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The economy of Chile is the highest developed one in South America. According to the world bank, it is a high-income economy and the 30th most competitive economy in the world. It is a mixed economy consisting of both private and public businesses. In 2014 its nominal GDP was more than 257 billion. It is also the first Latin American country to become a member of the OECD. In the Chilean economy, the share of the Services sector is 52 percent, while that of the Agricultural sector is 5.1 percent. The leading industries of the Chilean economy are Minerals, Wood Products, and Cement