market-entry-mobile-and-tablet-accessories-market-in-chile
Published

November 2016

Market Entry - Mobile and Tablet Accessories Market in Chile: Analysis of Growth, Trends and Progress (2016 - 2021)

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About the Market

Mobile and Tablets industry are one of the fast growing sector in India and accounted for 6.1 percent of India’s GDP in 2014 .Increasing macro-economic imbalances and improving economic condition in the western countries led to huge shift in investments, away from the country. But in the year 2014, various initiatives taken by the government towards reduction in the current account deficit and various economic reforms has led to rise investment inflow in the developing counties including India, thereby improving the economic growth of the country. Social networking and development of various applications in almost every sector have marked a huge shift and robust demand in the market and thereby led to digitalized culture. Declining device prices, growing online retail market and the millennial populations are contributing to the growth to a large extent. Apple ,Samsung ,Lenovo are some of the key players in the market.

About the Geography

Chile is recognized as one of the most stable, open and competitive economies in Latin America. With a presidential republic at its helm, the recent success of the Chilean economy is based on the export of copper.

With the continued drop in copper prices since 2014, Chile has experienced its second consecutive year of slow growth, elevated inflation and a depreciating currency. To counter this sluggish growth, Chile’s policymakers have been actively seeking foreign investment that shall provide the needed capital and technology for economic development. Chile withdrew from the ANCOM (Andean Common Market) in order to be free from restrictions on foreign investment. Regional incentives are available granting certain benefits, to promote investment in these areas and an all-round development of the country.

Negotiations made mostly in Spanish and weak IPR enforcement are challenges of conducting business in Chile. However, the strengths of the market, which include an open economy, commitment to free trade, a well-developed financial market and economic structure, seem to stand tall among these challenges.

Component Name

Unit

From Site

GDP

USD billion

240

GDP Annual Growth Rate

%

1.5

GDP Per Capita

USD

14626

Employment Rate

%

55.26

Wages

USD/Month

374.858

Inflation Rate

%

3.1

Consumer Price Index (CPI)

Index Points

114

Interest Rate

%

3.5

Loans to Private Sector

USD million/billion

131.831 million

Balance of Trade

USD million/billion

146 USD million

Business Confidence

(No Units)

43.63

Manufacturing Production

%

2.4

Ease of Doing Business

(No Units)

48

Competitiveness Rank

(No Units)

33

Corruption Rank

(No Units)

23

                    Consumer Confidence                   

(No Units)

31.5

Consumer Spending

USD million/billion

29,630.824 million

Bank Lending Rate (Consumers)

%

6.88

Corporate Tax Rate

%

22.5

Sales Tax Rate

%

19

 

The Market Entry Series

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Your report will be delivered with in 24-48 hours, after including the new developments in the market.

Purchase Report

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