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Economy of Chile and business opportunities

Economy of Chile

The economy of Chile is ranked as a high-income economy by the World Bank, and is considered one of South America's most stable and prosperous nations, leading Latin American nations in competitiveness, income per capita, globalization, economic freedom, and low perception of corruption. Although Chile has high economic inequality, as measured by the Gini index, it is close to the regional mean.

In 2006, Chile became the country with the highest nominal GDP per capita in Latin America. In May 2010 Chile became the first South American country to join the OECD. Tax revenues, all together 20.2% of GDP in 2013, were the second lowest among the 34 OECD countries, and the lowest in 2010. Chile has an inequality-adjusted human development index of 0.661, compared to 0.662, 0.680 and 0.542 for neighbouring Uruguay, Argentina and Brazil, respectively. In 2008, only 2.7% of the population lived on less than US $2 a day.

The ease of doing business index, created by the World Bank, listed Chile as 34th in the world as of 2014, 41st for 2015, and 48th as of 2016. The privatized national pension system (AFP) has encouraged domestic investment and contributed to an estimated total domestic savings rate of approximately 21% of GDP.

Sectors

Agriculture

Agriculture and allied sectors like forestry, logging and fishing accounts only for 4.9% of the GDP as of 2007 and employed 13.6% of the country's labour force. Some major agriculture products of Chile includes grapes, apples, pears, onions, wheat, corn, oats, peaches, garlic, asparagus, beans, beef, poultry, wool, fish and timber. Through Chile's trade agreements, its agricultural products have gained access to a market controlling 77% of the world's GDP and by approximately 2012, 74% of Chilean agribusiness exports will be duty-free.

Salmon

Chile is the second largest producer of salmon in the world. The presence of large foreign firms in the salmon industry has brought what probably most contributes to Chile's burgeoning salmon production, technology.

Forestry

The Chilean forestry industry grew to comprise 13% of the country's total exports in 2005, making it one of the largest export sectors for Chile. Radiata Pine and Eucalyptus comprise the vast majority of Chile's forestry exports.

Wine

The popularity of Chilean wine has been attributed not just to the quantity produced but also to increasing levels of quality. The combination of quantity and quality allows Chile to export excellent wines at reasonable prices to the international market.

Mining

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 favourable investing environment for foreigners.

Services

The service sector in Chile has grown fast and consistently in recent decades, reinforced by the rapid development of communication and information technology, access to education and an increase in specialist skills and knowledge among the workforce.

Finance

Chile's financial sector has grown quickly in recent years, with a banking reform law approved in 1997 that broadened the scope of permissible foreign activity for Chilean banks. However, by 2009, it has been reported that $21 billion had been lost from the pension system to the global financial crisis.

Tourism

Tourism in Chile has experienced sustained growth over the last decades. Chile received about 2.25 million foreign visitors in 2006, up to 2.50 million in 2007 The percentages of foreign tourists arrivals by land, air and sea were, respectively, 55.3%, 40.5% and 4.2% for that year.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Chile"

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This section contains economy and business opportunities and from Chile.
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Summary:
The Purpose Of This Tender Is To Hire A Natural Or Legal Person For The Provision And Installation Of Children'S Games In The Central Lane Of Av. Américo Vespucio Oriente, Between Calle Las Hualtatas And Av. Kennedy, In The Commune Of Vitacura. The Works To Be Carried Out Contemplate 4 (Four) Robinia Play Units Or Their Technical Equivalent, Which Will Serve An Area Of ​​372.5 M2 Of Soft Ground Converted Into A New Play Area For This Sector Of Avo. The Defined Object Must Be Executed In Accordance With The Project Plans And Technical Specifications Provided By The Municipality, In Accordance With The Provisions Of These Bae, In The Bt, Technical Annexes, Bag, Modifications And/Or Clarifications (If Applicable), Responses To Consultations, If They Exist, And In The Contract, As Well As In Other Requirements Stated In The Bidding Documents.
Country:
Chile
 
Notice Type:
Tender Notice
Deadline:
17 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
It Is Required To Contract The Collection Service For Up To 40 Health Assessments For High Altitude Occupational Exposure In The Region Of Tarapacá According To The Battery Of Exams Established In The Technical Guide Of The Minsal Regarding Hypobaria Chronic Intermittent For Exposure Sporadic, In Order To Determine Suitability For Sporadic Exposure To High Geographical Height Of Those Officials Who Carry Out Work Sporadic At High Geographical Altitude, Defined As That Between 3,000 And 5.
Country:
Chile
Estimated Cost:
CLP 3596799
Notice Type:
Tender Notice
Deadline:
26 Apr 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
The Services Are Required For The Execution Of The Participatory Public Account Activity.
Country:
Chile
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
It Is Required To Have An Event Production Service For The Execution Of A Municipal Activity Called Tourism Promotion, Harvest Festival 2024, According To Technical Reference Bases.
Country:
Chile
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Clinical Psychologist Professional School Absenteeism Program Commune Of Hualañé - Second Call
Country:
Chile
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Acquisition Of Blades For Motor Grade, According To Attached Technical Specifications
Country:
Chile
Estimated Cost:
CLP 6400000
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
These Administrative Bases Regulate The Tender For The “Replacement Of Hopper Trucks, Commune Of Lota”, Corresponding To The Project To The Replacement Of 2 Units.
Country:
Chile
Estimated Cost:
CLP 172964000
Notice Type:
Tender Notice
Deadline:
14 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
The Illustrious Municipality Of Rancagua, Hereinafter Also The “Municipality” Or The “Municipality”, In Accordance With The Powers Conferred On It By The Constitutional Organic Law No. 18,695 Of Municipalities, And Those Contained In The Law No. 19,886 Of Bases On Contracts Administration Of Supplies And Provision Of Services And Its Regulations, Approved By D.S. N°250, Of 2004, Develops This Administrative Procedure Of A Bankruptcy Nature By Calling On Interested Parties To The Public Tender For The Contracting Of The “Service Of Tank Trucks For Delivery Of Drinking Water In The Rural Sector And Camps” Which Will Be Carried Out In Accordance With These Bases. Administrative And Technical, Response To Queries And/Or Clarifications If Any, Along With The Other Background Information That Comprises It, Which Is Understood To Form An Integral Part Of The Contract Signed Between The Municipality And The Awarded Supplier.
Country:
Chile
Estimated Cost:
CLP 120000000
Notice Type:
Tender Notice
Deadline:
10 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Event Production Recreational Community Activity
Country:
Chile
Estimated Cost:
CLP 10000000
Notice Type:
Tender Notice
Deadline:
26 Apr 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Adq. License And Support For Totem Queue Management, According To Attached Technical Specifications
Country:
Chile
Estimated Cost:
CLP 5000000
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
22 Apr 2024