Detailed Information

Country Overview
AS OF 12 Mar 2025- The Republic of Chile is one of Latin America’s largest economies, ranking 46th in the world in terms of Gross Domestic Product (GDP, Current USD) in 2023. For 2024, the country’s GDP printed at approximately USD 328.72 billion (IMF, 2024).
- Chile is classified as a “Developing Country”, “Upper-Middle Income Country” (World Bank, 2024), and an “Emerging Market” according to the annual MSCI Market Classification Review (MSCI, 2024). These classifications are characterized by progressive economic development, market size and liquidity, and market accessibility.
- The country’s economic growth is driven mainly by the mining sector (World Bank, 2024), with top exports being copper ore, refined copper, and carbonates valued at USD 24.2 billion, USD 17.1 billion, and USD 6.08 billion, respectively. Main export destinations, on the other hand, are China at USD 38.2 billion, the United States at USD 15.7 billion, and Japan at USD 7.1 billion (OEC, 2023).
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