After two years with no change, Chile has climbed two places in the IMD World Competitiveness Ranking, reaching its highest position since 2019. This improvement was driven by the country’s economic performance, although challenges remain in infrastructure, productivity, and innovation.
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Chilean Economy
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For the second straight year, the report found that Chile continues to lead in the adoption and development of AI, excelling in infrastructure, specialized talent and research.
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The South American country stands out for its digital and data processing infrastructure, as well as the availability of technological devices, according to the Latin American Artificial Intelligence Index (ILIA).
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Natural resources, government involvement and the use of global partnerships are some of the reasons behind its improved evaluation on the EY index.
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Energy
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The country moved up from 45th to 44th place among 64 economies in the World Competitiveness Report prepared by the IMD of Switzerland. The report highlights more efficient management of tax matters, as well as important advances in technological infrastructure.
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According to the analysis prepared by the real estate services company Cushman & Wakefield, Chile's capital city, which has 13 sites and an average annual demand of 15 MW, stands out because of its technological infrastructure, connectivity and institutional stability.
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With its modernity, urban development, green spaces and the charm of the Andes Mountains, Santiago has established itself as an up-and-coming destination and an ideal place to live, work, study and invest.
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Chile reached position 50 out of 132 nations in the innovation index. The country stands out for the quality of its regulatory affairs and the creation of new businesses, which are related to an increase in the use of the intellectual property system as a percentage of total trade.
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R&D
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The report published by Transparency International places Chile 27th in the ranking, the same as last year, while Denmark, Finland and New Zealand top the list worldwide.
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Chilean Economy
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Once again, Chile has placed first in Bloomberg's Climatescope ranking, demonstrating its regional leadership in the field of energy.
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Energy
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The 29th World Travel Awards (WTA) for South America 2022 named Chile the Most Romantic Destination and the Leading Adventure Tourism Destination. These honors also demonstrate the business and investment opportunities that exist in Chile.
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Universidad de Chile and Pontificia Universidad Católica de Chile stood out in the Academic Ranking of World Universities, among other Chilean institutions.
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Talent
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Gender Report: A National Institute of Industrial Property (INAPI) analysis has revealed that the proportion of invention patent applications made by Chilean women inventors rose by 5.4% compared to 2020. Ventures such as MOV are examples of women who dared to take the lead and create new things.
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Women
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Chile stands out as one of the most advanced countries in Latin America, and is above the global average in the index produced by EY based on surveys in 15 of the region’s economies.
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In its Global Opportunity Index, the Milken Institute highlights the friendliness of Chilean institutions to foreign investors.
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The Human Development Report 2020 ranks Chile in 43rd place out of 189 countries while, in the Gender Development Index, it takes 62nd place.
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“Although we still have a way to go, this report shows that we are on the right road,” said the Minister of Environment on learning of the results of the study published by Cambridge University Press.
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Chilean Economy
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In the region, Argentina, Mexico and Peru are also in this category, according to the report “Solar Photovoltaic Power Potential by Country” prepared by the World Bank.
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According to the Getulio Vargas Foundation, there are few barriers to investment and exports in Chile, a greater access to capital and more stable economic policies as well as a high level of confidence in the Central Bank, an advantage compared to the rest of the region.
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Chilean Economy
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In a study that seeks to promote the strong development of a digital economy globally, Chile ranks as the Latin American country best prepared to start implementing the new economic model. It took 34th place internationally.
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Startup
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