

Prior to the arrival of the Spanish in the 16th century, the Inca ruled northern Chile while an indigenous people, the Mapuche, inhabited central and southern Chile. Although Chile declared its independence in 1810, it did not achieve decisive victory over the Spanish until 1818. In the War of the Pacific (1879-83), Chile defeated Peru and Bolivia to win its present northern regions. In the 1880s, the Chilean central government gained control over the central and southern regions inhabited by the Mapuche. After a series of elected governments, the three-year-old Marxist government of Salvador ALLENDE was overthrown in 1973 by a military coup led by General Augusto PINOCHET, who ruled until a democratically-elected president was inaugurated in 1990. Sound economic policies, maintained consistently since the 1980s, contributed to steady growth, reduced poverty rates by over half, and helped secure the country's commitment to democratic and representative government. Chile has increasingly assumed regional and international leadership roles befitting its status as a stable, democratic nation.
Source: The CIA World Factbook - Chile
Growth is projected to accelerate to around 3.6% in the coming years supported by an improving external outlook and favourable financial conditions. Real wages will grow as salaried employment recovers, lifting private consumption and reducing income disparities. Increasing aggregate demand, a supportive monetary stance and a stable exchange rate will raise inflation.
Government spending and debt have increased but the planned fiscal consolidation should be gradual enough to leave room for needed investments in health, education and infrastructure. Streamlining licencing and regulations, raising public support for R&D and improving infrastructure would boost stalled productivity. Building on recent reforms in the education system, developing apprenticeships, and assuring relevant skills at all levels of education and activation policies, would boost productivity and inclusiveness.
Source: OECD - Economic Forecast
IMF Statistics:
| Subject descriptor | 2014 | 2015 | 2016 | 2017 | 2018 |
|---|---|---|---|---|---|
| Gross domestic product, constant prices Percent change | 1.830 | 2.304 | 1.700 | 1.986 | 2.700 |
| Gross domestic product, current prices U.S. dollars (Billions) | 258.712 | 240.233 | 234.903 | 242.641 | 253.973 |
| Gross domestic product per capita, current prices U.S. dollars (Units) | 14,518.860 | 13,341.537 | 12,909.807 | 13,196.327 | 13,668.867 |
| Inflation, average consumer prices Percent change | 4.391 | 4.349 | 3.962 | 3.029 | 3.000 |
| Volume of imports of goods and services Percent change | -5.662 | -2.838 | -0.076 | 2.602 | 3.667 |
| Volume of exports of goods and services Percent change | 1.052 | -1.885 | 0.784 | 2.786 | 3.775 |
| Unemployment rate Percent of total labor force | 6.392 | 6.214 | 6.966 | 7.638 | 7.200 |
| Current account balance U.S. dollars (Billions) | -3.317 | -4.765 | -4.550 | -5.903 | -6.564 |
| Current account balance Percent of GDP | -1.282 | -1.983 | -1.937 | -2.433 | -2.585 |
Source: IMF Statistics
Non double taxation agreement
In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.
None
Air Services agreement
Not ratified by Luxembourg yet (Transport for preparing the explanatory statement)
Source: Administration des contributions directes
The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.
You can see the statistics on the website of the Statec.
Honorary consul
Honorary Consul with jurisdiction over the whole territory of Chile: Mr Juan Manuel FUENTES
Alfredo Barros Errázuriz 1954
Oficina 507
Providencia
Santiago
chile
Tel.: (+562) 2 365 14 70 / (+562) 2 363 04 12
Fax: (+562) 2 365 14 66
E-mail: jmfuentes(at)ingelan.cl
Source: Ministry of Foreign Affairs Luxembourg
Economic and Commercial Attaché (AWEX):
Mrs Liliana HERRERA
Consejero econômico y comercial
Embajada de Bélgica-Regiôn Valona
Carmencita 25 - Las Condes
Santiago de Chile
Chile
Tel: (+56) 22 23 23 623
E-mail: santiago(at)awex-wallonia.com
Source: AWEX
Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.
Link: Office du Ducroire - Country Risk for Chile