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.

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.

How does Chile compare to other countries?

See how Chile compares to another country using any of the measures in the Index. Chile’s economic freedom score is 71.1, making its economy the 22nd freest in the 2023 Index. Its score is 3.3 points lower than last year. Chile is ranked 2nd among 32 countries in the Americas region, and its overall score is above the regional and world averages.

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.