The Region of Magallanes, officially the XII Region of Magallanes and Chilean Antarctica, is one of Chile's 15 first order administrative divisions. It is the southernmost, largest, and second least populated region of Chile. It comprises four provinces: Última Esperanza, Magallanes, Tierra del Fuego, and Antártica Chilena.
Magallanes has many globally known places and geographical features including Torres del Paine, Cape Horn, Tierra del Fuego island, and the Strait of Magellan. It also includes the Antarctic territory claimed by Chile. Despite its large area, much of the land in the region is rugged or closed off for sheep farming, and are thus and not suitable for settlement. 80% of the population lives in the capital Punta Arenas, a major market city and one of the main hubs for Antarctic exploration.
The main economic activities are sheep farming, oil extraction, and tourism. It is also the region with the least amount of poverty in Chile (5,8%); households in Magallanes have the highest income of any region in Chile.