Key Figures

Chief of State:
President Verónica Michelle Bachelet Jeria
Head of Government:
President Verónica Michelle Bachelet Jeria


Government Name:
Republic of Chile
Adopted: 1980; Chapters cover information regarding the bases of institutionality, nationality and citizenry, constitutional rights and obligations, the government, electoral justice, armed forces, and the central bank.
Government Type:
Republic of Chile Flag
Coat of Arms of Republic of Chile

Index of Economic Freedom

Grades each country on a scale of 0 to 100, based on ten freedoms, with 100 representing the greatest amount of economic autonomy from government intervention. Source: Heritage Foundation (2018)

Country Risk Rating

Changes in generally good but somewhat volatile political and economic environment can affect corporate payment behavior. A basically secure business environment can nonetheless give rise to occasional difficulties for companies. Corporate default probability is quite acceptable on average. Source: Coface (2018)

Government Branches

Main Powers Election Process Election Cycle 1

The president is responsible for the government and state administration.

The president is elected by absolute majority vote through a two-round system.

4 years


The senate must be aware of the accusations made by the chamber of deputies, to lend or deny its consent to actions of the president of the republic in cases required by the constitution by law, and to provide its opinion to the president of the republic in requested cases.

The senate has 38 members who are elected through a closed party-list majority system.

4 years


The chamber of deputies adopts agreements, suggests observations, and declares whether accusations should be acceptable.

The chamber of deputies has 120 members who are elected through a closed party-list majority system.

4 years

Regional Trade Blocs

International Organization Participation [2]

Environmental Agreements [3]

Tax Information [2]

Tax Authority:
Internal Revenue Service
Tax Name:


  1. ElectionGuide
  2. EY,
  3. CIA World Factbook,
  4. U.S. Bilateral Relations Fact Sheets