Chile

Last modification: 24 Apr 18
Introduction: 

Sound economic policies, maintained consistently since the 1980s, have contributed to steady growth, reduced poverty rates by over half, and have helped secure the country's commitment to democratic and representative government. Chile has increasingly assumed regional and international leadership roles befitting its status as a stable, democratic nation.

Chile claims to have more bilateral or regional trade agreements than any other country. It has 57 such agreements (not all of them full free trade agreements), including with the European Union, Mercosur, China, India, South Korea, and Mexico.

Chapter 1: Economic and business environment

Demographics

Total area of 756,950 km2, being 748,800 km2 of land and 8,150 km2 of water. 
Population: 18 million (2015 est.) 

Capital

Santiago
population of 7 million (2017 est.)

Major cities

Santiago (population 7 million), Puente Alto (568,000) , Maipú (510,000), La Florida (405,000), Vina del Mar (325,000)

Languages

Spanish

GDP

US$247 billion (2016 est.)

Unemployment rate

6.7% (Feb. 2018)

Main industries

copper, fruit, fish products, paper and pulp, chemicals, wine

Currency

Chilean Peso (CLP)

Interest rate

benchmark interest rate of 2.5% (Feb. 2018)

Political key info

Presidential terms are four years.

Chile's bicameral Congress has a 38-seat Senate and a 120-member Chamber of Deputies. Senators serve for 8 years with staggered terms, while Deputies are elected every 4 years.

The country's judiciary is independent and includes a court of appeal, a system of military courts, a constitutional tribunal, and the Supreme Court.

In June 2005, Chile completed a nation-wide overhaul of its criminal justice system. The reform has replaced inquisitorial proceedings with an adversarial system more similar to countries such as the United States.

Inflation

2% (Feb. 2018)

Chapter 2 : Automotive market, segments & sales

Total Car park

4.26 million

Top 5 brands (total market)

2017 (Jan-Oct)

1. Chevrolet
2. Hyundai
3. Kia
4. Nissan
5. Toyota 

Model preference top 5 (total market)

2017

1. Hyundai Accent (9,534)
2 Chevrolet Sail (9,457)
3 Kia Morning (8,152)
4 Kia Rio (7,682)
5 Suzuki Swift (7,514)

 

Chapter 3: Company car market

Total Fleet Park (company cars)/Fleet penetration in total fleet sales

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Chapter 4: Taxation & legislation

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Chapter 5: Car policies

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Chapter 6: Funding methods

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Chapter 7: Fuel

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Chapter 8 : TCO components

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Chapter 9: Safety, insurance and telematics

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Chapter 10: Environment

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Chapter 11: Mobility

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Chapter 12: Key trends to watch

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