Markets Actual Q1 Q2 Q3 Q4 2022
Currency 721.90 730 737 744 751 765
Stock Market (points) 23403.58 22779 22170 21578 21002 19851
Government Bond 10y (%) 3.18 3.26 3.34 3.42 3.51 3.68

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 5.20 1.5 0.6 0.8 0.6 0.6
GDP Annual Growth Rate (%) -9.10 -1 9 6.5 4.5 3.3
Unemployment Rate (%) 10.20 12.1 11.9 11.6 11.3 9
Inflation Rate (%) 3.10 2.5 2.1 2 3 3
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 1
Balance of Trade (USD Million) 1739.81 100 800 700 500 500
Current Account (USD Million) -25.00 -200 -600 -900 -1200 -1400
Current Account to GDP (%) -3.90 -4.3 -4.3 -4.4 -4.4 -4.5
Government Debt to GDP (%) 27.90 37 37 37 37 40
Government Budget (% of GDP) -1.60 -2.5 -2.5 -2.5 -2.5 -1.7
Business Confidence (points) 54.38 43 43.5 44 45 48
Consumer Confidence (points) 29.80 24.5 25 28 31 37
Retail Sales MoM (%) -27.70 4.5 2.5 1.5 10 20
Corporate Tax Rate (%) 27.00 27 27 27 27 27
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 5.20 1.5 0.6 0.8 0.6 0.6
GDP Annual Growth Rate (%) -9.10 -1 9 6.5 4.5 3.3
GDP (USD Billion) 282.30 270 270 270 270 280
GDP Constant Prices (CLP Billion) 35467.93 36335 38585 36869 42847 37970
Gross National Product (CLP Billion) 148852.82 142899 147364 162250 162103 149329
Gross Fixed Capital Formation (CLP Billion) 6690.74 9474 7607 7562 10592 9900
GDP per capita (USD) 15091.50 15000 15000 15000 15000 15200
GDP per capita PPP (USD) 24226.15 24080 24080 24080 24080 24080
GDP From Agriculture (CLP Billion) 516.76 978 1831 912 1185 1022
GDP From Construction (CLP Billion) 1678.97 2852 2283 2056 3159 2980
GDP From Manufacturing (CLP Billion) 3768.56 3959 3987 3989 4559 4137
GDP From Mining (CLP Billion) 3902.99 3828 3710 4242 4683 4001
GDP From Public Administration (CLP Billion) 1852.80 1753 1816 1997 1967 1832
GDP From Services (CLP Billion) 3513.92 3744 3640 3810 4266 3913
GDP From Transport (CLP Billion) 1423.01 1888 1854 1379 2293 1973
GDP From Utilities (CLP Billion) 1040.78 1045 1047 1077 1245 1092

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 10.20 12.1 11.9 11.6 11.3 9
Employed Persons (Thousand ) 8121.42 7400 7600 7800 8200 8800
Unemployed Persons (Thousand ) 925.21 1030 1010 1000 880 760
Employment Rate (%) 50.80 46.5 47 47.5 48 51
Labor Force Participation Rate (%) 56.60 53.8 54.2 54.8 55.5 57.9
Wages (CLP/Hour) 5105.85 5100 5120 5140 5180 5180
Wages in Manufacturing (points) 122.29 118 117 119 120 119
Minimum Wages (CLP/Month) 320500.00 340000 340000 340000 340000 360000
Population (Million) 19.11 19.51 19.51 19.51 19.89 20.27
Retirement Age Women 60.00 60 60 60 60 60
Retirement Age Men 65.00 65 65 65 65 65

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 3.10 2.5 2.1 2 3 3
Consumer Price Index CPI (points) 107.49 108 107 108 110 113
Core Consumer Prices (points) 106.26 126 107 107 130 130
Core Inflation Rate (%) 2.60 2.3 2.5 2.5 2.6 2.8
Food Inflation (%) 7.80 7.1 6.8 6.5 6 4.5
Inflation Rate Mom (%) 0.70 0.2 0.2 0.1 0.2 0.2
Producer Prices (points) 134.83 123 123 132 137 141
Producer Prices Change (%) 12.20 5 4 3.7 3 3
CPI Transportation (points) 103.74 108 105 104 106 109

