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World Bank: Chile is one of Latin America’s wealthiest country in assets

InvestChile - February,13,2018

Measured in terms of assets rather than Gross Domestic Product (GDP), Chile is one of the Latin America's wealthiest country according to the World Bank.

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Its report, The Changing Wealth of Nations 2018, reveals that:

  •  In terms of natural, human and produced capital and net foreign assets, Chile’s per capita wealth reached US$237,713 in 2014, positioning it second in the region after Uruguay (US$ 254,601).
  • The most important component of Chile’s wealth is human capital which, measured as the net present value of the future earnings of the labor force, represented US$139,512 per capita.
  • It is followed by natural capital in the form of forests, protected areas, cropland, pastureland and subsoil assets, which amounted to US$55,113, while produced capital, which includes machinery, buildings, equipment and urban land, amounted to US$45,096.
  • Finally, net foreign assets, including portfolio equity, debt securities, foreign direct investment and other financial capital held in other countries, represented a liability of US$2,008.

Internationally, the richest country is Norway, with a per capita wealth of US$1,671.756, followed by Qatar (US$1,597,125) and Switzerland (US$1,466,757).

Source: La Tercera

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Topics: GDP- World Bank- Articles

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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.

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