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 6.20 6.9 6.8 6.7 6.8 6.9 percent [+]
Inflation Rate 2.70 2.8 3 3.1 3 3 percent [+]
Interest Rate 3.50 3.25 3.25 3.25 3.25 5 percent [+]
Balance of Trade 1226.87 600 800 700 600 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 660.09 685 692 699 705 806 [+]
Stock Market 21109.82 20100 19900 19700 19500 16400 points [+]
Government Bond 10y 4.14 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 240.22 241 241 241 241 295 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 14626.20 14940 14940 14825 14876 15972 USD [+]
GDP per capita PPP 22145.09 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 6.20 6.9 6.8 6.7 6.8 6.9 percent [+]
Employed Persons 8200.02 8261 8251 8247 8248 8248 Thousand [+]
Unemployed Persons 545.16 536 534 535 535 535 Thousand [+]
Employment Rate 55.90 56.12 55.96 55.91 55.94 55.95 percent [+]
Labor Force Participation Rate 59.62 59.68 59.68 59.69 59.68 59.68 percent [+]
Job Vacancies 43.60 39.58 39.34 39.24 39.2 39.16 Index Points [+]
Wages 3962.27 4025 4075 4125 4175 4775 CLP/Hour [+]
Wages in Manufacturing 150.74 153 155 157 158 178 Index Points [+]
Minimum Wages 250000.00 250000 250000 250000 276000 295000 CLP/Month [+]
Population 18.01 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 2.70 2.8 3 3.1 3 3 percent [+]
Consumer Price Index CPI 113.88 114 115 116 117 125 Index Points [+]
Core Consumer Prices 114.69 115 115 116 116 119 Index Points [+]
Core Inflation Rate 2.90 4.1 4.2 2.3 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 2.20 2 1.99 1.98 1.98 1.98 percent [+]
Producer Prices 116.72 118 119 120 120 122 Index Points [+]
Producer Prices Change 5.30 7.63 8.24 8.18 8.19 8.19 percent [+]
Cpi Transportation 107.19 106 106 106 106 106 Index Points [+]
Gdp Deflator 137.70 143 140 143 145 156 Index Points [+]
Inflation Rate Mom -0.20 0.2 0.1 0.2 0.3 0.5 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 3.50 3.25 3.25 3.25 3.25 5 percent [+]
Interbank Rate 3.68 4.1 4.11 4.11 4.11 4.11 percent [+]
Money Supply M1 29515.07 28440 28878 29316 29748 34769 CLP Billion [+]
Money Supply M2 105908.74 106467 108213 109951 111682 131829 CLP Billion [+]
Money Supply M3 185048.95 189877 193489 197083 200664 242813 CLP Billion [+]
Foreign Exchange Reserves 40483.00 39530 39483 39507 39480 39488 USD Million [+]
Banks Balance Sheet 110722.00 114441 116367 118363 120426 152956 CLP Million [+]
Loans to Private Sector 88416.00 89467 90758 92052 93336 107823 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 24633.00 25095 25045 25018 25008 25004 CLP Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 1226.87 600 800 700 600 1500 USD Million [+]
Exports 6223.82 4800 4800 4914 5100 7500 USD Million [+]
Imports 4996.95 4000 4000 4928 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 161997.85 79921 67504 57026 48349 10997 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 -395029.90 -474578 -420335 -447032 -466624 -469039 CLP Million [+]
Government Spending 4157656.00 4158556 4790942 4159454 4790045 4784720 CLP Million [+]
Government Revenues 2819473.62 2795448 2796065 2795829 2795642 2795517 CLP Million [+]
Fiscal Expenditure 3214503.49 3265228 3248445 3246121 3245607 3245665 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 41.49 41.5 41.46 41.46 41.46 41.46 [+]
Industrial Production -1.40 -3.51 -3.05 -2.79 -2.71 -2.75 percent [+]
Industrial Production Mom 3.78 -0.03 -0.06 0.03 -0.02 -0.01 percent [+]
Manufacturing Production -2.10 -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 0.80 0.51 0.56 0.57 0.58 0.58 percent [+]
Mining Production -1.90 -3.52 -2.66 -2.82 -2.81 -2.81 percent [+]
Steel Production 90.00 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 480.00 454 462 460 462 461 Thousands of Tonnes [+]
Corruption Index 70.00 71.22 71.1 70.98 70.86 71.37 Points [+]
Corruption Rank 23.00 24.45 24.14 23.84 23.54 20.95 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 37.20 37.36 37.33 37.34 37.61 37.34 [+]
Retail Sales MoM 2.40 0.63 0.75 0.78 0.77 0.77 percent [+]
Retail Sales YoY 5.00 5.66 5.54 5.58 5.6 5.6 percent [+]
Consumer Spending 20478269.00 20189015 20364708 21114400 22313521 24813313 CLP Million [+]
Consumer Credit 19958.00 19979 20212 20423 20624 22309 CLP Billion [+]
Private Sector Credit 135556.55 139703 141869 144025 146163 170373 CLP Billion [+]
Gasoline Prices 1.10 1.09 1.09 1.09 1.09 1.09 USD/Liter [+]
Bank Lending Rate 7.64 7.87 7.8 7.77 7.77 7.77 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 174.10 174 175 175 175 176 Index points [+]
Housing Starts 11033.00 10846 10814 10819 10820 10820 [+]
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. 1/16/2017