Chile | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.60 0.4 0.3 0.5 0.7 1 percent [+]
Unemployment Rate 6.10 6.9 6.8 6.7 6.8 6.9 percent [+]
Inflation Rate 2.80 2.8 3 3.1 3 3 percent [+]
Interest Rate 3.25 3 3 3 3 5 percent [+]
Balance of Trade 719.92 600 800 700 600 1500 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 644.00 685 692 699 705 806 [+]
Stock Market 21709.15 20100 19900 19700 19500 16400 points [+]
Government Bond 10y 4.17 4.43 4.47 4.51 4.26 5.21 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.60 0.4 0.3 0.5 0.7 1 percent [+]
GDP Annual Growth Rate 1.60 1.5 1.6 1.6 1.9 2 percent [+]
GDP 240.80 241 241 241 241 295 USD Billion [+]
GDP Constant Prices 30227245.00 30548951 30710759 30931735 31095391 34068893 CLP Million [+]
Gross National Product 115136572.00 115229331 115707334 116185337 116663340 124322014 CLP Million [+]
Gross Fixed Capital Formation 6930164.00 6996840 7038603 7166745 7214527 7857221 CLP Million [+]
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 406135.30 705702 223984 233688 215709 99992 CLP Million [+]
GDP From Construction 1969396.80 2042421 2061804 1979605 2045507 2041561 CLP Million [+]
GDP From Manufacturing 2856008.40 2932590 2877830 2863040 2911761 2892611 CLP Million [+]
GDP From Mining 3335709.30 3376387 3428419 3340099 3557535 3501594 CLP Million [+]
GDP From Public Administration 1254143.50 1267396 1273898 1275871 1282591 1306741 CLP Million [+]
GDP From Services 3504467.10 3504467 3606695 3504467 3606695 3606695 CLP Million [+]
GDP From Transport 2232166.40 2320322 2343305 2385256 2411093 2759567 CLP Million [+]
GDP From Utilities 1033349.10 999066 1011999 1022829 1135288 1087908 CLP Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 6.10 6.9 6.8 6.7 6.8 6.9 percent [+]
Employed Persons 8216.87 8261 8251 8247 8248 8248 Thousand [+]
Unemployed Persons 530.88 536 534 535 535 535 Thousand [+]
Employment Rate 55.90 56.12 55.96 55.91 55.94 55.95 percent [+]
Labor Force Participation Rate 59.55 59.68 59.68 59.69 59.68 59.68 percent [+]
Job Vacancies 37.10 39.58 39.34 39.24 39.2 39.16 Index Points [+]
Wages 4007.72 4046 4100 4152 4204 4827 CLP/Hour [+]
Wages in Manufacturing 151.17 153 155 156 158 177 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 789500.00 755169 785894 758396 783006 773841 CLP/Month [+]
Living Wage Individual 428400.00 410643 425171 413285 423009 418897 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 2.80 2.8 3 3.1 3 3 percent [+]
Consumer Price Index CPI 114.49 115 116 117 118 128 Index Points [+]
Core Consumer Prices 115.23 116 117 118 118 128 Index Points [+]
Core Inflation Rate 2.70 4.1 4.2 2.31 3.8 3 percent [+]
Export Prices 86.20 87.08 87 86.96 86.98 87.01 Index Points [+]
Import Prices 78.31 79.54 77.77 78.57 78.5 78.33 Index Points [+]
Food Inflation 2.50 2.59 2.62 2.62 2.62 2.62 percent [+]
Producer Prices 119.07 118 119 120 120 122 Index Points [+]
Producer Prices Change 10.20 7.63 8.24 8.18 8.19 8.19 percent [+]
Cpi Transportation 108.15 108 108 108 108 108 Index Points [+]
Gdp Deflator 137.70 143 140 143 145 156 Index Points [+]
Inflation Rate Mom 0.50 0.2 0.1 0.2 0.3 0.5 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 3.25 3 3 3 3 5 percent [+]
Interbank Rate 3.45 3.41 3.25 3.23 3.22 3.22 percent [+]
Money Supply M1 29719.93 29594 30224 30794 31331 37648 CLP Billion [+]
Money Supply M2 106319.70 107471 109316 111154 112985 134380 CLP Billion [+]
Money Supply M3 185471.02 187631 190750 194004 197286 236012 CLP Billion [+]
Foreign Exchange Reserves 39871.80 40270 40196 40155 40153 40144 USD Million [+]
Banks Balance Sheet 110842.00 114441 116367 118363 120426 152956 CLP Million [+]
Loans to Private Sector 88273.00 89427 90696 91980 93257 107683 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 25698.00 25633 25629 25598 25585 25577 CLP Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 719.92 600 800 700 600 1500 USD Million [+]
Exports 5533.97 4800 4800 5623 5100 7500 USD Million [+]
Imports 4814.05 4000 4000 4914 4500 6000 USD Million [+]
Current Account -2772.00 -961 -2811 -1765 -1782 -1736 USD Million [+]
Current Account to GDP -2.10 -2.52 -2.62 -2.72 -2.81 -2.28 percent [+]
External Debt 161335.39 161065 161053 161053 161053 161053 USD Million [+]
Capital Flows -4110.92 -759 -2682 -2857 -1515 -2018 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 -668.45 -2194 -1693 -1338 -1963 -1813 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 -1941676.90 -713914 -553668 -490426 -615801 -662664 CLP Million [+]
Government Spending 4157656.00 4158556 4790942 4159454 4790045 4784720 CLP Million [+]
Government Revenues 3242928.62 2946319 2891019 2868511 2862542 2860527 CLP Million [+]
Fiscal Expenditure 5184605.52 3780411 3650427 3560076 3542866 3535295 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 44.88 44.43 44.41 44.4 44.4 44.4 [+]
Industrial Production 0.30 -3.51 -3.05 -2.79 -2.71 -2.75 percent [+]
Industrial Production Mom 0.20 -0.03 -0.06 0.03 -0.02 -0.01 percent [+]
Manufacturing Production -0.30 -2.86 -2.87 -2.75 -2.69 -2.67 percent [+]
Changes in Inventories -528280.00 -532657 -1260790 -536982 -1256491 -1231743 CLP Million [+]
Total Vehicle Sales 31662.00 28127 27780 27639 27565 27454 [+]
Leading Economic Index 1.20 1.13 1.07 1.09 1.09 1.09 percent [+]
Mining Production 0.30 -3.52 -2.66 -2.82 -2.81 -2.81 percent [+]
Steel Production 95.00 95.59 96.44 96.74 96.84 96.89 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 504.00 454 462 460 462 461 Thousands of Tonnes [+]
Corruption Index 70.00 71.22 71.1 70.98 70.86 71.37 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 40.10 40.46 40.86 40.82 37.61 40.83 [+]
Retail Sales MoM -2.10 0.63 0.75 0.78 0.77 0.77 percent [+]
Retail Sales YoY 4.10 5.66 5.54 5.58 5.6 5.6 percent [+]
Consumer Spending 20478269.00 20189015 20364708 21114400 22313521 24813313 CLP Million [+]
Consumer Credit 20240.00 20600 21087 21531 21948 25684 CLP Billion [+]
Private Sector Credit 135693.46 139703 141869 144025 146163 170373 CLP Billion [+]
Gasoline Prices 1.15 1.16 1.17 1.18 1.19 1.22 USD/Liter [+]
Bank Lending Rate 7.88 7.86 7.83 7.79 7.78 7.79 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 167.70 167 164 163 161 155 Index points [+]
Housing Starts 13041.00 11226 11031 11048 11049 11049 [+]
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. 2/19/2017