Chile | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate -0.40 0.4 0.6 0.7 0.9 1.5 percent [+]
Unemployment Rate 6.20 6.4 6.7 6.8 6.4 6.9 percent [+]
Inflation Rate 2.70 2.8 3.1 2.8 2.6 3 percent [+]
Interest Rate 3.00 3 3 3 3 5 percent [+]
Balance of Trade 236.10 100 600 450 350 700 USD Million [+]
Government Debt to GDP 17.50 17.08 17.84 18.6 19.36 20.07 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 664.92 657 663 670 683 780 [+]
Stock Market 24335.42 21700 21500 21300 20800 17500 points [+]
Government Bond 10y 4.12 4.19 4.23 4.27 4.32 4.98 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate -0.40 0.4 0.6 0.7 0.9 1.5 percent [+]
GDP Annual Growth Rate 0.50 1.4 1.6 1.8 2.1 2 percent [+]
GDP 240.80 241 241 241 241 295 USD Billion [+]
GDP Constant Prices 36477.00 36701 36954 37204 37466 40593 CLP Billion [+]
Gross National Product 141794.36 77010442 80981323 84952204 88923084 106145728 CLP Million [+]
Gross Fixed Capital Formation 8813.00 6956040 6982600 7054300 7154530 7457220 CLP Billion [+]
GDP per capita 14660.51 14940 14940 14825 14876 15972 USD [+]
GDP per capita PPP 22197.04 22645 22645 22645 22645 24500 USD [+]
GDP From Agriculture 953.50 967 966 966 966 966 CLP Billion [+]
GDP From Construction 2705.10 2432 2701 2436 2698 2677 CLP Billion [+]
GDP From Manufacturing 3802.70 3789 3781 3766 3787 3780 CLP Billion [+]
GDP From Mining 3897.10 3315510 3713 3660 3835 3766 CLP Billion [+]
GDP From Public Administration 1733.90 1747 1740 1752 1743 1744 CLP Billion [+]
GDP From Services 3752.50 3576 3751 3577 3750 3744 CLP Billion [+]
GDP From Transport 3129.20 3069 3105 3092 3148 3140 CLP Billion [+]
GDP From Utilities 1005.70 944 918 940 982 957 CLP Billion [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 6.20 6.4 6.7 6.8 6.4 6.9 percent [+]
Employed Persons 8230.37 8222 8210 8208 8210 8209 Thousand [+]
Unemployed Persons 545.83 554 565 575 535 570 Thousand [+]
Employment Rate 55.94 55.83 55.7 55.71 55.74 55.73 percent [+]
Labor Force Participation Rate 59.65 59.69 59.66 59.68 59.67 59.67 percent [+]
Job Vacancies 32.50 28.11 26.94 26.37 26.13 25.91 Index Points [+]
Wages 4054.33 4074 4131 4185 4240 4892 CLP/Hour [+]
Wages in Manufacturing 152.01 153 155 157 158 178 Index Points [+]
Minimum Wages 265000.00 250000 250000 261854 276000 295000 CLP/Month [+]
Population 18.19 18.05 18.1 18.14 18.19 18.94 Million [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Living Wage Family 521764.60 531882 532162 532169 532169 532170 CLP/Month [+]
Living Wage Individual 407760.50 416763 413618 414717 414333 414432 CLP/Month [+]
Wages Low Skilled 383200.00 357398 352368 348479 345472 335693 CLP/Month [+]
Wages High Skilled 1210400.00 1186398 1182337 1179393 1177260 1171760 CLP/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 2.70 2.8 3.1 2.8 2.6 3 percent [+]
Consumer Price Index CPI 114.76 115 116 117 117 127 Index Points [+]
Core Consumer Prices 115.49 116 117 117 118 127 Index Points [+]
Core Inflation Rate 2.30 4.1 4.2 1.64 3.8 3 percent [+]
Export Prices 83.90 81.99 81.72 81.96 82.01 81.85 Index Points [+]
Import Prices 83.85 86.68 83.76 83.33 84.74 84.87 Index Points [+]
Food Inflation 3.50 3.42 3.39 3.38 3.38 3.38 percent [+]
Producer Prices 104.85 105 105 106 107 110 Index Points [+]
Producer Prices Change 8.70 8.34 8.42 8.41 8.41 8.41 percent [+]
Cpi Transportation 108.43 108 108 108 108 108 Index Points [+]
Inflation Rate Mom 0.20 0.4 0.6 0.4 0.2 0.6 percent [+]
Gdp Deflator 137.70 143 140 143 145 156 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 3.00 3 3 3 3 5 percent [+]
Interbank Rate 3.44 3.39 3.28 3.26 3.25 3.25 percent [+]
Money Supply M1 29167.13 29379 30040 30609 31131 37289 CLP Billion [+]
Money Supply M2 104804.70 104851 106419 107964 109500 127262 CLP Billion [+]
Money Supply M3 186170.63 186987 189861 192979 196153 233712 CLP Billion [+]
Foreign Exchange Reserves 39709.90 40078 39958 39918 39909 39904 USD Million [+]
