Chile is not only Latin America's best evaluated economy but also one of the best evaluated emerging economies internationally.
Its hallmark stability, transparency and competitiveness and excellent business prospects position the country not only as the best destination for foreign investment in Latin America and but also as one of the world's leading destinations.
According to the World Investment Report 2013 released by the United Nation Conference on Trade and Development (UNCTAD), Chile was the world's 11 largest recipient of foreign direct investment in 2012. With a record inflow of US$30,323 million, Chile was among the top 20 recipients for the second consecutive year, rising from 17th place in 2011 to 11th place in 2012.
Chile is a safe place in which to do business as borne out by risk ratings agencies which have increased or maintained their high ratings for the country, highlighting its low level of public debt, the health of its 9nancial system and its solid institutions.
In the 2013 World Competitiveness Yearbook published by the Institute for Management Development (IMD), Chile took 30th place out of 60 economies, ahead of all other Latin American countries.
According to the World Bank's Doing Business 2013 report, Chile is the easiest Latin American economy in which to do business, ranking 60 positions above the regional average.
In Transparency International's 2012 Corruption Perceptions Index, Chile obtained a score of 72 points, ranking among the 20 best-placed economies out of the 176 countries included in the Index and ahead of all other Latin American countries.
Chile has signed 22 trade agreements with 60 countries, expanding its domestic market of 16.6 million inhabitants to one of over 4,302 million potential consumers around the world (representing 85.7% of global GDP and 62% of the world's population).
Chile has world-class highways and telecommunications services, with a high penetration of technology and excellent connectivity. In the Networked Readiness Index 2013 published by the World Economic Forum (WEF), it took 34th place out of 144 economies, ranking 9rst in Latin America.
Chile stands out not only for its high-standard professionals but also as the home of two of the universities that, according to the latest Academic Ranking of World Universities (ARWU), are among the top ten in Latin America. In addition, it took 31st place out of 60 economies in the Global Talent Index 2011-2015 of the Economist Intelligence Unit (EIU).
The capital Santiago is Latin America's second most liveable city, according to the Economist Intelligence Unit (EIU), and the country is also well evaluated in studies such as the Global Peace Index which, in 2012, ranked it 30th out of 158 countries.
Santiago offers overseas companies some of the world's most attractive installation costs. In its Prices and Earnings report for 2012, the UBS investment bank gave Chile's capital a score of 52.8 points and 60th position out of 72 cities in a ranking where 9rst place indicates the most expensive city (Oslo) and New York is the base of comparison with 100 points.
In Chile, demand for energy is increasing. At the end of 2012, the country had a net installed power generation capacity of 17.6 GW provided through four systems - the Central Interconnected Grid (SIC), the Northern Interconnected Grid (SING) and the smaller systems of the Aysén and Magallanes Regions. Out of these systems, SIC is the largest.
In 2012, gross electricity generation in SIC and SING reached 65,547 GWh, up by 5.8% compared to 2011. Based on projections for Chile's economic growth, it is anticipated that demand for electricity will rise by around 5% per year until 2020, implying the need to increase the country's installed power generation capacity.
In 2012, 65.9% of Chile's electricity was generated from fossil fuels while Non- Conventional Renewable Energies (NCREs) accounted for 4.8%.
|TRADITIONAL HYDROELECTRIC GENERATION (MORE THAN 20 MW)|
|NON-CONVENTIONAL RENEWABLE ENERGIES (NCRES)|