Markets Actual Q3 Q4 Q1 Q2 2021
Currency 779.57 780 787 795 803 818
Stock Market (points) 20076.97 19383 18865 18362 17872 16892
Government Bond 10y (%) 2.35 2.36 2.42 2.48 2.54 2.66

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) 3.00 9 -1 0.5 0.6 0.6
GDP Annual Growth Rate (%) 0.40 -4.8 -2.5 1.5 2 3.5
Unemployment Rate (%) 12.20 11 10.8 10.3 9.8 9.3
Inflation Rate (%) 2.50 3.1 3.1 3.2 3.1 3
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 0.75
Balance of Trade (USD Million) 1170.00 1100 1100 1000 600 500
Current Account (USD Million) -969.04 -2500 -1000 -900 -900 -1200
Current Account to GDP (%) -3.90 -4.1 -4.1 -4.3 -4.3 -2.4
Government Debt to GDP (%) 27.90 30 30 32 32 32
Government Budget (% of GDP) -1.60 -4.5 -4.5 -2.5 -2.5 -2.5
Business Confidence (points) 37.80 38 43 44 45 47
Consumer Confidence (points) 21.20 21 21.6 22 25 31
Retail Sales MoM (%) -0.80 -3 -1 -25 -6 10
Corporate Tax Rate (%) 27.00 27 27 27 27 27
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) 3.00 9 -1 0.5 0.6 0.6
GDP Annual Growth Rate (%) 0.40 -4.8 -2.5 1.5 2 3.5
GDP (USD Billion) 282.30 255 255 270 270 270
GDP Constant Prices (CLP Billion) 39017.23 38530 37237 39602 39798 38540
Gross National Product (CLP Billion) 148852.82 143332 146371 151086 151830 151494
Gross Fixed Capital Formation (CLP Billion) 7674.41 8015 9704 7790 7828 10044
GDP per capita (USD) 15091.50 14650 14650 15000 15000 15000
GDP per capita PPP (USD) 24226.15 23430 23430 24080 24080 24080
GDP From Agriculture (CLP Billion) 1893.07 521 1002 1921 1931 1037
GDP From Construction (CLP Billion) 2300.11 2315 2921 2335 2346 3023
GDP From Manufacturing (CLP Billion) 4041.73 3833 4055 4102 4123 4197
GDP From Mining (CLP Billion) 3741.81 3847 3921 3798 3817 4059
GDP From Public Administration (CLP Billion) 1824.49 1766 1796 1852 1861 1858
GDP From Services (CLP Billion) 3666.39 3712 3835 3721 3740 3969
GDP From Transport (CLP Billion) 1870.65 1944 1934 1899 1908 2002
GDP From Utilities (CLP Billion) 1050.97 1022 1070 1067 1072 1108

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 12.20 11 10.8 10.3 9.8 9.3
Employed Persons (Thousand ) 7142.39 7440 7800 8100 8500 8600
Unemployed Persons (Thousand ) 996.91 930 900 870 860 750
Employment Rate (%) 45.60 47.4 47.9 50.5 51.5 55.9
Labor Force Participation Rate (%) 51.90 53.4 53.8 54.5 55 61.5
Wages (CLP/Hour) 5060.35 5080 5090 5100 5120 5180
Wages in Manufacturing (points) 119.89 118 119 118 117 120
Minimum Wages (CLP/Month) 320500.00 320500 320500 340000 340000 340000
Population (Million) 19.11 18.73 19.51 19.51 19.51 19.89
Retirement Age Women 60.00 60 60 60 60 60
Retirement Age Men 65.00 65 65 65 65 65

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 2.50 3.1 3.1 3.2 3.1 3
Consumer Price Index CPI (points) 104.89 106 107 108 108 110
Core Consumer Prices (points) 104.25 106 126 107 107 130
Core Inflation Rate (%) 2.00 3 2.9 2.8 2.8 2.6
Food Inflation (%) 6.80 5.3 4.5 4 3.5 3.5
Inflation Rate Mom (%) 0.10 0.2 0.3 0.2 0.2 0.3
Producer Prices (points) 118.60 116 123 120 119 127
Producer Prices Change (%) 4.10 1.5 1.8 2.1 2.5 3
CPI Transportation (points) 102.86 104 107 108 107 110

