Markets Actual Q1 Q2 Q3 Q4 2020
Currency 670.83 704 710 716 722 734
Stock Market (points) 27580.51 25748 25541 25333 25128 24723
Government Bond 10y (%) 4.55 4.49 4.53 4.57 4.61 4.69
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.30 1.3 0.8 1 1 1.2
GDP Annual Growth Rate (%) 2.80 3.6 3.8 2.7 3.3 3.2
Unemployment Rate (%) 6.80 6.9 7.1 7 6.7 6.8
Inflation Rate (%) 2.60 2.4 2.6 2.8 3 3
Interest Rate (%) 2.75 3 3 3 3.25 3.25
Balance of Trade (USD Million) 600.00 1450 100 200 1380 1420
Current Account (USD Million) -3395.00 -650 -700 -740 -725 -700
Current Account to GDP (%) -1.50 -1.1 -1.1 -1.1 -1.1 -1
Government Debt to GDP (%) 23.60 27 27 27 27 30
Government Budget (% of GDP) -2.80 -1.6 -1.6 -1.6 -1.6 -1.3
Business Confidence (Index Points) 48.81 51.2 51.4 51.6 51.4 52
Consumer Confidence (Index Points) 44.60 49 51 51.4 51 52.3
Retail Sales MoM (%) -2.60 12.6 -3.4 0.7 32 26
Corporate Tax Rate (%) 27.00 27 27 27 27 27
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.30 1.3 0.8 1 1 1.2
GDP Annual Growth Rate (%) 2.80 3.6 3.8 2.7 3.3 3.2
GDP (USD Billion) 277.08 300 300 300 300 306
GDP Constant Prices (CLP Billion) 38418.96 38748 39045 38938 39687 40957
Gross National Product (CLP Billion) 141633.98 144183 144325 143546 146308 150990
Gross Fixed Capital Formation (CLP Billion) 8213.91 7703 8230 8325 8485 8756
GDP per capita (USD) 15059.53 16000 16000 16000 16000 16500
GDP per capita PPP (USD) 22767.04 23400 23400 23400 23400 24500
GDP From Agriculture (CLP Billion) 566.24 1989 995 574 585 604
GDP From Construction (CLP Billion) 2277.94 2202 2385 2339 2353 2428
GDP From Manufacturing (CLP Billion) 3669.00 4018 4176 3719 3790 3911
GDP From Mining (CLP Billion) 3790.71 3804 3830 3893 3916 4041
GDP From Public Administration (CLP Billion) 1762.46 1789 1808 1810 1821 1879
GDP From Services (CLP Billion) 3639.71 3497 3770 3689 3760 3880
GDP From Transport (CLP Billion) 1921.57 1954 1927 1948 1985 2049
GDP From Utilities (CLP Billion) 1008.97 1067 1022 1023 1042 1076
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 6.80 6.9 7.1 7 6.7 6.8
Unemployed Persons (Thousand ) 617.49 675 680 685 665 675
Wages (CLP/Hour) 4761.20 4850 4840 5007 5000 5300
Wages in Manufacturing (Index Points) 112.19 109 109 111 110 112
Minimum Wages (CLP/Month) 301000.00 301000 301000 301000 301000 320000
Population (Million) 18.37 18.7 18.7 18.7 18.7 18.7
Retirement Age Women 60.00 60 60 60 60 60
Retirement Age Men 65.00 65 65 65 65 65
Living Wage Family (CLP/Month) 599700.00 620000 620000 620000 620000 640000
Living Wage Individual (CLP/Month) 388600.00 402500 402500 402500 402500 402500
Wages High Skilled (CLP/Month) 1154700.00 1200000 1200000 1200000 1200000 1191000
Wages Low Skilled (CLP/Month) 388700.00 374000 374000 374000 374000 383498
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 2.60 2.4 2.6 2.8 3 3
Consumer Price Index CPI (Index Points) 119.45 119 120 120 122 122
Core Consumer Prices (Index Points) 119.32 121 122 122 125 127
Core Inflation Rate (%) 2.10 3 2.9 2.9 2.8 2.9
Food Inflation (%) 2.90 3 3.4 3.4 3.6 3.4
Producer Prices (Index Points) 114.36 113 118 118 119 129
Producer Prices Change (%) 1.70 1.9 2.3 3.6 4.4 7.8
CPI Transportation (Index Points) 109.84 109 110 113 113 117
Inflation Rate Mom (%) -0.10 0.3 0.4 0.4 0.5 0.3
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 2.75 3 3 3 3.25 3.25
Interbank Rate (%) 3.09 3.22 3.22 3.22 3.22 3.22
Banks Balance Sheet (CLP Million) 142127.00 142000 142000 143000 142000 144000
Deposit Interest Rate (%) 2.90 3.2 3.2 3.2 3.2 3.3
Private Debt to GDP (%) 189.10 193 193 193 193 184
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 600.00 1450 100 200 1380 1420
Current Account (USD Million) -3395.00 -650 -700 -740 -725 -700
Current Account to GDP (%) -1.50 -1.1 -1.1 -1.1 -1.1 -1
Imports (USD Million) 5941.00 6100 6150 6000 6100 6200
Exports (USD Million) 6537.00 6150 6250 6200 6200 6300
External Debt (USD Million) 182569.82 190000 192000 180028 194000 195000
Terms Of Trade (Index Points) 97.92 104 102 103 103 103
Tourist Arrivals (Persons) 387217.00 315700 295000 305300 311900 307500
Foreign Direct Investment (USD Million) -306.76 -900 -700 -1440 -1000 -600
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 23.60 27 27 27 27 30
Government Budget (% of GDP) -2.80 -1.6 -1.6 -1.6 -1.6 -1.3
Government Budget Value (CLP Million) -286134.50 -317752 -296142 -289373 -286880 -285724
Government Spending (CLP Billion) 5457.71 4376 5617 5605 5638 5818
Military Expenditure (USD Million) 4805.30 4900 4900 4900 4900 4900
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 27.00 27 27 27 27 27
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 2020
Business Confidence (Index Points) 48.81 51.2 51.4 51.6 51.4 52
Industrial Production (%) 0.40 1.8 2.5 3.2 -0.3 3.4
Industrial Production Mom (%) 1.40 0.6 0.2 0.2 0.5 1.3
Manufacturing Production (%) -4.70 -0.7 -1.1 -4.2 -1.7 2.2
Total Vehicle Sales 33518.00 33000 33000 36601 33000 36000
Leading Economic Index (%) 3.10 3.4 3.7 3.8 3.2 3.1
Mining Production (%) -4.30 3.4 3 3.6 3.4 3.5
Copper Production (Thousands of Tonnes) 540.70 500 485 495 545 560
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 44.60 49 51 51.4 51 52.3
Retail Sales MoM (%) -2.60 12.6 -3.4 0.7 32 26
Retail Sales YoY (%) -0.80 3.4 4.2 5.74 3.8 3.7
Consumer Spending (CLP Billion) 24145.30 24289 24874 24471 24942 25740
Households Debt To GDP (% of GDP) 44.10 44.07 44.28 44.21 45.4 45.4
Bank Lending Rate (%) 6.17 6.05 6.05 6.05 6.05 6.05
Gasoline Prices (USD/Liter) 1.20 1.13 1.1 1.08 1.05 1.05
Housing Actual Q1 Q2 Q3 Q4 2020
Building Permits (Units) 6986.00 11500 12000 7000 11000 12000


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.