Chile has been one of Latin America’s fastest-growing economies in recent decades, making it one of the most economically and socially stable and prosperous nations in the area, with high-income economy and high living standards, which enabled the country to significantly reduce poverty. The country has a market-oriented economy characterized by a high level of foreign trade and a reputation for strong financial institutions and sound policy that have given it the strongest sovereign bond rating in South America.
Chile occupies a long, narrow coastal strip between the Andes Mountains to the east and the Pacific Ocean to the west. Its specific shape makes it a country of startling contrast and variety, ranging from volcanic peaks to ancient forests. The capital is Santiago.