Banks Balance Sheet 113912.00 115818 117302 118706 120047 132071 CLP Million [+]
Loans to Private Sector 87634.00 88218 89135 90203 91286 103326 CLP Billion [+]
Deposit Interest Rate 3.60 4.25 4.15 4.05 3.94 4 percent [+]
Private Debt to GDP 198.79 197 197 197 196 195 percent [+]
Central Bank Balance Sheet 25243.00 25567 25560 25524 25508 25498 CLP Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 236.10 100 600 450 350 700 USD Million [+]
Exports 4716.06 4500 4100 4400 4300 6000 USD Million [+]
Imports 4479.97 4400 4700 4850 4650 5300 USD Million [+]
Current Account -700.00 734 -514 -1580 -475 -408 USD Million [+]
Current Account to GDP -1.40 -1.63 -1.78 -1.94 -2.1 -2.01 percent [+]
External Debt 162044.09 162033 162032 162032 162032 162032 USD Million [+]
Capital Flows 433.01 17.92 -1794 -1422 5.79 -787 USD Million [+]
Remittances 923.00 939 979 1019 1059 1139 USD Million [+]
Gold Reserves 0.25 0.25 0.25 0.25 0.25 0.25 Tonnes [+]
Terms Of Trade 111.50 109 111 110 109 110 Index Points [+]
Terrorism Index 2.70 3.22 2.95 2.69 2.43 2.44 [+]
Foreign Direct Investment -230.79 -2091 -1260 -846 -770 -1105 USD Million [+]
Crude Oil Production 5.00 5.79 5.82 5.83 5.82 5.82 BBL/D/1K [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 17.50 17.08 17.84 18.6 19.36 20.07 percent [+]
Government Budget -2.20 -0.62 -0.7 -0.78 -0.87 1.19 percent of GDP [+]
Government Budget Value 541151.40 -614452 -315107 -334979 -524962 -571917 CLP Million [+]
Government Spending 5367.00 4822 5366 4823 5366 5363 CLP Billion [+]
Government Revenues 3466940.23 3088503 2976487 2969643 2970614 2973246 CLP Million [+]
Fiscal Expenditure 2925788.80 3815603 3602738 3506287 3485860 3478750 CLP Million [+]
Military Expenditure 5070.80 5172 5139 5106 5116 5261 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 45.98 45.69 45.55 45.57 45.56 45.56 [+]
Industrial Production -0.90 -1.35 -1.03 -0.91 -0.83 -0.83 percent [+]
Industrial Production Mom -2.30 -0.01 -0.27 0.02 -0.02 -0.03 percent [+]
Manufacturing Production -1.10 -0.7 -0.69 -0.58 -0.53 -0.51 percent [+]
Changes in Inventories -1682.00 -751 -1678 -755 -1674 -1649 CLP Billion [+]
Total Vehicle Sales 23805.00 27466 27039 27244 27407 27615 [+]
Leading Economic Index 1.70 1.62 1.49 1.51 1.52 1.51 percent [+]
Mining Production -1.90 -3.1 -2.14 -2.25 -2.24 -2.24 percent [+]
Steel Production 90.00 91.92 94.78 95.56 95.83 95.98 Thousand Tonnes [+]
Ease of Doing Business 57.00 52.53 52.88 53.23 53.59 48.33 [+]
Competitiveness Index 4.64 4.56 4.56 4.56 4.56 4.54 Points [+]
Competitiveness Rank 33.00 34 34 34 36 36 [+]
Copper Production 452.00 465 476 467 473 472 Thousands of Tonnes [+]
Corruption Index 66.00 69 69 68 68 75 Points [+]
Corruption Rank 24.00 24.45 24.14 23.84 23.54 20.95 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 37.00 36.62 36.83 36.84 37.61 36.82 [+]
Retail Sales MoM -24.90 2.31 -2.1 1.04 0.9 0.84 percent [+]
Retail Sales YoY 3.80 3.47 3.63 3.69 3.71 3.73 percent [+]
Consumer Spending 24338.00 23444 23476 23393 24661 24871 CLP Billion [+]
Consumer Credit 20254.00 20509 20944 21351 21726 25119 CLP Billion [+]
Private Sector Credit 137643.01 139849 142054 144244 146416 171088 CLP Billion [+]
Bank Lending Rate 8.84 9.01 9.41 9.33 9.22 9.21 percent [+]
Gasoline Prices 1.15 1.16 1.17 1.18 1.19 1.22 USD/Liter [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 167.70 167 164 163 161 155 Index points [+]
Housing Starts 11042.00 11128 10981 10991 10991 10991 [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 24.00 24 24 24 24 24 percent [+]
Personal Income Tax Rate 40.00 40 40 40 40 40 percent [+]
Sales Tax Rate 19.00 19 19 19 19 19 percent [+]
Social Security Rate 7.00 7 7 7 7 7 percent [+]
Social Security Rate For Employees 7.00 7 7 7 7 7 percent [+]





Economic Forecasts for Chile including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Chile economy. 3/28/2017