5 Most Advanced Countries in Latin America

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Republic of Chile

Human Development Index: 0.855

Chile is the most advanced country in Latin America, with a strong economy and a high standard of living. It has the highest Human Development Index (HDI) in the region and is a member of the OECD, a group of the world’s most developed countries with a GDP per capita of $15,158. Chile’s economy is diversified, with mining, agriculture, and services strengths. The country is a significant copper, lithium, and other minerals exporter. It is also a significant exporter of fruits, vegetables, and wine. Poverty in Chile fell from 8.0% in 2020 to 4.8% in 2022, a 40% decrease. Chile has a well-developed social welfare system, including universal healthcare and education. The country also has a solid commitment to environmental protection.

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