Key View

• Chile’s strong economic recovery will support the healthcare market.
• The country’s pharmaceutical industry will continue to grow.
• Local vaccine development will facilitate booster shot access and increase pharmaceutical exports.

Real GDP growth in Chile will rebound to 8.5% in 2021 and 3.9% in 2022 on the strength of robust

Key View

• Political uncertainty and risks to political continuity will undermine Chile’s medical devices market and outweigh the benefits brought from its Covid-19 vaccine rollout.
• Dental products and orthopaedics & prosthetics will experience the fastest growth as both markets recover from Covid-19 related downturns.
• Medical device imports

Key View

• We maintain our view for strong growth in Chile's non-hydropower renewables sector over the coming decade to 2030, with the wind and solar power sub-sectors set to lead growth.
• Our positive long-term outlook is supported by several factors which will encourage non-hydro renewables capacity and generation growth, including a

Key View

• We are highlighting downside risks to Chile's Mining Regulatory Score as a presidential election and constitutional rewrite loom over the next two years which may lead to increased regulatory burden on the sector.
• We expect investors will still be attracted to the country for investment in copper projects, however, further regulatory

Key View

• Chile's multiple vaccination deals will help the country inoculate the majority of its population.
• The country's lawmakers propose to make the Covid-19 vaccine mandatory.
• Chile's relatively high healthcare spending per capita has helped the country have a strong Covid-19 response.

Chile is the first country in Latin America to

Key View

• The proposed re-write of Chile’s constitution will have a focus on healthcare.
• The vote to overhaul the constitution will introduce a high level of uncertainty into Chilean politics.
• Healthcare spending as a percentage of GDP expected to increase over the short-to-long term.

In late October 2020, an overwhelming majority voted in