IMD World Competitiveness Booklet 2022
Competitiveness Country Profiles
Chile Competitiveness Trends – Overall
OVERALL PERFORMANCE (63 countries)
BASIC FACTS
Rank
2018
2019
2020
2021
2022
Capital Land area (square km '000)
Santiago de Chile
757 2021
758.955 2021
35
Exchange Rate (per $)
38
42
44
45
19.68 2021 28 317.1 2021 37 26,768 2021 47 11.7 2021 03 4.52 2021 48 8.85 2021 53 9.11 2021 30 -6.40 2021 59 272.3 2020 22 3.37 2020 14
Population - market size (millions)
Gross Domestic Product (GDP) (US$ billions)
CHALLENGES IN 2022
GDP (PPP) per capita (US$)
• Ensure Fiscal and Monetary Policies to reduce inflation to target range. • Reduce institutional uncertainty, improve public security and ensure the rule of law. • Pension system reform that ensures better pensions based on individual and collective effort with a wide societal agreement. • Implement a Tax Reform that increase tax revenue, improve public goods and foster competitiveness. • Increase R&D and Innovation by promoting joint projects between universities and private and public sectors.
Real GDP growth (%)
Consumer price inflation (%)
Unemployment rate (%)
Labor force (millions)
Current account balance (% of GDP)
Direct investment stocks inward ($bn)
Direct investment flows inward (% of GDP)
PROVIDED BY: Universidad de Chile, Facultad de Economia y Negocios (FEN)
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
19 22 22
24
28 23
31
35 36
42 47 38
41
42
48
53
53 50
57
60
PEER GROUPS RANKINGS THE AMERICAS (9 countries)
POPULATIONS < 20 MILLION (36 countries)
2018
2019
2020
2021
2022
2018
2019
2020
2021
2022
22
3
3
3
3
3
24
26
27
28
61
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