Chile | Economic Forecasts | 2017-2020 Outlook

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.


Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.20 0.6 0.7 0.9 1.1 1.6 percent [+]
Unemployment Rate 6.70 6.7 6.8 6.4 6.6 6.9 percent [+]
Inflation Rate 2.60 2.2 2.8 2.6 2.8 3 percent [+]
Interest Rate 2.50 2.5 2.5 2.5 2.5 4 percent [+]
Balance of Trade 722.92 600 450 360 600 450 USD Million [+]
Government Debt to GDP 21.30 22.25 23.55 24.84 25.6 32.77 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 662.83 668 674 694 687 793 [+]
Stock Market 23878.79 24200 23900 23200 23400 19500 points [+]
Government Bond 10y 4.01 4 4.04 4.08 4.12 4.75 percent [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.20 0.6 0.7 0.9 1.1 1.6 percent [+]
GDP Annual Growth Rate 0.10 1.6 1.8 2.2 1.1 3.1 percent [+]
GDP 240.80 241 241 241 228 295 USD Billion [+]
GDP Constant Prices 36545.00 36780 37019 37267 37521 40317 CLP Billion [+]
Gross National Product 141794.36 80981323 84952204 88923084 90325206 106145728 CLP Million [+]
Gross Fixed Capital Formation 7244.45 6982600 7054300 7154530 7354200 7457220 CLP Billion [+]
GDP per capita 14660.51 14940 14838 14880 14915 15365 USD [+]
GDP per capita PPP 22197.04 22645 22645 22645 22507 24500 USD [+]
GDP From Agriculture 2020.80 1077 1106 1105 1105 1105 CLP Billion [+]
GDP From Construction 2045.66 2403 2049 2400 2052 2382 CLP Billion [+]
GDP From Manufacturing 3864.23 3856 3832 3851 3864 3858 CLP Billion [+]
GDP From Mining 3233.60 3341 3320 3577 3502020 3353 CLP Billion [+]
GDP From Public Administration 1703.43 1696 1706 1695 1702 1695 CLP Billion [+]
GDP From Services 3489.81 3679 3491 3678 3492 3671 CLP Billion [+]
GDP From Transport 2998.51 3027 3018 3073 3000 3048 CLP Billion [+]
GDP From Utilities 975.58 950 963 997 977 980 CLP Billion [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 6.70 6.7 6.8 6.4 6.6 6.9 percent [+]
Employed Persons 8207.86 8236 8243 8242 8240 8240 Thousand [+]
Unemployed Persons 585.49 565 575 535 550 570 Thousand [+]
Employment Rate 55.54 55.65 55.66 55.67 55.66 55.66 percent [+]
Labor Force Participation Rate 59.50 59.54 59.58 59.55 59.57 59.56 percent [+]
Job Vacancies 21.60 21.22 20.43 20 19.79 19.6 Index Points [+]
Wages 4023.33 4102 4154 4206 4258 4831 CLP/Hour [+]
Wages in Manufacturing 153.04 154 156 158 159 176 Index Points [+]
Minimum Wages 265000.00 250000 261854 276000 278056 295000 CLP/Month [+]
Population 18.19 18.1 18.14 18.19 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 521764.60 532162 532169 532169 532169 532170 CLP/Month [+]
Living Wage Individual 407760.50 413618 414717 414333 414467 414432 CLP/Month [+]
Wages High Skilled 1210400.00 1182337 1179393 1177260 1175714 1171760 CLP/Month [+]
Wages Low Skilled 383200.00 352368 348479 345472 343148 335693 CLP/Month [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 2.60 2.2 2.8 2.6 2.8 3 percent [+]
Consumer Price Index CPI 115.63 116 117 117 118 127 Index Points [+]
Core Consumer Prices 116.45 117 118 118 119 127 Index Points [+]
Core Inflation Rate 2.50 3.2 2.88 3.3 2.77 3.2 percent [+]
Export Prices 85.50 87.73 88.17 87.89 87.73 87.92 Index Points [+]
Import Prices 87.69 85.29 84.67 85.77 87.68 86.26 Index Points [+]
Food Inflation 2.60 2.31 2.59 2.6 2.59 2.59 percent [+]
Producer Prices 105.16 105 106 107 108 110 Index Points [+]
Producer Prices Change 7.80 7.99 7.97 7.98 7.98 7.98 percent [+]
Cpi Transportation 106.43 106 107 107 107 107 Index Points [+]
Inflation Rate Mom 0.10 0.6 0.4 0.2 0.3 0.6 percent [+]
Gdp Deflator 118.90 119 119 119 119 119 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 2.50 2.5 2.5 2.5 2.5 4 percent [+]
Interbank Rate 2.87 2.91 2.7 2.67 2.66 2.66 percent [+]
Money Supply M1 30436.65 30401 31039 31583 32134 38140 CLP Billion [+]
