The end of the mining boom has highlighted the urgent need for Chile to diversify its economy away from commodity-intensive sectors, according to a new OECD report presented by Secretary-General Angel Gurría today.
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Thanks to sound macroeconomic policies and a commodity price boom Chile enjoyed a long phase of strong economic growth and job creation. This allowed living standards to significantly catch up with those in other OECD countries. But despite this remarkable progress, gaps vis-à-vis other OECD countries continue to be large for some well-being dimensions.
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Chile recovered quickly from the crisis. The unemployment rate has declined to 6.2% in Q1 2015 (down from 6.5% in Q1 2014). While unemployment is projected to fall in most OECD countries, in Chile it is projected to increase to 6.8% by the end of 2016.
Specific country notes have been prepared using data from the database OECD Health Statistics 2015, July 2015 version. The notes are available in PDF format.
A dashboard of key government indicators by country, to help you analyse international comparisons of public sector performance.
Chile's Foreign Investment Committee (CIEChile) and the OECD are partnering to improve CIEChile's role as an investment promotion agency, enabling the country to attract more and better investment.
Mr. Gurría hosted H.E. Michelle Bachelet, President of the Republic of Chile, during her visit to the OECD on Tuesday 9 June 2015, coinciding with the 5th anniversary of Chile’s accession to the OECD.
It is a great honour to welcome President Bachelet once again to the OECD. After five years of membership, Chile has become one of our most active and relevant members.
In a boost for international efforts to strengthen co-operation against offshore tax evasion, seven new countries have joined the agreement to exchange information automatically under the OECD/G20 standard.
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Este informe muestra que, en los países de la OCDE, la desigualdad tiene un efecto negativo sobre el crecimiento económico. La desigualdad de ingresos disminuye la inversión en la educación de las personas más vulnerables y obstaculiza la movilidad.