IMD World Competitiveness Booklet 2023

Competitiveness Country Profiles

Chile Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

Santiago de Chile

757 2022

38

873,314 2022

Exchange rate (per $)

42

44

44

45

19,83 2022 28 300,7 2022 39 29.024 2022 48 2,4 2022 52 11,65 2022 48 7,86 2022 53 9,62 2022 29 -9,01 2022 61 180,5 2021 33 4,81 2021 15

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2023

GDP (PPP) per capita (US$)

• Improve public security by strengthening police work and ensuring the rule of law. • Close the constitutional reform process with a wide societal agreement. • Reach a broad agreement on tax and pension reforms to reduce uncertainty. • Increase productivity through training programs in new technologies and artificial intelligence. • Improve the quality and pertinence of education at all levels.

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 & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

18 15

28

28 30 28

30

38 42 41 41

44 49

47

48

50

53

54

58

58

PEER GROUPS RANKINGS THE AMERICAS (9 countries)

POPULATIONS < 20 MILLION (37 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

24

26

26

27

3

3

3

3

3

28

65