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According to the 2015 Index of Economic Freedom (of the Heritage Foundation, Fraser Institute and WSJ), Chile's economy is the 7th freest. [31] Chile is ranked 1st out of 29 countries in the Americas and has been a regional leader for over a decade. Chile's annual GDP growth was 3.2% in 2008 and had averaged 4.8% from 2004 to 2008. [22]
The economy of Chile operates as a market economy and is classified as a high-income economy by the World Bank. [27] It is recognized as one of the most prosperous countries in South America , [ 28 ] leading the region in areas such as competitiveness , income per capita , globalization , economic freedom , and low levels of perceived ...
The image shows cattle in the Chilean countryside including a square for cattle slaughter. In the 17th century economy of the Viceroyalty of Peru, Chile's husbandry and agriculture based economy had a peripheral role, contrasting to ore-rich districts like Potosí and the wealthy city of Lima. Husbandry products made up the bulk of Chilean ...
The outcomes of these policies were praised by then Milton Friedman as the Miracle of Chile. Chile suffered 1997 Asian financial crisis. Central Bank of Chile. Due to global The World Bank predicts a slowdown in GDP growth from to 3% in 2021, [4] Current President and billionaire Sebastián Piñera (2015-) Chile Vamos party a series of 2010-2012
Chile, [a] officially the Republic of Chile, [b] is a country in western South America.It is the southernmost country in the world and the closest to Antarctica, stretching along a narrow strip of land between the Andes Mountains and the Pacific Ocean.
The Latin American economy is an export-based economy consisting of individual countries in the geographical regions of North America, Central America, South America, and the Caribbean. The socioeconomic patterns of what is now called Latin America were set in the colonial era when the region was controlled by the Spanish and Portuguese empires ...
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Following a series of economic reforms implemented from the mid-1970s onward Chile's economy bounced back and boomed. The boom ended in the economic crisis of 1982 . The Latin American debt crisis had a devastating impact on every Latin American country, but Chile was hit hardest with a GDP decline by 14%, while Latin American GDP diminished by ...