Chile Country profile

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January 2019

Chile has the highest income per capita in Latin America and outperforms most of the region on growth, creditworthiness and business climate. It relies heavily on copper and is one of the most stable and prosperous economies across the region. It is the first South American country to be admitted to the OECD (the only other Latin American member is Mexico).

Figure
This chart is a cobweb diagram showing how a country measures up on four important dimensions of economic performance—per capita income, annual GDP growth, business climate and creditworthiness. Per capita income is in current US dollars between 2018 and 2023 as provided by the IMF. Annual GDP growth is the average between 2018 and 2023. Business climate is measured by the World Bank’s Ease of Doing Business ranking of 190 countries. Creditworthiness attempts to measure a country's ability to honour its external debt obligations and is measured by the average sovereign credit risk rating from the three major ratings agencies. The chart shows not only how a country performs on the four dimensions, but how it measures up against other comparable countries.