quality:corruption, structural:scholar_edition
21st century

In December 1993, Christian Democrat Eduardo Frei Ruiz-Tagle, the son of previous president Eduardo Frei Montalva, led the Concertación coalition to victory with an absolute majority of votes (58%). Frei Ruiz-Tagle was succeeded in 2000 by Socialist Ricardo Lagos, who won the presidency in an unprecedented runoff election against Joaquín Lavín of the rightist Alliance for Chile. In January 2006, Chileans elected their first female president, Michelle Bachelet Jeria, of the Socialist Party, defeating Sebastián Piñera, of the National Renewal party, extending the Concertación governance for another four years. In January 2010, Chileans elected Sebastián Piñera as the first rightist President in 20 years, defeating former President Eduardo Frei Ruiz-Tagle of the Concertación, for a four-year term succeeding Bachelet. Due to term limits, Sebastián Piñera did not stand for re-election in 2013, and his term expired in March 2014 resulting in Michelle Bachelet returning to office. Sebastián Piñera succeeded Bachelet again in 2018 as the President of Chile after winning the December 2017 presidential election.

On 27 February 2010, Chile was struck by an 8.8 M earthquake, the fifth largest ever recorded at the time. More than 500 people died (most from the ensuing tsunami) and over a million people lost their homes. The earthquake was also followed by multiple aftershocks. Initial damage estimates were in the range of US$15–30 billion, around 10% to 15% of Chile's real gross domestic product.

Chile achieved global recognition for the successful rescue of 33 trapped miners in 2010. On 5 August 2010, the access tunnel collapsed at the San José copper and gold mine in the Atacama Desert near Copiapó in northern Chile, trapping 33 men 700 meters (2,300 ft) below ground. A rescue effort organized by the Chilean government located the miners 17 days later. All 33 men were brought to the surface two months later on 13 October 2010 over a period of almost 24 hours, an effort that was carried on live television around the world.

2019–20 Chilean protests are a series of country-wide protests in response to a rise in the Santiago Metro 's subway fare, the increased cost of living, privatization and inequality prevalent in the country. On 15 November, most of the political parties represented in the National Congress signed an agreement to call a national referendum in April 2020 regarding the creation of a new Constitution, later postponed to October due to the COVID-19 pandemic. On 25 October 2020, Chileans voted 78.28 per cent in favor of a new constitution, while 21.72 per cent rejected the change. Voter turnout was 51 percent. An election for the members of the Constitutional Convention was held in Chile between 15 and 16 May 2021.

On 19 December 2021, a leftist candidate, the 35-year-old former student protest leader Gabriel Boric, won Chile's presidential election to become the country's youngest ever leader. On 11 March 2022, Boric was sworn in as president to succeed outgoing President Sebastian Piñera. Out of 24 members of Gabriel Boric's female-majority Cabinet, 14 are women.

On 4 September 2022, voters rejected the new constitution proposal in the constitutional referendum, which was put forward by the left-leaning Constitutional Convention. On 17 December 2023, voters rejected a second new constitution proposal in a new constitutional referendum, written by the conservative-led Constitutional Council.