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    THE 10 BEST PLACES TO RETIRE IN 2025

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      Chile Facts And Figures

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          Spring in Santiago, Chile. A quiet, Colonial street
          iStock/wastesoul

          Facts About Chile

          Chile is an interesting country with a diverse landscape and culture.

          There are many unique facts about Chile, including having one of the world’s longest coastlines, six UNESCO world heritage sites, and the famed Easter Island.

          In fact, Chile is the longest country in the world, extending a staggering 38 degrees of latitude! Chile’s Atacama Desert is the driest desert in the world.

          Here is a compilation of Chile’s facts and figures…

          Kathleen

          Reviewed By Kathleen Peddicord

          Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

          Where To Retire At Any Age - And Guarentee Yourself A Richer Liefstyle
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            Information Type Chile Data
            Population 19,764,771 (2024 est.)
            Gross Domestic Product (GDP) US$344.59 billion (2024 est.)
            GDP Per Capita US$30,303 (2024 est.)
            Inflation Rate 4.7% (2024 est.)
            Currency Chilean pesos (CLP)
            Exchange Rate Versus U.S. Dollar 924.61 Chilean pesos per U.S. dollar (Oct. 2024)
            Language Spanish (official), Mapudungun, English
            Capital Santiago
            Population of Capital City 6.950 million (2024 est.)
            Time Zone GMT – 4 (1 hour ahead of Washington D.C. during Standard Time)
            Daylight saving time: + 1 hour (new pilot program that begins on the second Sunday in September and ends on the fourth Sunday in April)
            Seasons There are four seasons in most of the country: Summer (December to February), autumn (March to May), winter (June to August), and spring (September to November).
            Temperate: Desert in the north, Mediterranean in the central region, and cool-damp in the south.
            International Dialing Code 56
            Electricity 220V / 50Hz: Plug Type: C L
            System of Government Republic
            Name of Current Leader President Gabriel Boric (since, 2022).
            The President is both the chief of state and the head of government.
            Income Tax Rate for Residents 22% to 30%
            Property Tax 1% to 1.2%
            Capital Gains Tax 20% to 25%
            Inheritance Tax Levied on the net value of assets transferred at death.
            Real Property Tax 1.2% for urban property and 1% on rural property.
            Transfer Tax No
            Sales Tax 19%
            Restrictions on Foreign Ownership of Property It is possible for a foreigner to borrow for the purchase of real estate in Chile but only as a resident. You would have to be a resident for a number of years before a bank would consider lending.
            Chile does not offer an invest-for-residency program whereby the purchase of property qualifies you for a visa. You would need to seek residency independent of any real estate purchase.
            Local Chamber of Commerce Calle Monijitas 392,
            Santiago, Metropolitan Region, Chile
            Tel: 562-2360 7000
            Email: cpn@ccs.ci
            American Chamber of Commerce Kennedy Avenue 5735,
            Torre Poniente, office 201,
            Las Condes, Santiago, Chile
            Tel: 562-2290 9700
            Primary Exports Copper, fruit, fish products, paper and pulp, wine, and chemicals.
            Residency and Visa Requirements Residency is easy to establish and comes with a path to citizenship. You can apply by mail and no background check is required for U.S. or Canadian citizens.
            Citizenship requires five years of residency. A simple application is required with no test.
            Special Benefits for Foreign Residents or Retirees You can apply for loans and mortgages with a permanent visa.
            National Airline

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              Kathleen

              Reviewed By Kathleen Peddicord

              Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

              Where To Retire At Any Age - And Guarentee Yourself A Richer Liefstyle
              Cover for Kathleen Peddicord's book At Home Abroad
              Plus, Revealed Inside Your Free Book: 12 Top Places Where You Can Live The Good Life From As Little As $1000 A Month…
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                Chile Facts And Figures- FAQs

                Submit Your Own Questions

                Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.

                Portugal is known for Fado music and also for being the largest cork producer in the world.

                Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.

                Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.

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