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Chile’s Emerging Role as a Service-oriented Economy

In the first quarter of 2024, Chile's service exports surged to a record $674 million, a notable 42.7% increase from the prior year. The Undersecretary...

Chilean Airline Increasingly Dominates Brazil’s Vast Aviation Market

In 2023, Latam Airlines markedly boosted Brazil's aviation sector, elevating its passenger count from 32 million to 39 million across both domestic and international...

Bright Prospects for Chile in 2024

Chile's economy is on an upbeat path, with market analysts now predicting a 2.7% growth in the current quarter, adjusting the annual forecast to...

Chile-Brazil Satellite Collaboration Takes Off

At Fidae 2024 International Air and Space Fair, Chile and Brazil signed a declaration to boost satellite technology cooperation. This pivotal agreement, led by both...

Chile Sees Lower-than-Expected Inflation Rise in March

March brought a smaller-than-anticipated increase in Chile's consumer prices, easing concerns at the Central Bank amid slow inflation decline towards the target rate. Prices edged...

Chile Advances in Pacific Alliance Modernization

Chile advanced international cooperation with the Chamber of Deputies committee approving a Pacific Alliance modernization proposal. This alliance, which includes Mexico, Peru, and Colombia alongside...

Chile’s Steel Industry Dilemma Amid Chinese Imports

In an urgent move, Chilean officials are working to save the country's sole steel mill from closing due to the flood of low-cost Chinese...

Chile Central Bank Trims Interest Rate to 6.5%

Yesterday, the Central Bank of Chile made a unanimous move to trim the Monetary Policy Rate (MPR) from 7.25% down to 6.5%. This step reflects...

Chile’s Economy Marks Strongest Growth in Two Years

Chile's economy is showcasing signs of robust growth, with a notable 4.5% increase in February, the highest in almost two years. This resurgence is a...

Chile’s Lithium Strategy: Expanding Production to Secure Battery Market

Chile, ranked as the world's second-biggest lithium producer, has set ambitious plans to double its output within the next decade. This move aims to cater...

Chile’s Marine Victory at Best Warrior 2024

Corporal Ángel Vásquez from Chile's Marine Corps won first in both the individual and corporal categories at the 2024 Best Warrior event in Texas. This...

Chile’s Unemployment Rate at 8.5% in Early 2024

From December 2023 to February 2024, Chile's unemployment rate increased to 8.5%, a slight increase from the previous year. The National Institute of Statistics (INE)...

Manufacturing and Mining Drive Chile’s Remarkable Industrial Revival

Chile celebrated a landmark achievement in its industrial sector in February, showcasing a substantial annual growth of 7.9%—the highest since March 2018. As reported by...

Hedge Funds’ Optimism on Copper Signals Growth for Chile, Peru, and Mexico

Hedge funds are increasingly positive about copper, vital for the economies of Chile, Peru, and Mexico. Delphos Investment's report reveals this sector's net copper position...

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