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Ratings and Rankings

  • The Global Competitiveness Report 2014-2015

    Chile, at 33rd, regains the position it lost last year and remains the most competitive economy in Latin America, with a very stable profile. The country continues to build up its traditional assets, which are related to a strong institutional setup (28th) with low levels of corruption (25th) and an efficient government (21st); solid macroeconomic stability (22nd) with low levels of both public deficit and public debt; and efficient markets, despite some rigidities in its labor market that result from its persistent high redundancy costs (120th).

    Notwithstanding these strengths, the current economic context—with its potentially strong headwinds that result from the decline in the price of minerals—highlights the need for Chile to diversify its economy by moving toward more knowledge-based activities. In this context, the country still needs to make major efforts to address some of its traditional weaknesses. Important flaws in the country’s education system, notably in terms of its quality (71st)—especially in math and science (99th)—do not provide companies with a workforce that has the necessary skills to upgrade their production or embark on innovative projects; this is regarded as one of the country’s most problematic factors for doing business. This difficulty—together with low innovation investment, especially in the private sector (77th)—results in a poor innovation capacity overall (76th), which could jeopardize Chile’s necessary transition toward a knowledge-based economy.

    The Global Competitiveness Report

  • Quality of Overall Infrastructure Index

    Chile is the best performer in the region, which reflects both in terms of the attractiveness of its environment for private investment in infrastructure and the development of its infrastructure network. 

    Infraestructure Private Investment

  • Financial Market Development Index 2014-2015

    At 19th place, Chilean economy has the highest position for a Latin America country in this item. Soundness of banks and availability of financial services stand out, ranking 11th and 21th respectively. On the other hand, there are still a number of areas in need of improvement, such as affordability of financial services (42nd) and legal rights (60th).

     Fin dev Index

     

  • Transparency International

    Transparency International (TI) defines corruption as the abuse of entrusted power for private gain. This definition encompasses corrupt practices in both the public and private sectors. The Corruption Perceptions Index (CPI) ranks countries according to the perception of corruption in the public sector. The CPI is an aggregate indicator that combines different sources of information about corruption, making it possible to compare countries. In 2014, Chile ranked 21th.

    curruption_perceptions.gif

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