Chile is the world’s largest copper-producing country. Although Chile is viewed by some market observers as the most advanced and open South American economy and it is undeniably home to Latin America’s highest sovereign credit rating (AA-), there is also no denying the country’s dependence on copper exports as a driver of government revenue.
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“Chile’s economy is showing signs of a slowdown after its main export copper fell 17 percent in the past year, and amid declines in investor and consumer confidence. The National Statistics Institute reported Thursday that unemployment in May rose to 6.8 percent, higher than expected. Industrial output shrank 2 percent from a year earlier, while economists were expecting a 1.1 percent expansion,” according to Bloomberg.
For more information on the Chile ETFs, visit our Chile category.
iShares MSCI Chile Capped ETF
