 The ease of doing business index, created by the World Bank, listed Chile as 34th in the world as of 2014, 41st for 2015, and 48th as of 2016.The privatized national pension system (AFP) has an estimated total domestic savings rate of approximately 21% of GDP.After Spanish arrival in the 15th century Chilean economy came to revolve around autarchy estates called fundos and around the army that was engaged in the Arauco War.