Magallanes the fastest and strongest growing region of Chile last year

Monday, February 24th 2014 - 06:49 UTC

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Punta Arenas, capital of Magallanes region has a strong cruise and tourism industry

Magallanes, in the extreme south of Chile plus Aysén and Tarapacá are the regions which registered the best performance in 2013 according to the country's indicator of regional economic activity, Inacer, which is released by the country's Stats Office, INE.

The performance of Magallanes region was 15.3% over 2012, while Aysèn climbed 8.1% and Tarapacá, 6.8%

Magallanes experienced a boom in mining, more specifically in the extraction of coal and oil. To this must be added the other sectors such as fishing, farming and tourism. Aysén on the other hand has seen a sustained growth in fish farming, specifically Atlantic salmon.

Finally, the growth of Tarapacá to the north of Chile is based on a poor performance in 2012 metal mining, particularly copper.

At the other end of the ranking with the least advance in 2013 are the regions of Maule, Atacama, Biobio and Los Lagos. Maule actually suffered a 0.4% contraction.

Other regions with positive growth include O'Higgins (5,7%), Araucanía (3,1%), Antofagasta (3,0%), Los Ríos (2,6%), Coquimbo (2,4%) and Valparaíso (2,2%)

Categories: Economy, Latin America.

Tags: Chile, Punta Arenas.

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CaptainSilver
Just returned from a trip there visiting Punta Arenas and Puerto Natales as well as Torres de Paine. As the article said the area exudes confidence and growing prosperity. Lots of British, German, and Australian tourist enjoying the sights and wildlife. Some really nice restaurants, coffee shops and luxury hotels too. Plus very nice welcoming people. You can still see Huasos on horseback with their dogs herding the sheep and there are plenty of wild animals and birds in a pleasant unpoluted landscape. We enjoyed our stay much more than we thought we would. Chile is a wonderful place to visit.
Feb 24th, 2014 - 02:22 pm 0
Philippe
Punta Arenas has piers, and urgently needs a REAL port.

Philippe
Feb 24th, 2014 - 04:13 pm 0
Sergio Vega
1@ Yes, last year was a good one in economic development, but sad in politics with the victory of a proved bad president......Anyway, we must go ahead with what we will have......
Ah...!!! our local tipical camp labourer is called Ovejero (shepherd). The huaso is the tipical rural labourer from the central Chile with another kind of weather and geography.......

2@ Yes, we need a real port more than 2 single docks indeed.
Hope the authorities can admit that and give us the funds to build it ASAP.....
Feb 24th, 2014 - 09:05 pm 0

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