Puerto Montt has gained renown and grown significantly due to the rise of Chile as the second largest salmon producer of the world during the 1990s and 2000s. However, the Chilean salmon aquaculture crisis of the late 2000s resulted at least temporarily in severe unemployment and exposed weaknesses in the local economy. The city's cultural heritage mixes elements of Chilo� culture with German heritage although the city has attracted a significant number of newcomers from all over Chile in the last 30 years due to employment opportunities
