Chile is a stable state.
Chile . After declaring its independence from Spain in 1818 , Chile emerged in the 1830s as a relatively stable authoritarian republic . Chile is today one of South America 's most stable and prosperous nations . It leads Latin American nations in rankings of human development , competitiveness , income per capita , globalization , state of peace , economic freedom , and low perception of corruption . It also ranks high regionally in sustainability of the state , and democratic development .