroleum and petroleum products, chemicals, electrical and telecommunications equipment, industrial machinery, vehicles, natural gas |
Major suppliers | China (23.4%), US (18.8%), Brazil (7.8%), Argentina (4%) |
Labor force | 8.68 million |
When the King of Rock and Roll died in August 1977, his estate was valued at...
Read moreHalfway through 2024, it’s a good time to take stock of the dollar’s buying power overseas. And this year, there’s a mixed bag of winners and losers. The following countries offer the best “currency bargains” for 2024 so far, including a few markets that saw the dollar lose buying power this year but are still a good buy by historic standards. (This report analyzes the dollar’s performance in 2023… but to assure it’s current, I’ve extended the window through March 2024.)...
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