What type of economy does Chile have?

Chile has a mixed economy, which means that it is made up of both private and state-owned corporations. The privately-owned businesses are regulated by limited government policies. The economy of Chile is one of the most secure and productive in South America. It is ranked by the World Bank as a high-income economy.

Is Chile a good country to invest in?

Chile produces more than a third of the world's copper. The mining sector in Chile is one of the pillars of Chilean economy. The Chilean government strongly supports foreign investment in the sector and has modified its mining industry laws and regulations to create a favorable investing environment for foreigners.

How did Chile become a role model for economic reform?

According to the CIA World Factbook, during the early 1990s, Chile's reputation as a role model for economic reform was strengthened when the democratic government of Patricio Aylwin, who took over from the military in 1990, deepened the economic reform initiated by the military government.

Which countries export Chile?

The most common destination for the exports of Chile are China ($36.6B), United States ($15.1B), Japan ($7.25B), South Korea ($4.84B), and Brazil ($4.59B). In 2019, Chile exported $9.42B worth of services.