IMD World Competitiveness Booklet 2021

COMPETITIVENESS TRENDS - OVERALL CHILE

OVERALL PERFORMANCE (64 countries)

BASIC FACTS Capital Land area (square km '000)

Rank Santiago de Chile

2017 2018 2019 2020 2021

757 2020

792.727 2020 19.46 2020 252.9 2020 23,367 2020

Exchange Rate (per $)

35

35

38

42

44

30

Population - market size (millions)

CHALLENGES IN 2021 Balance short-term response to the pandemic and long-term policies to boost recovery and competitiveness. • Balance short-term response to the pandemic and long-term policies to boost recovery and competitiveness. • Adopt digital technologies to increase productivity and convenience in public and private sectors. • Pension system reform that ensures better pensions, increased savings and investment, based on individual and collective effort with a wide societal agreement. • Implement a Tax Reform that increase tax revenue, improve public goods and foster competitiveness. • Increase R&D/innovation by promoting joint projects between universities, private and public sectors. Pro ide by: Universidad de Chile, Facultad de Economia y Negocios (FEN) Universidad de Chile, Facultad de Economia y Negocios (FEN)

40

Gross Domestic Product (GDP) (US$ billions)

48

GDP (PPP) per capita (US$)

-5.8 2020 3.04 2020 10.42 2020 8.81 2020 1.33 2020 267.8 2019 4.46 2019

41

Real GDP growth (%)

50

Consumer price inflation (%)

54

Unemployment rate (%)

33

Labor force (millions)

33

Current account balance (% of GDP)

22

Direct investment stocks inward ($bn)

10

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

15

15

21

21

23

26

32

32 32

41

43

45

46

48

49

51 52

51

53

61

PEER GROUPS RANKINGS THE AMERICAS (9 countries)

POPULATIONS < 20 MILLION (35 countries)

2017 2018 2019 2020 2021

2017 2018 2019 2020 2021

22

22

3

3

3

3

3

24

26

27

60

IMD WORLD COMPETITIVENESS BOOKLET 2021