Table of Contents
Michelle Bachelet's return to the Chilean presidency in 2014 will pave the way for a highly ambitious reform agenda, which seeks to raise taxes and introduce higher quality free education in the country. But due to an insufficient parliamentary majority, the centre-left coalition will need to compromise on reforms.
Lucintel, a leading global management consulting and market research firm, has conducted a detailed analysis of this economy and presents its findings in “PESTLE Analysis of Chile 2014.” The study indicates that Chile is likely to face some challenges in its quest for achieving growth and competitive edge in the economy. High dependence on copper export is one of the major challenges for the country. The report also highlights the major drivers of the economy. Increase in external as well as domestic demand is expected to boost high economic growth of Chile. Since the country is the world’s third largest in copper reserves, increase in copper prices will also have positive impact on the economic growth. Chilean economy is likely to grow to $283.7 billion at the current price by 2019, with a CAGR of 5.5% from 2014 to 2019. Economic recovery across the globe is likely to improve producer confidence that in turn, is likely to boost demand of copper. Lucintel expects a rebound in the economy by 2014, especially after a phase of recession in the European countries.
The service sector is contributing to 69% of the GDP in Chile where business services are playing crucial role. High growth in business services such as administrative services and professional services is backed by the highly skilled workforce. Mining is one of the leading industries in Chile which contributes 14.2% to GDP. Huge copper reserves have led to the growth of the mining industry. Chile is known for its mining industry and is ranked third in the world for copper output. Huge copper reserves (28% of global reserves) are making mining support services industry an emerging industry of Chile. It is expected that Chile will attract more than $50,000 million investment by 2017 in this industry. Lucintel highlights the key challenges faced by Chile. High dependence on exports of copper is one of the economic challenges faced by Chile. Chile is also facing the technological challenge of low R&D expenditure. On the social front, Chile may face higher dependency ratio which is likely to increase to 16.6% in 2019 from 13.9% in 2013. This report includes in-depth analysis of the macro economy of Chile, political scenario, economic and business risk as well as, social and technological analysis. This report provides the knowledge on leading and the emerging industries in the country.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
Features of This Report:
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of “PESTLE Analysis of Chile 2014” include:
- Trend and forecast for key macroeconomic variables that are useful to make major investment decision
- Analysis on economic activity, investment environment, and trade structure of the country
- Major industries in Chile and its contribution to GPD
- Trends in savings, investments, and consumptions
- Analysis of Political, Economic, Social, Technological, Legal, and Environmental scenarios as well as their impact on different industries
- Analyses on geographical importance and social structure such as labor quality
- Strength, Weakness, Opportunity, and Threat (SWOT) analysis of Chile
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