Chile | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.60 0.2 0.4 0.3 0.5 1 percent [+]
Unemployment Rate 6.40 6.9 6.9 6.8 6.7 6.9 percent [+]
Inflation Rate 2.80 3.5 3.3 3.3 3.4 3 percent [+]
Interest Rate 3.50 3.5 3.5 3.5 3.5 5 percent [+]
Balance of Trade -234.00 200 600 800 700 1500 USD Million [+]
Government Debt to GDP 17.50 19.36 19.69 20.02 20.35 20.07 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 670.58 683 690 697 704 812 [+]
Stock Market 20991.27 20700 20500 20300 20100 16700 points [+]
Government Bond 10y 4.53 4.61 4.65 4.7 4.74 5.47 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.60 0.2 0.4 0.3 0.5 1 percent [+]
GDP Annual Growth Rate 1.60 1.4 1.5 1.6 1.6 2 percent [+]
GDP 240.22 233 241 241 241 295 USD Billion [+]
GDP Constant Prices 30227245.00 30452445 30633903 30824587 31058981 34416331 CLP Million [+]
Gross National Product 115136572.00 116663340 117138834 117614328 118089822 124322014 CLP Million [+]
Gross Fixed Capital Formation 6930164.00 7280241 6996840 7038603 7166745 7857221 CLP Million [+]
GDP per capita 14626.20 14820 14940 14940 15065 15972 USD [+]
GDP per capita PPP 22145.09 22445 22645 22645 22645 24500 USD [+]
GDP From Agriculture 406135.30 209174 705702 223984 233688 99992 CLP Million [+]
GDP From Construction 1969396.80 2048956 2042421 2061804 1979605 2041561 CLP Million [+]
GDP From Manufacturing 2856008.40 2940030 2932590 2877830 2863040 2892611 CLP Million [+]
GDP From Mining 3335709.30 3591778 3376387 3428419 3340099 3501594 CLP Million [+]
GDP From Public Administration 1254143.50 1264471 1267396 1273898 1275871 1306741 CLP Million [+]
GDP From Services 3504467.10 3606695 3504467 3606695 3504467 3606695 CLP Million [+]
GDP From Transport 2232166.40 2361789 2320322 2343305 2385256 2759567 CLP Million [+]
GDP From Utilities 1033349.10 1164341 999066 1011999 1022829 1087908 CLP Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 6.40 6.9 6.9 6.8 6.7 6.9 percent [+]
Employed Persons 8104.87 8147 8147 8143 8142 8143 Thousand [+]
Unemployed Persons 586.78 575 576 575 576 576 Thousand [+]
Employment Rate 55.41 55.54 55.54 55.53 55.53 55.53 percent [+]
Labor Force Participation Rate 59.43 59.45 59.46 59.46 59.46 59.46 percent [+]
Job Vacancies 32.80 38.56 37.7 37.36 37.22 37.11 Index Points [+]
Wages 3917.79 3969 4018 4069 4119 4773 CLP/Hour [+]
Wages in Manufacturing 150.34 149 150 152 153 178 Index Points [+]
Minimum Wages 250000.00 250000 250000 250000 250000 295000 CLP/Month [+]
Population 18.01 18.19 18.24 18.28 18.33 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 363903 357398 352368 348479 335693 CLP/Month [+]
Wages High Skilled 1210400.00 1192002 1186398 1182337 1179393 1171760 CLP/Month [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 2.80 3.5 3.3 3.3 3.4 3 percent [+]
Consumer Price Index CPI 114.05 115 115 116 117 128 Index Points [+]
Core Consumer Prices 114.48 115 115 116 116 120 Index Points [+]
Core Inflation Rate 3.00 4.2 4.1 4.2 2.17 3 percent [+]
Export Prices 86.20 86.85 87.08 87 86.96 87.01 Index Points [+]
Import Prices 78.31 79 79.54 77.77 78.57 78.33 Index Points [+]
Food Inflation 2.80 2.74 2.73 2.71 2.71 2.71 percent [+]
Producer Prices 110.00 110 110 110 110 110 Index Points [+]
Producer Prices Change -3.90 -3.43 -3.51 -3.49 -3.49 -3.49 percent [+]
Cpi Transportation 105.99 106 106 106 106 106 Index Points [+]
Gdp Deflator 137.70 140 143 140 143 156 Index Points [+]
Inflation Rate Mom 0.20 0.3 0.2 0.1 0.2 0.5 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 3.50 3.5 3.5 3.5 3.5 5 percent [+]
Interbank Rate 4.07 4.06 4.1 4.11 4.11 4.11 percent [+]
Money Supply M1 27326.45 28483 29066 29681 30320 40253 CLP Billion [+]
