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Chile’s Unemployment Trends in Late 2023

Chile experienced a rise in its unemployment rate, reaching 8.5 percent in the final quarter of 2023, as reported by the National Institute of...

Chile’s E-commerce Sales See Significant Decline in 2023

Chile's retail e-commerce saw a 20.1% decline in 2023, including a 7% decrease in the fourth quarter, as the National Chamber of Commerce (CNC)...

Chile Eyes Major Rate Cut Amid Slowing Inflation

Chile plans a big interest rate cut soon. This aims to ease money policy as inflation slows, showing a strategic shift. Central Bank surveys hint...

Chile and EFTA Revitalize Trade Pact

Chile and the European Free Trade Association (EFTA) have successfully refreshed their trade agreement. Since 2004, this partnership has flourished. The members of EFTA include...

Chile’s Lithium Sector Attracts Global Interest

Chile, known for its vast lithium reserves, is becoming a hub for international battery manufacturers. These manufacturers, particularly those from South Korea, are interested in...

Chile’s 2023 Exports Reach $94.4 Billion with Boost in Asia Trade

Chile saw its exports reach $94.4 billion in 2023, a slight drop of 1.6% from the previous year, reported the ProChile agency. Despite this, exports...

Chile Predicts Higher Copper Prices in 2024-2025

Chile's National Copper Commission (Cochilco) forecasts a rise in copper prices to $3.85 per pound in 2024 and $3.90 in 2025. This forecast comes from...

Chile’s Pioneering Submarine Cable to Transform Global Data Traffic

Chile, in partnership with Google, is launching the Humboldt Cable System, the first fiber-optic submarine cable connecting South America with Asia and Oceania. Stretching about...

Chile’s 2024 Defense Strategy

In 2024, Chile prioritizes bolstering its Armed Forces' capabilities to enhance military prowess and ensure deterrence and operational superiority. This drive began with the 2023...

Chile 2024: Positive Economy and Inflation Focus

In 2024, Chile's economy begins with increased optimism, as noted by Rosanna Costa, President of the Central Bank of Chile. Her views were shared in...

Chile Records 1.2% Economic Growth in November 2023

In November 2023, Chile's economy grew by 1.2% year-over-year, as reported by the Central Bank. Finance Minister Mario Marcel remarked on this growth as a...

Rising Unemployment in Chile’s Recent Quarter

In the September-November quarter of 2023, Chile experienced a rise in unemployment, reaching 8.7%. This increase, as reported by the National Institute of Statistics (INE),...

Chilean President Announces Public-Private Lithium Alliance

Chile's leader, President Gabriel Boric, recently announced a significant step for the nation's lithium industry. He revealed a new partnership between Codelco, the state-run National...

Chile-China: Advancing Antarctic Cooperation

A couple of days ago, the Chilean Antarctic Institute and the Chinese Arctic and Antarctic Administration renewed their Memorandum of Understanding. This update in Santiago,...

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