Chile has experienced steady economic growth averaging 5% annually over the past decade. GDP per capita reached $9,876 in 2007. Going forward, GDP growth is forecast to moderate to an annual average of 4.1% through 2012, driven by domestic demand and strong investment. Inflation will remain Chile's primary macroeconomic challenge, with consumer price rises averaging 8.4% in 2008 before returning to the 3% target range by 2010. Chile also maintains prudent fiscal balances and a competitive business environment, supported by its extensive network of free trade agreements, making it Latin America's most attractive market for private investment.