The food industry is Chile’s second most important economic sector, accounting for 18% of GDP.
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Online purchases in Latin America topped US$71,000 million in 2018, up by 15% on 2017, while, in Chile, they reached over US$5,000 million.
Government help and market forces create a new industry. Thanks mainly to Chinese demand, Chile exported $1.1bn-worth of cherries in 2018, double the value of 2017 and two-thirds that of its much better-known wine exports.
The report from the Chilean Copper Commission (Cochilco) estimates a consumption of seawater of 10.82 cubic meters (m3) per second for the year 2029, compared to a current use of 3.28 m3/second
The inflows reached US$14.1 billion for 277 projects, which will generate 15,408 jobs. Among all sectors, mining stood out with US$4.8 billion of the total investment, which in turn explains Canada's leadership in the analysis by country.
According to Movistar Chile, Facebook, Google and YouTube head the list of the most used apps, indicating the high penetration of digital platforms in the South American country.
Recruiting and retaining women, as well as people from diverse backgrounds, can make firms more productive and efficient, creating a healthier operating environment. Companies from different sectors have realized this and are promoting policies to encourage female participation.
Europe's intergovernmental astronomy organization is expected to operate by 2025 the research complex in Paranal, which will be 20 times larger and 10 times more sensitive than the structures currently studying this type of radiation.
As part of the InvestChile Talks series, Ana Novik explained the role played today by investment promotion agencies. "Chile plays an important role in our network of investment agencies," she said.
They take three and a half hours to recharge, they have 250 kilometers of autonomy and their batteries have a useful life of 4,000 charges. These are the 100 electric buses that the Metbus company will deploy in the streets of Santiago in the coming days.
Big data, blockchain, robotics or cybersecurity? These are just some of the areas of specialization in greatest demand at the moment in the technology sector.
The prize, awarded by popular vote, highlights the country’s natural advantages for activities of this type.
During the current government, the country is forecast to see an increase of close to US$4,600 in GDP per capita, measured in terms of purchasing power parity, over double the increase under the previous government.
Representatives of Chile, Colombia, Mexico and Peru have signed an agreement to establish a network of technology transfer offices in a bid to facilitate coordination and cooperation on innovation and entrepreneurship.
Anne Marie Engtoft, who was invited by InvestChile, urged investment in digital transformation. “If we don’t, in a couple of years, the changes will be so big they will become overwhelming,” she said .
Measures such as public policies, investment and a commitment to decarbonization position the South American country in top place out of 103 countries.
According to estimates by Accenture, this is equivalent to some US$55,000 million. Chile scored 33.1 points in the Digital Economic Value Index in which it led the region, thanks to its high adoption of digital technologies, accelerators and digital talent.
The companies were evaluated for their capacity to innovate and act in pursuit of their business objectives, transforming innovation into a practice that forms part of their DNA. The list includes companies of different sizes, some of them from overseas.
The start-ups supported by the local accelerator have a survival rate of 54.4% while retention in Chile is led by Argentine companies (18%). The accelerator is embarking on a new stage focusing on enterprises’ economic impact.
The contribution of NCRE sources has increased rapidly in recent years, thanks to the start-up of new projects. In 2013, these sources accounted for 6% of the matrix and are expected to reach up to 18% this year.