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 0.75
Interbank Rate (%) 0.25 0.45 0.45 0.45 0.45 0.45
Foreign Exchange Reserves (USD Million) 37298.30 40100 40300 40300 40300 41700
Banks Balance Sheet (CLP Million) 164944.00 166000 168000 169000 167000 162000
Deposit Interest Rate (%) 2.53 3.3 3.3 3.3 3.3 3.3
Private Debt to GDP (%) 205.50 210 210 207 207 207
Central Bank Balance Sheet (CLP Million) 37143.00 39000 40300 41000 40000 36000

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) 1170.00 1100 1100 1000 600 500
Current Account (USD Million) -969.04 -2500 -1000 -900 -900 -1200
Current Account to GDP (%) -3.90 -4.1 -4.1 -4.3 -4.3 -2.4
Imports (USD Million) 4022.62 5100 5200 5400 5600 6000
Exports (USD Million) 5413.76 6200 6300 6400 6200 6500
External Debt (USD Million) 206331.19 208000 211000 211000 211000 223000
Capital Flows (USD Million) -2928.26 -1400 -1400 -1400 -1400 -2205
Tourist Arrivals (Persons) 0.00 50000 80000 100000 160000 230000
Foreign Direct Investment (USD Million) -4448.68 -700 -600 -600 -600 -500

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 27.90 30 30 32 32 32
Government Budget (% of GDP) -1.60 -4.5 -4.5 -2.5 -2.5 -2.5
Government Budget Value (CLP Million) -1963624.90 -300000 -300000 -300000 -300000 -285724
Government Spending (CLP Billion) 4387.36 5439 5452 4453 4475 5643
Government Revenues (CLP Million) 2249732.80 3300000 3300000 3300000 3300000 3296774
Fiscal Expenditure (CLP Million) 4213357.65 3600000 3600000 3600000 3600000 3582498
Military Expenditure (USD Million) 5382.00 5100 5100 5100 5100 5100

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 27.00 27 27 27 27 27
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 19.00 19 19 19 19 19
Social Security Rate (%) 24.60 24.6 24.6 24.6 24.6 24.6
Social Security Rate For Employees (%) 17.60 17.6 17.6 17.6 17.6 17.6

Business Actual Q3 Q4 Q1 Q2 2021
Business Confidence (points) 37.80 38 43 44 45 47
Industrial Production (%) -2.60 0.3 1.1 1.5 1.7 2.7
Industrial Production Mom (%) 0.10 0.3 0.5 0.2 0.6 1.1
Manufacturing Production (%) -8.30 0.5 1.5 1.8 2 2.2
Changes in Inventories (CLP Billion) 1027.24 600 -300 -300 -300 -200
Total Vehicle Sales 8971.00 16000 25000 29000 31000 35000
Leading Economic Index (%) -12.40 -1.3 0.5 1.7 8 4.5
Mining Production (%) 2.10 1.8 2.2 2.2 2.4 3.7
Copper Production (Thousands of Tonnes) 472.20 460 510 490 490 550

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) 21.20 21 21.6 22 25 31
Retail Sales MoM (%) -0.80 -3 -1 -25 -6 10
Retail Sales YoY (%) -24.00 -1 0.8 1.7 2 2.5
Consumer Spending (CLP Billion) 24258.08 24446 25050 24622 24743 25927
Consumer Credit (CLP Billion) 25782.00 26077 27071 27458 26889 28019
Private Sector Credit (CLP Billion) 184193.24 165332 171288 184389 186221 177283
Gasoline Prices (USD/Liter) 0.99 0.93 0.88 0.84 0.8 0.76
Households Debt To GDP (% of GDP) 47.30 47.4 47.9 47.9 47.9 49.2
Bank Lending Rate (%) 4.58 4.81 4.81 4.81 4.81 4.81

Housing Actual Q3 Q4 Q1 Q2 2021
Housing Index (points) 205.00 197 197 197 197 199
Building Permits (Units) 4241.00 11000 12000 12000 12000 13000


This page has 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.