Chile

Economy & industry overview

Chile has one of the most open and stable economies in Latin America, with nominal GDP of approximately USD 355 billion in 2025. The country is the world's largest copper producer and a leading lithium exporter, making mining a cornerstone of its export revenues and fiscal position. The financial services sector is well-developed, anchored by large domestically-owned banks, while retail conglomerates such as Falabella and Cencosud have expanded across the region. Real GDP grew 2.5% in 2025 supported by higher copper prices and a resilient services sector, with inflation easing to 3.1%. The Santiago Stock Exchange (Bolsa de Comercio de Santiago) is one of the oldest and most liquid markets in Latin America, with total domestic market capitalization of approximately USD 259 billion as of early 2026.

Key sectors

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Macro

GDP nominal, USD	$355.35B
GDP growth real, annual	2.5%
Inflation annual	3.1%
Population people	19.9M
GDP per capita USD	$17,800
Market cap total listed, USD	$259.00B
Market cap / GDP	72.9%
Unemployment	8.5%
Listed companies	218
Exchange	Bolsa de Comercio de Santiago (XSGO)

Data year: 2025. Sources: IMF World Economic Outlook April 2026 (GDP, growth, inflation), IMF Article IV Mission Statement May 2026 (growth, outlook), World Bank Data Portal (population, GDP per capita est.), CEIC Data - Santiago Stock Exchange Market Capitalization (market cap USD as of March 2026), marketcap.company IPSA Index constituents (top 20 companies, market caps May 2026), topforeignstocks.com Chilean ADRs list (May 2026), BlackRock/iShares ECH Fact Sheet March 2026 (expense ratio 0.59%), iShares ILF Fact Sheet March 2026 (Chile allocation 6.79%, expense ratio 0.47%), Bolsa de Comercio de Santiago official site (exchange details), InvestChile - Foreign Investor Guide (investor visa requirements), CMF Chile - financial market regulation, Saxo Bank country availability notice July 2024, Interactive Brokers international trading page, Statbase.org / IMF DataMapper Chile GDP figures.

Local exchange & access

Exchange	Bolsa de Comercio de Santiago
Code	XSGO
Website	www.bolsadesantiago.com
Currency	CLP

Local broker access

Interactive Brokers (IBKR) provides direct access to the Bolsa de Comercio de Santiago (XSGO) for international clients and is generally considered the primary international broker offering Chilean exchange access. Saxo Bank withdrew from accepting new Chilean clients as of July 2024. Local Chilean brokers regulated by the CMF — such as Banchile Corredores de Bolsa (affiliated with Banco de Chile), Santander Corredora de Bolsa, BTG Pactual Chile, and LarrainVial — serve both local and foreign resident clients. To open a local account, foreigners require a Chilean RUT number, which requires in-person registration at a Registro Civil office. Non-resident foreign investors most commonly access Chile through US-listed ADRs or the ECH ETF rather than opening local brokerage accounts.

Global brokers with foreign-market access

• Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
• Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
• Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
• Fidelity International Trading — International stock trading on a number of developed and emerging markets.

Listed for convenience only — not a recommendation. Available markets, fees and onboarding rules differ by broker and by your country of residence.

Relocation & residency

Foreign-investor access

Chile imposes virtually no restrictions on foreign ownership of publicly listed equities. There is no cap on foreign shareholding for most sectors; exceptions include domestic maritime freight (49% foreign limit) and certain strategic state concessions. Foreign residents can open a brokerage account with a licensed Chilean corredora de bolsa (stock broker) regulated by the CMF (Comision para el Mercado Financiero) by presenting a valid Chilean RUT (tax identification number), passport, and proof of address. A RUT can be obtained through the Chilean Civil Registry (Registro Civil). Foreign nationals not resident in Chile typically access Chilean equities via US-listed ADRs or ETFs such as ECH rather than through a local brokerage account.