Excerpted from the Chile Career Guide
Chile is one of South America's most stable nations and has one of the region's most prosperous and fastest-growing economies. In just one eight-year period, more than 7 million Chileans rose from poverty, and formal urban employment grew significantly.Chile became the first South American country to join the Organisation for Economic Co-operation and Development (OECD) in 2010, and the country aims to achieve high-income, developed country status by 2020.
Chile’s economic growth slowed last year, mainly due to weakened copper demand from China. The Organisation for Economic Co-operation and Development (OECD) expects that it will pick up by the end of this year, driven by investments and exports.
Areas of Job Promise
The mining industry is experiencing a talent war, with firms 'poaching' professionals from competitors. Companies have even been offering pay increases of up to 20 percent to retain staff.
Chile aims to generate 20 percent of electrical power from renewable sources by 2025. In order to achieve this, the government is restructuring the Centro de Energías Renovables (Center for Renewable Energies), which will become the National Center for Development and Innovation in Sustainable Energy. Chile’s main renewable energy potential lies in marine, solar, geothermal, wind and hydro energies.
With inflation under control, employees are likely to receive salary raises this year that will provide greater purchasing power.
Santiago offers workers the second-highest salaries in Latin America, after Brazil. However, despite its strong economy, the country has the highest level of income inequality among all 34 OECD member nations, according to the Organisation for Economic Co-Operation and Development (OECD).
This is just a short sample of what you’ll find in over 100 pages of information in the Chile Guide.