IndexEconomyCultureTourismEconomyChile is classified as a high-income economy by the World Bank and is considered one of the most stable and prosperous nations in South America in terms of competitiveness, per capita income, globalization, economic freedom and low perception of corruption. Although Chile has high economic inequality, as measured by the Gini index, it is close to the regional average. In 2006, Chile became the country with the highest nominal GDP per capita in Latin America. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay In May 2010, Chile became the first South American country to join the OECD. Tax revenues, overall 20.2% of GDP in 2013, were the second lowest among the 34 OECD countries and the lowest in 2010. Chile has an inequality-adjusted human development index of 0.661, compared to 0.662, 0.680 and 0.542 for neighboring Uruguay. , Argentina and Brazil, respectively. In 2008, only 2.7% of the population lived on less than $2 a day. The Global Competitiveness Report for 2009-2010 ranked Chile as the 30th most competitive country in the world and first in Latin America. The Ease of Doing Business Index, created by the World Bank, placed Chile 34th in the world in 2014, 41st in 2015 and 48th in 2016. The privatized national pension system has a national savings rate estimated total of approximately 21% of the total. GDP.CultureChile's culture reflects the country's relatively homogeneous population and geographic isolation from the rest of South America. Since colonial times, Chilean culture has been a mix of Spanish colonial elements with indigenous (mainly Mapuche) culture. The Huasos of central Chile and their folk music and dance are central to Chilean popular culture. Although the folk traditions of central Chile are central to Chilean cultural and national identity, Chile is geographically and culturally diverse with both the North and South having their own folk music and dance due to diverse indigenous populations and groups of immigrants who settle there. Furthermore, while some regions of Chile have a very strong indigenous heritage, such as the Araucanía region, Easter Island and the Arica y Parinacota region, some regions lack sizable indigenous communities and some other regions have considerable indigenous heritage non-Spanish European immigrants. from 1930 to 1970 there was a rebirth of interest and popularity for popular music in Chile, initially carried out by groups such as Los Cuatro Huasos, who took popular songs from the Chilean country and arranged them vocally and with musical instruments. They held numerous recitals in Chile and Latin America which contributed to its diffusion. Subsequently, other groups appeared such as Los de Ramon, Los Huasos Quincheros, Los Cuatro Cuartos, and others who continued with this diffusion. Several Chilean folk composers also appeared such as Raul de Ramon, Margot Loyola, Luis Aguirre Pinto, Violeta Parra, Víctor Jara and others who conducted folklore research and composed popular music that is still sung today.TourismSince the mid-1990s, tourism in Chile it has become one of the country's main sources of income, especially in its most extreme areas. In 2005 this sector grew by 13.6%, generating more than 500 million dollars, equal to 1.33% of the national GDP. According to the World Tourism Organization (WTO), Chile was the eighth most popular destination for foreign tourists in the Americas in 2010, after the United States, Mexico, Canada, Argentina, Brazil, the Dominican Republic and Puerto Rico. That year 2,766,000 tourists.