Money Supply M2 107726.56 108383 110139 111888 113630 132286 CLP Billion [+]
Money Supply M3 192451.24 193409 198701 201092 204810 213068 CLP Billion [+]
Foreign Exchange Reserves 38850.10 38614 38564 38629 38589 38614 USD Million [+]
Banks Balance Sheet 113593.00 114908 115643 116356 117023 122075 CLP Million [+]
Loans to Private Sector 89614.00 90607 92042 93365 94662 108159 CLP Billion [+]
Deposit Interest Rate 3.60 4.15 4.05 3.94 3.96 4 percent [+]
Private Debt to GDP 198.60 201 200 200 201 198 percent [+]
Central Bank Balance Sheet 24508.00 25512 25584 25610 25630 25805 CLP Million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 722.92 600 450 360 600 450 USD Million [+]
Exports 5620.90 4100 4400 4300 4600 6000 USD Million [+]
Imports 4897.98 4700 4850 4650 4000 5300 USD Million [+]
Current Account -1014.06 -2115 -2570 -1333 -1430 -1719 USD Million [+]
Current Account to GDP -1.40 -1.78 -1.94 -1.9 -2.07 -2.01 percent [+]
External Debt 162884.65 162852 162764 162771 162769 162769 USD Million [+]
Capital Flows -2465.82 -2710 -1896 -1156 -2460 -2044 USD Million [+]
Remittances 923.00 979 1019 1059 1044 1139 USD Million [+]
Gold Reserves 0.25 0.25 0.25 0.25 0.25 0.25 Tonnes [+]
Terms Of Trade 123.80 121 121 124 123 123 Index Points [+]
Terrorism Index 2.70 2.95 2.69 2.43 2.43 2.44 [+]
Foreign Direct Investment -635.41 -1455 -471 -554 -743 -727 USD Million [+]
Crude Oil Production 4.00 4.04 4.04 4.04 4.04 4.04 BBL/D/1K [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 21.30 22.25 23.55 24.84 25.6 32.77 percent [+]
Government Budget -2.20 -0.7 -0.78 -0.87 -0.52 1.19 percent of GDP [+]
Government Budget Value 2299378.20 -90250 588093 234153 -124201 -145012 CLP Million [+]
Government Spending 4113.35 4703 4114 4702 4115 4698 CLP Billion [+]
Government Revenues 5475145.36 3559738 3346257 3388187 3410804 3429129 CLP Million [+]
Fiscal Expenditure 3175767.21 3611483 3473335 3446316 3437151 3435071 CLP Million [+]
Military Expenditure 4583.00 4619 4611 4603 4603 4597 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Business Confidence 44.93 44.93 44.89 44.9 44.9 44.9 [+]
Industrial Production -4.20 -5.05 -5.19 -5.3 -5.39 -5.41 percent [+]
Industrial Production Mom 1.10 -0.21 0.1 -0.08 -0.02 -0.04 percent [+]
Manufacturing Production -7.50 -2.21 -2.87 -3.04 -2.95 -2.86 percent [+]
Changes in Inventories 442.24 -662 438 -658 433 -631 CLP Billion [+]
Total Vehicle Sales 29910.00 28677 28037 27707 27562 27408 [+]
Leading Economic Index 0.10 0.27 0.13 0.09 0.09 0.09 percent [+]
Mining Production -1.30 -7.48 -7.37 -8.7 -8.29 -8.38 percent [+]
Steel Production 105.00 101 98.98 98.46 98.28 98.19 Thousand Tonnes [+]
Ease of Doing Business 57.00 56 57 57 57 57 [+]
Competitiveness Index 4.64 4.59 4.59 4.59 4.69 4.76 Points [+]
Competitiveness Rank 33.00 35 35 35 33 33 [+]
Copper Production 429.20 400 440 460 470 437 Thousands of Tonnes [+]
Corruption Index 66.00 69 68 68 69 75 Points [+]
Corruption Rank 24.00 23 24 25 25 23 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence 40.60 40.4 40.53 37.61 40.52 40.52 [+]
Retail Sales MoM -7.20 1.13 0.94 0.42 0.8 0.77 percent [+]
Retail Sales YoY -0.40 1.52 0.95 0.84 0.82 0.8 percent [+]
Consumer Spending 23236.92 23266 23197 24481 23474 24480 CLP Billion [+]
Consumer Credit 20576.00 20799 21149 21473 21777 24332 CLP Billion [+]
Private Sector Credit 138040.16 140274 142063 143845 145604 163387 CLP Billion [+]
Bank Lending Rate 7.03 6.65 6.25 6.35 6.47 6.7 percent [+]
Gasoline Prices 1.10 1.1 1.1 1.1 1.1 1.11 USD/Liter [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Housing Index 175.60 172 176 174 176 178 Index points [+]
Housing Starts 8328.00 10700 10708 10667 10663 10664 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 24.00 23.02 23.56 24.1 24.08 24.04 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 [+]