Markets Actual Q1 Q2 Q3 Q4 2020
Currency 769.06 764 771 779 786 801
Stock Market (points) 24418.17 23674 23367 23062 22762 22175
Government Bond 10y (%) 3.29 3.19 3.26 3.34 3.42 3.59
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.70 0.3 0.5 0.7 0.6 0.8
GDP Annual Growth Rate (%) 3.30 1.2 1.5 1.3 1.5 2.5
Unemployment Rate (%) 6.90 7.2 7.1 7 6.9 6.6
Inflation Rate (%) 3.00 3.3 3.2 3.1 3.3 3.3
Interest Rate (%) 1.75 1.75 1.75 1.75 1.75 2
Balance of Trade (USD Million) 1460.00 300 200 100 100 500
Current Account (USD Million) -3145.00 -500 -1400 -1800 -1000 -1200
Current Account to GDP (%) -3.10 -2.7 -2.7 -2.7 -2.7 -2.4
Government Debt to GDP (%) 25.60 30 30 30 30 28
Government Budget (% of GDP) -1.70 -1.3 -1.3 -1.3 -1.3 -1
Business Confidence (points) 32.53 37 40 43 46 51
Consumer Confidence (points) 29.40 29 32 33 34 40
Retail Sales MoM (%) 0.20 10 -2 -3 26 30
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 2020
GDP Growth Rate (%) 0.70 0.3 0.5 0.7 0.6 0.8
GDP Annual Growth Rate (%) 3.30 1.2 1.5 1.3 1.5 2.5
GDP (USD Billion) 298.20 306 306 306 306 311
GDP Constant Prices (CLP Billion) 39473.16 39153 39479 39730 39868 40865
Gross National Product (CLP Billion) 147343.25 148227 148448 148301 148817 152537
Gross Fixed Capital Formation (CLP Billion) 8266.50 7697 8259 8320 8349 8558
GDP per capita (USD) 15130.20 16500 16500 16500 16500 16500
GDP per capita PPP (USD) 22873.81 24500 24500 24500 24500 24500
GDP From Agriculture (CLP Billion) 555.26 1940 932 559 561 575
GDP From Construction (CLP Billion) 2367.50 2216 2382 2383 2391 2451
GDP From Manufacturing (CLP Billion) 3906.62 4003 4088 3932 3946 4044
GDP From Mining (CLP Billion) 3842.67 3622 3754 3868 3881 3978
GDP From Public Administration (CLP Billion) 1803.78 1772 1796 1816 1822 1867
GDP From Services (CLP Billion) 3786.67 3640 3931 3811 3825 3920
GDP From Transport (CLP Billion) 2017.43 1978 1995 2031 2038 2089
GDP From Utilities (CLP Billion) 1058.78 1073 1047 1066 1069 1096
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 6.90 7.2 7.1 7 6.9 6.6
Employed Persons (Thousand ) 8532.26 8439 8500 8540 8580 8600
Unemployed Persons (Thousand ) 630.44 665 665 660 675 655
Employment Rate (%) 55.14 54.5 54.8 55 55.2 55.9
Labor Force Participation Rate (%) 59.22 59.6 59.7 59.5 59.8 59.6
Wages (CLP/Hour) 4958.57 5000 5000 5000 5300 5300
Wages in Manufacturing (points) 115.63 110 110 110 112 112
Minimum Wages (CLP/Month) 301000.00 320000 320000 320000 320000 340000
Population (Million) 18.75 18.73 18.94 18.73 19.51 19.89
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 640000 640000
Living Wage Individual (CLP/Month) 388600.00 402500 402500 402500 402500 402500
Wages High Skilled (CLP/Month) 1154700.00 1200000 1200000 1200000 1191000 1211346
Wages Low Skilled (CLP/Month) 388700.00 374000 374000 374000 383498 390243
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 3.00 3.3 3.2 3.1 3.3 3.3
Consumer Price Index CPI (points) 103.66 105 105 106 107 110
Core Consumer Prices (points) 103.11 104 105 106 126 130
Core Inflation Rate (%) 2.50 2.7 2.9 3 2.9 2.6
Food Inflation (%) 3.70 3.5 3.3 3.3 3.4 3.5
Producer Prices (points) 120.04 118 118 119 125 130
Producer Prices Change (%) 5.00 2.3 3.5 4 4.5 4
CPI Transportation (points) 103.59 103 104 104 105 109
Inflation Rate Mom (%) 0.10 0.3 0.4 0.2 0.3 0.3
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 1.75 1.75 1.75 1.75 1.75 2
Interbank Rate (%) 1.91 2.28 2.28 2.28 2.28 2.28
Foreign Exchange Reserves (USD Million) 40557.80 39700 39900 40100 40300 41700
Banks Balance Sheet (CLP Million) 154798.00 155000 156000 157000 158000 162000
Deposit Interest Rate (%) 2.70 3.3 3.3 3.3 3.3 3.3
Private Debt to GDP (%) 189.10 184 184 184 184 184
Central Bank Balance Sheet (CLP Million) 27801.00 26689 26900 26850 26850 26991
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 1460.00 300 200 100 100 500
Current Account (USD Million) -3145.00 -500 -1400 -1800 -1000 -1200
Current Account to GDP (%) -3.10 -2.7 -2.7 -2.7 -2.7 -2.4
Imports (USD Million) 5183.66 6000 6200 5900 6200 6100
Exports (USD Million) 6644.04 6300 6400 6000 6300 6600
External Debt (USD Million) 197702.82 202000 205000 208000 211000 223000
Capital Flows (USD Million) -3695.67 -2864 -1400 -1400 -1400 -2205
Tourist Arrivals (Persons) 238301.00 340000 280000 290000 290000 307500
Foreign Direct Investment (USD Million) -988.61 -1000 -800 -700 -600 -500
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 25.60 30 30 30 30 28
Government Budget (% of GDP) -1.70 -1.3 -1.3 -1.3 -1.3 -1
Government Budget Value (CLP Million) -664074.80 -296142 -300000 -300000 -298071 -285724
Government Spending (CLP Billion) 5574.06 4472 5597 5610 5630 5771
Government Revenues (CLP Million) 3422133.49 3296909 3300000 3300000 3300000 3296774
Fiscal Expenditure (CLP Million) 4086208.24 3593050 3600000 3600000 3600000 3582498
Military Expenditure (USD Million) 5382.00 5100 5100 5100 5100 5100
Taxes Actual Q1 Q2 Q3 Q4 2020
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 2020
Business Confidence (points) 32.53 37 40 43 46 51
Industrial Production (%) -1.80 2.5 3.5 2.1 3.4 3.6
Industrial Production Mom (%) -1.60 0.2 0.6 0.1 1.3 1.5
Manufacturing Production (%) 3.20 -0.5 0.6 1.1 2.2 2.2
Changes in Inventories (CLP Billion) 148.09 1500 800 600 -300 -200
Total Vehicle Sales 28038.00 34500 32800 38000 36000 38000
Leading Economic Index (%) -3.30 1 1.5 2.1 2.5 3.2
Mining Production (%) -7.20 0.8 1.5 1.8 2.2 3.7
Copper Production (Thousands of Tonnes) 504.40 680 685 690 700 725
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (points) 29.40 29 32 33 34 40
Retail Sales MoM (%) 0.20 10 -2 -3 26 30
Retail Sales YoY (%) -9.80 2.5 3.9 3.7 1.3 3.9
Consumer Spending (CLP Billion) 25237.00 24947 25385 25401 25489 26127
Consumer Credit (CLP Billion) 27236.00 26250 26575 26892 27095 27773
Private Sector Credit (CLP Billion) 170367.33 161796 165512 170498 172071 176373
Households Debt To GDP (% of GDP) 46.30 47 47.4 47.4 47.9 49.2
Bank Lending Rate (%) 5.17 4.96 4.96 4.96 4.96 4.96
Gasoline Prices (USD/Liter) 1.14 1.25 1.28 1.31 1.34 1.35
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (points) 200.00 195 195 197 197 199
Building Permits (Units) 14352.00 12500 12800 11000 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.