The Secret To Successful Overseas Real Estate Investing
"I've told the buyer from Dublin that the other buyer, the gentleman from Cork, is considering...
Read moreLief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.
The dynamic, market-orientated economy in Chile has a strong reputation for foreign trade, financial stability, and sound policy making. This makes Chile a logical choice for investing, working, and living.
Over the past decade and a half the economy of Chile has grown at an average of around 5% each year, slowing a little in recent years to approx. two and a half percent. The county still has a very high bond rating, among the top in all of South America. Chile’s government puts focus on sound economic policy making and standing by its Free Trade Agreements. For these reasons the country is an eager and welcoming place for foreigners and specifically foreigners doing business.
The World Bank lists the Chilean economy among the high-income economies of the world. The country is considered by many to be the most stable nation in South America, besting other large economic nations in the region;Argentina, Brazil, and Colombia.
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Information Type | Notes |
---|---|
GDP (2015 est.) | $422.4 billion |
Real annual growth rate (2015 est.) | 2.1% |
Per capita income | US$23,500 |
Inflation rate | 4.3% |
Natural resources | Timber, seafood, minerals. |
Primary sectors (61.6% of GDP) | Hotels and restaurants, financial intermediation, trade, and transport and communication. |
Secondary sectors (35% of GDP) | Industry; copper, lithium, other minerals, foodstuffs, fish processing, iron and steel, wood and wood products, transport equipment, cement, textiles. |
Tertiary sectors(3.4% of GDP) | Agriculture; grapes, apples, pears, onions, wheat, corn, oats, peaches, garlic, asparagus, beans; beef, poultry, wool; fish; timber |
Exports | US$61.82 billion: copper, fruit, fish products, paper and pulp, chemicals, wine |
Major trade markets | China (26.3%), US (13.2%), Japan (8.5%), South Korea (6.5%), Brazil (4.9%) |
Imports | US$56 billion: petroleum and petroleum products, chemicals, electrical and telecommunications equipment, industrial machinery, vehicles, natural gas |
Major suppliers | China (23.4%), US (18.8%), Brazil (7.8%), Argentina (4%) |
Labor force | 8.68 million |
"I've told the buyer from Dublin that the other buyer, the gentleman from Cork, is considering...
Read moreMexico is still North America... and it can be helpful to remind ourselves of this fact when we think about the big picture of Latin America. What this means in practice is that this country is as close as you can get to being "overseas" while remaining very near the United States and Canada. You can even drive from California, Arizona, New Mexico, and Texas to several of our favorite spots in Mexico. This is a big plus for retirees...
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© 2008 - 2024 Live and Invest Overseas - All Rights Reserved.
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