Table of ContentsEconomyCultureTourismEconomyChile 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 experiences 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 should not be banned”?Get the original essayIn May 2010, Chile became the first South American country to join the OECD. Tax revenues, which totaled 20.2% of GDP in 2013, were the second lowest among the 34 OECD countries, and the lowest in 2010. Chile has a human development index adjusted for inequality 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 US$2 per day. The Global Competitiveness Report for 2009–2010 ranked Chile the 30th most competitive country in the world and the first in Latin America. The Ease of Doing Business Index, created by the World Bank, ranks Chile 34th in the world in 2014, 41st in 2015 and 48th in 2016. The privatized national pension system has a low total domestic savings rate estimated at approximately 21% of GDP.CultureThe culture of Chile reflects the relatively homogenous population as well as the country's geographic isolation from the rest of South America. Since colonial times, Chilean culture has been a mixture of Spanish colonial elements and indigenous (mainly Mapuche) culture. The Huasos of central Chile and their folk music and dance are at the heart of Chilean popular culture. Although the folk traditions of central Chile are central to Chilean cultural and national identity, Chile is both geographically and culturally diverse, with both the North and South having their own folk music and dance due to the settlement of different indigenous peoples and immigrant groups. Additionally, while some regions of Chile have very strong indigenous heritage, such as the Araucanía region, Easter Island, and the Arica and Parinacota region, some regions lack considerable indigenous communities and a few other regions have a remarkable non-Spanish European immigrant heritage. Between 1930 and 1970 there appeared a renaissance of interest and popularity for folk music in Chile, initially achieved by groups such as Los Cuatro Huasos, who took folk songs from the Chilean country and arranged them vocally and with musical instruments. music. They gave several recitals in Chile and Latin America which contributed to its diffusion. Later other groups appeared such as Los de Ramon, Los Huasos Quincheros, Los Cuatro Cuartos and others who continued this diffusion. Also appearing were several Chilean folk composers such as Raul de Ramon, Margot Loyola, Luis Aguirre Pinto, Violeta Parra, Víctor Jara and others who conducted folkloric research and composed folk music still sung today.TourismFrom the Middle By the 1990s, tourism in Chile had become one of the country's main sources of income, particularly in its most extreme areas. In 2005, this sector grew by 13.6%, generating more than 500 million US dollars, the equivalent of 1.33% of the national GDP. According to the Organization.