Santiago has one of the most consistent economies in Chile. It is the steady status and the rapid growth of Santiago economy that has turned the city into one of the financially strongest and most important trade centers of South America. A number of traditional trades share space with a wide range of contemporary industries to contribute to the economy of Santiago.
The economic profile of Santiago is enhanced by the fact that the city houses the offices of the Economic Commission for Latin America and the Caribbean or the ECLAC. Due to continuous investments done by a number of internationally reputed companies and the constant presence of entrepreneurs and traders, Santiago's economic status is continuously on the rise. It is no surprise that Santiago is one of the preferred investment areas for American as well as
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a number of European companies. Industries like mining, textile and clothing production, leather technologies and food processing are the traditional bedrock of Santiago economy.
The high economic status of Santiago in present times is bolstered by the presence of a number of multinational companies. The sectors are varied. New Economy sectors like computer technology and electronic industries are the largest contributors to Santiago economy. HP, Intel, IBM, Microsoft and Yahoo all have their offices in Santiago. The food processing industry continues to be a major employment generating sector with the presence of companies like Nestle and Coca-Cola.
Altogether, it is no surprise that Santiago contributes for as much as 42% of the whole of Chilean economy.
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