InvestChile Blog

FDI news | Policies & Tools | Business data analysis | Investment location trends

IMF: Chile will be the first country in the region with a per capita income of US$30,000

InvestChile - December,6,2018

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.

84 barrio el golf cie 2014

In 2022, per capita GDP in Chile will reach US$30,000, measured in terms of purchasing power parity (PPP), according to the International Monetary Fund (IMF), positioning it as the first South American country to achieve this milestone.  

This would be only 11 years after the country passed the US$20,000 mark (in 2011).  

In Uruguay, in second place, per capita GDP (PPP) would reach US$28,133 in 2022 or, in other words, some US$1,800 less than in Chile. It would be followed by Argentina (US$22,621) and Brazil (US$18,539). Bolivia would take last place, with US$9,381.

In Latin America as a whole, Panama, which is forecast to reach US$30,000 in 2020, takes first place.

2018

According to the IMF’s World Economic Outlook report, Chile will have a per capita income (PPP) of US$25,891 in 2018, thanks to the 4% growth anticipated for this year.

In September, when the IMF presented the results of its “Chapter IV” report on Chile, it indicated that the economy would grow by 4% in 2018, 3.4% in 2019 and 3.2% in 2020 before converging to a long-term annual growth rate of 3%. This implies that per capita GDP (PPP) would increase by some US$4,600 during the current government.  

To learn more about Chile’s development and the investment opportunities it offers, see this article.

Source: Pulso

New call-to-action

Topics: development- economy- Chile

InvestChile

InvestChile

We are the government agency responsible for promoting Chile in the global market as a destination for foreign direct investment, serving as a bridge between the interests of overseas investors and the business opportunities the country offers and providing world-class services that are in line with the country’s economic development policies.

Previous Post

Chile signs technology transfer agreement with Pacific Alliance

NEWSLETTER

Subscribe to our newsletter

Receive in your e-mail publications and news about how to guide your investment project in Chile

Subscribe to Email Updates

100% Privacy. No Spam.

Related Posts

Visas and foreign citizens

We invite you to obtain a complete guide of residence laws and regulations for investors and foreign workers in Chile.
Learn More