ECONOMIC INFORMATION

 

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Population: 15.8m

 

Population growth: 1.18%

 

Population density (people per sq. km): 21

UN Human Development Index ranking: 43/177

Gross national income (current US$): $69.2bn (2003)

Gross national income per capita: $4,390

PPP Gross national income: $154.7bn

PPP Gross national income per capita: $9,810

GDP growth: 2.0% (2003)

GDP breakdown Agriculture: 8.8%, Industry: 34.3%, Services: 56.9%

Inflation (12-month average): 4.4 (2003)

Gross capital formation as % of GDP: 22.1%

Final consumption expenditure as % of GDP (growth): 74.7% (3.4%)

Exports of goods & services as % of GDP: 34.5%

Top 3 export markets: US, Japan, UK

Local industries: Copper, other minerals, foodstuffs, fish processing, iron & steel, wood & wood products, transport equipment, cement, textiles

WEF Growth Competitiveness ranking *: 22/104

WEF Business Competitiveness ranking **: 29/103

WEF Quality of the Business Environment ranking: 29/103

Transparency International Corruption Perceptions ranking: 20/145

Languages : Spanish (official)

 

 

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FDI INFORMATION

 

Region: South America

 

No. of projects (Jan-Sep 2004): 109

 

Market-share of projects in the region: 10.8%

Value of projects relative to GDP: 15.1%

Top 3 destination sectors: Metals/mining, food & drink, IT & software

Top 3 business functions: Manufacturing, extraction, sales, marketing & support

Top 3 source countries: US, Spain, Canada

Top 3 investors: BHP Billiton, Nippon Suisan Kaisha, Placer Dome

 

 

IPA

 

Name: Foreign Investment Committee

 

Web address: www.foreigninvestment.cl

* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently

** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth

*** The difficulty of hiring workers and the difficulty and expense of firing workers is reflected as an index where the higher the value the more rigid the regulations