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 1
Interbank Rate (%) 0.25 0.26 0.26 0.26 3.54 0.26
Foreign Exchange Reserves (USD Million) 38998.20 40300 40300 40300 41700 41700
Banks Balance Sheet (CLP Million) 167071.00 170000 169000 168000 166000 160000
Deposit Interest Rate (%) 2.53 2.5 2.5 2.5 2.5 2.7
Private Debt to GDP (%) 205.50 207 207 207 207 205
Central Bank Balance Sheet (CLP Million) 48446.00 46000 45000 44000 42000 44000

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) 1739.81 100 800 700 500 500
Current Account (USD Million) -25.00 -200 -600 -900 -1200 -1400
Current Account to GDP (%) -3.90 -4.3 -4.3 -4.4 -4.4 -4.5
Imports (USD Million) 5297.84 5100 5300 5500 5800 5800
Exports (USD Million) 7037.65 5900 6000 6200 6500 6500
External Debt (USD Million) 208434.09 219000 220000 222000 223000 227000
Capital Flows (USD Million) -1285.21 -1700 -1900 -2050 -2050 -2205
Tourist Arrivals (Persons) 0.00 7000 10000 15000 23000 70000
Foreign Direct Investment (USD Million) 2876.18 -800 -800 -500 -500 -150

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 27.90 37 37 37 37 40
Government Budget (% of GDP) -1.60 -2.5 -2.5 -2.5 -2.5 -1.7
Government Budget Value (CLP Million) -1918624.60 -285724 -1320000 -1310000 -285717 -285717
Government Spending (CLP Billion) 5366.01 5322 4334 5752 6435 5562
Government Revenues (CLP Million) 4336856.44 3330000 3390000 3410000 3430000 3396774
Fiscal Expenditure (CLP Million) 6255481.00 4640000 4600000 4580000 4550000 4250000
Military Expenditure (USD Million) 5382.00 5100 5100 5100 5100 5100

Taxes Actual Q1 Q2 Q3 Q4 2022
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 Q1 Q2 Q3 Q4 2022
Business Confidence (points) 54.38 43 43.5 44 45 48
Industrial Production (%) -2.40 0.8 1.7 2.3 2.7 3.5
Industrial Production Mom (%) 1.30 0.2 0.6 0.8 1.1 1.1
Manufacturing Production (%) -4.40 -0.8 6 3.5 2.2 2.8
Changes in Inventories (CLP Billion) -490.38 -300 -300 -300 -200 -200
Total Vehicle Sales 19037.00 29000 31000 33000 35000 37000
Leading Economic Index (%) -3.10 1.3 8 6.5 4.5 4.5
Mining Production (%) -0.40 1.5 2.4 2.8 3.7 3.5
Copper Production (Thousands of Tonnes) 464.80 490 480 490 550 570

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) 29.80 24.5 25 28 31 37
Retail Sales MoM (%) -27.70 4.5 2.5 1.5 10 20
Retail Sales YoY (%) 5.80 9 16 6.5 2.5 2.5
Consumer Spending (CLP Billion) 22832.37 24456 24051 21562 29208 25557
Consumer Credit (CLP Billion) 23732.00 26429 26781 27533 28377 27618
Private Sector Credit (CLP Billion) 179804.87 167224 179847 201744 194805 174749
Gasoline Prices (USD/Liter) 1.03 0.98 0.93 0.88 0.84 0.8
Households Debt To GDP (% of GDP) 48.00 48 48.2 48.5 48.9 48.9
Bank Lending Rate (%) 5.54 5.53 5.53 5.53 7.03 5.53

Housing Actual Q1 Q2 Q3 Q4 2022
Housing Index (points) 209.30 201 201 202 2002 2002
Building Permits (Units) 8712.00 7500 8100 9300 10100 10100


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.