Money Supply M2 103340.93 105422 107596 109854 112179 147616 CLP Billion [+]
Money Supply M3 182452.75 186586 190581 194749 199078 267905 CLP Billion [+]
Foreign Exchange Reserves 39017.70 39050 38981 38934 38944 38933 USD Million [+]
Banks Balance Sheet 110257.00 115055 117017 119148 121417 158523 CLP Million [+]
Loans to Private Sector 87589.00 88817 90176 91553 92923 109693 CLP Billion [+]
Deposit Interest Rate 3.60 3.94 3.96 3.97 3.98 4 percent [+]
Private Debt to GDP 198.79 197 197 197 196 195 percent [+]
Central Bank Balance Sheet 25497.00 25285 25283 25266 25254 25242 CLP Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -234.00 200 600 800 700 1500 USD Million [+]
Exports 4530.40 4900 4800 4800 4610 7500 USD Million [+]
Imports 4764.74 4200 4000 4000 4770 6000 USD Million [+]
Current Account -2772.00 -961 -2811 -1765 -1782 -1736 USD Million [+]
Current Account to GDP -2.10 -2.81 -2.63 -2.45 -2.26 -2.28 percent [+]
External Debt 12023.69 11999 12010 12011 12010 12010 USD Million [+]
Capital Flows -4110.92 -1523 -759 -2682 -2857 -2018 USD Million [+]
Remittances 923.00 1059 1044 1028 1013 1139 USD Million [+]
Gold Reserves 0.25 0.25 0.25 0.25 0.25 0.25 Tonnes [+]
Terms Of Trade 111.50 109 109 111 110 110 Index Points [+]
Terrorism Index 2.70 2.43 2.43 2.42 2.42 2.44 [+]
Foreign Direct Investment -668.45 -2326 -2194 -1693 -1338 -1813 USD Million [+]
Crude Oil Production 5.00 5.85 5.79 5.82 5.83 5.82 BBL/D/1K [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 17.50 19.36 19.69 20.02 20.35 20.07 percent [+]
Government Budget -2.20 -0.87 -0.52 -0.17 0.16 1.19 percent of GDP [+]
Government Budget Value -879952.60 -530748 -426481 -381848 -421392 -444313 CLP Million [+]
Government Spending 4157656.00 4791841 4158556 4790942 4159454 4784720 CLP Million [+]
Government Revenues 2752145.01 2782431 2783401 2781142 2779882 2779158 CLP Million [+]
Fiscal Expenditure 3632097.61 3296504 3273342 3253550 3250676 3249431 CLP Million [+]
Military Expenditure 5070.80 5172 5139 5106 5116 5261 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 42.73 42.67 42.59 42.59 42.59 42.59 [+]
Industrial Production -7.40 -0.92 -5.58 -2.16 -2.42 -1.4 percent [+]
Industrial Production Mom -4.57 0 -0.29 -0.05 0 -0.05 percent [+]
Manufacturing Production -6.90 -0.88 -0.06 0.75 1.71 2.89 percent [+]
Changes in Inventories -528280.00 -1265142 -532657 -1260790 -536982 -1231743 CLP Million [+]
Total Vehicle Sales 25552.00 28106 27366 27369 27437 27538 [+]
Leading Economic Index 1.40 1.59 1.69 1.72 1.72 1.72 percent [+]
Mining Production -9.20 -3.58 -4.63 -3.89 -4.09 -4.05 percent [+]
Steel Production 90.00 94.48 96.41 97.01 97.22 97.33 Thousand Tonnes [+]
Ease of Doing Business 57.00 52.18 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 445.10 458 454 456 456 456 Thousands of Tonnes [+]
Corruption Index 70.00 70.86 70.85 70.85 70.84 71.37 Points [+]
Corruption Rank 23.00 23.54 23.64 23.74 23.85 20.95 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 33.40 33.39 33.67 33.63 33.64 33.63 [+]
Retail Sales MoM -0.30 0.67 0.49 0.54 0.55 0.56 percent [+]
Retail Sales YoY 5.10 6.34 5.57 5.44 5.47 5.5 percent [+]
Consumer Spending 20478269.00 21534692 20189015 20364708 21114400 24813313 CLP Million [+]
Consumer Credit 19533.00 19769 20020 20263 20486 22484 CLP Billion [+]
Private Sector Credit 135618.73 138806 141222 143619 145996 175250 CLP Billion [+]
Gasoline Prices 1.10 1.1 1.1 1.1 1.1 1.11 USD/Liter [+]
Bank Lending Rate 7.68 8.1 8.33 8.25 8.19 8.19 percent [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Housing Index 174.10 174 174 175 175 176 Index points [+]
Housing Starts 7404.00 10805 10897 10867 10869 10870 [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/3/2016