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Chile

Chile's economy in 2025 is marked by steady growth and resilience, with GDP expected to increase around 2.3% to 2.4%. This growth is primarily driven by strong domestic demand, solid job creation, and rising real incomes. While the mining sector remains a critical contributor due to Chile's rich copper and lithium reserves, other sectors like manufacturing, services, and agriculture also support economic activity.

Business in Chile benefits from a stable macroeconomic environment characterized by prudent fiscal policies, controlled inflation, and transparent regulatory frameworks. The government has focused on simplifying regulations, improving permit processes, and boosting innovation and digital transformation to enhance productivity and attract both domestic and international investment. These efforts, combined with Chile’s open trade policies and strategic geographic location, continue to position the country as a regional trade and investment hub.

Despite some challenges such as fluctuations in global commodity prices and external trade uncertainties, Chile’s diverse economy and ongoing infrastructure modernization foster sustainable development. Inflation has been gradually decreasing toward target levels, maintaining monetary stability. Furthermore, initiatives addressing workforce skills and green transition goals are creating further opportunities for business growth.

Overall, Chile maintains a sound economic foundation with solid growth prospects and a favorable business environment that encourages innovation, investment, and competitiveness, underpinning its role as one of Latin America's most dynamic economies.

Payment methods in Chile: