Santiago is the capital and largest city of Chile. Santiago is the industrial and financial centre of Chile, and generates almost half the country's GDP. Chile is in Southern South America, bordering the South Pacific Ocean, between Argentina and Peru. The climate is temperate. There is desert in the north, mediterranean in the central region, and a cool and damp climate in the south. The official language is Spanish. Many Chilean business people are well educated and speak English. Some knowledge of Spanish is appreciated. Chilean Spanish is fast, with word-endings often unpronounced, and it can be difficult for foreigners to understand. Indigenous languages, such as Aymara and Mapuche, are also spoken, but business people are unlikely to encounter them. Easter Islanders speak the Polynesian language Rapa Nui. The main religion is Christianity. The economy of Chile is a dynamic market-oriented economy characterized by a high level of foreign trade. Chile is culture is Catholic and conservative, for example it is expected to use formal titles unless invited to use first names. Expatriate business dress is conservative. Men typically wear dark suits, and women a dress or a skirt and blouse. The security risk for expatriates in Chile is low overall. Risks include petty crime such as pickpockets, particularly in Santiago, as well as burglaries and those associated with demonstrations. Other risks include earthquakes and volcanoes. The currency of Chile is the Chilean Peso (CLP). Credit cards are accepted in most large shops and hotels. Medical facilities are good in Santiago and other major cities, but private clinics and hospitals are expensive for expatriates. Air pollution in Santiago during winter is significant. Cases of meningitis have been reported. The population of Santiago is 6.3 Million (2018 est.), while the inflation rate (CPI) is 1.9% for Chile as at April 2018. For a single Expat, the personal income tax rate in Chile is progressive up to 35.5%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Santiago, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Santiago as at 1 April 2018 is average in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Low 2) Clothing: High 3) Communication: Very High 4) Education: Average 5) Furniture & Appliances: Very High 6) Groceries: Average 7) Healthcare: Average 8) Household Accommodation: Average 9) Miscellaneous: Very High 10) Personal Care: High 11) Recreation & Culture: Average 12) Restaurants Meals Out and Hotels: Average 13) Transport: Low Santiago is for example 12.8% more expensive than Houston TX for groceries, 18% more expensive for household costs than Kuala Lumpur, and 4.2% more expensive for transport costs than Dubai. The hardship premium for Santiago for an expat from Perth, is for example 20%, i.e. host location (Santiago) premium of 30% minus home (Perth) location premium of 10%. Santiago is ranked as a high degree of hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Santiago? Register subscribe to your home location and Santiago and run your personalised reports.