Markets Actual Q2 Q3 Q4 Q1 2020
Currency 699.56 715 721 727 733 745
Stock Market (points) 25561.01 25152 24954 24756 24561 24176
Government Bond 10y (%) 3.48 3.76 3.8 3.84 3.87 3.94
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.00 0.8 1 1 0.7 1.2
GDP Annual Growth Rate (%) 1.60 2.5 2.7 3.3 3.2 3
Unemployment Rate (%) 6.90 6.8 6.9 6.7 6.7 6.8
Inflation Rate (%) 2.30 2.1 2.4 2.6 2.8 3.1
Interest Rate (%) 2.50 2.5 2.5 2.5 2.5 3.5
Balance of Trade (USD Million) 370.80 470 900 1380 300 100
Current Account (USD Million) -1022.60 -1100 -2400 -725 -500 -1000
Current Account to GDP (%) -3.10 -3.3 -3.3 -3.3 -2.7 -2.7
Government Debt to GDP (%) 25.60 27 27 27 30 30
Government Budget (% of GDP) -1.70 -1.6 -1.6 -1.6 -1.3 -1.3
Business Confidence (Index Points) 50.56 52 51.6 51.4 50.5 52
Consumer Confidence (Index Points) 42.30 46 48 51 50 52
Retail Sales MoM (%) -7.40 -3.4 0.7 32 10 26
Corporate Tax Rate (%) 27.00 27 27 27 27 27
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.00 0.8 1 1 0.7 1.2
GDP Annual Growth Rate (%) 1.60 2.5 2.7 3.3 3.2 3
GDP (USD Billion) 277.08 300 300 300 306 306
GDP Constant Prices (CLP Billion) 38919.60 38866 38966 40231 40192 41438
Gross National Product (CLP Billion) 147343.25 143392 143534 152206 152058 156772
Gross Fixed Capital Formation (CLP Billion) 7631.42 7885 7914 9907 9897 10204
GDP per capita (USD) 15059.53 16000 16000 16000 16500 16500
GDP per capita PPP (USD) 22767.04 23400 23400 23400 24500 24500
GDP From Agriculture (CLP Billion) 1942.03 986 573 1112 1111 1146
GDP From Construction (CLP Billion) 2200.08 2293 2267 2966 2963 3055
GDP From Manufacturing (CLP Billion) 3973.55 4151 3842 4264 4260 4392
GDP From Mining (CLP Billion) 3622.50 3767 3839 4380 4376 4512
GDP From Public Administration (CLP Billion) 1759.77 1770 1792 1847 1846 1903
GDP From Services (CLP Billion) 3617.31 3843 3681 4006 4002 4126
GDP From Transport (CLP Billion) 1970.16 1927 1957 2145 2143 2209
GDP From Utilities (CLP Billion) 1066.08 1045 1069 1169 1168 1204
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 6.90 6.8 6.9 6.7 6.7 6.8
Unemployed Persons (Thousand ) 625.80 680 685 665 665 675
Wages (CLP/Hour) 4866.76 4840 5007 5000 5000 5300
Wages in Manufacturing (Index Points) 114.40 109 111 110 110 112
Minimum Wages (CLP/Month) 301000.00 301000 301000 301000 320000 320000
Population (Million) 18.75 18.7 18.7 18.55 18.73 18.73
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 Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 2.30 2.1 2.4 2.6 2.8 3.1
Consumer Price Index CPI (Index Points) 102.15 120 120 122 122 122
Core Consumer Prices (Index Points) 101.76 122 122 123 104 126
Core Inflation Rate (%) 1.90 2.1 2.3 2.5 2.7 2.9
Food Inflation (%) 2.20 1.8 2.3 2.8 3 3.4
Producer Prices (Index Points) 115.03 118 117 118 119 123
Producer Prices Change (%) 3.70 2.3 2.9 3.4 3.5 4.5
CPI Transportation (Index Points) 101.03 102 104 104 102 107
Inflation Rate Mom (%) 0.60 0.2 0.4 0.5 0.3 0.3
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 2.50 2.5 2.5 2.5 2.5 3.5
Interbank Rate (%) 2.69 3.13 3.13 3.13 3.13 3.63
Banks Balance Sheet (CLP Million) 145090.00 142000 143000 142000 142000 144000
Deposit Interest Rate (%) 2.90 3.2 3.2 3.2 3.3 3.3
Private Debt to GDP (%) 189.10 193 193 193 184 184
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (USD Million) 370.80 470 900 1380 300 100
Current Account (USD Million) -1022.60 -1100 -2400 -725 -500 -1000
Current Account to GDP (%) -3.10 -3.3 -3.3 -3.3 -2.7 -2.7
Imports (USD Million) 5982.27 5330 5350 5600 6000 6200
Exports (USD Million) 6353.07 5800 5900 6500 6300 6300
External Debt (USD Million) 189584.70 192000 180028 194000 194000 195000
Tourist Arrivals (Persons) 406399.00 210000 295000 370000 340000 307500
Foreign Direct Investment (USD Million) -299.68 -700 -1440 -1000 -1000 -600
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 25.60 27 27 27 30 30
Government Budget (% of GDP) -1.70 -1.6 -1.6 -1.6 -1.3 -1.3
Government Spending (CLP Billion) 4407.29 5521 5544 6043 6037 6224
Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 50.56 52 51.6 51.4 50.5 52
Industrial Production (%) 0.70 2.5 3.2 -0.3 2.5 3.4
Industrial Production Mom (%) 0.10 0.2 0.4 0.5 0.2 1.3
Manufacturing Production (%) -1.40 -1.1 -4.2 -1.7 -0.5 2.2
Total Vehicle Sales 32716.00 33000 36600 34500 33000 36000
Leading Economic Index (%) 2.10 3.3 3.2 3.1 3.3 3
Mining Production (%) 2.60 -6 -3 2.5 3.5 3.5
Copper Production (Thousands of Tonnes) 462.00 484 500 650 680 700
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 42.30 46 48 51 50 52
Retail Sales MoM (%) -7.40 -3.4 0.7 32 10 26
Retail Sales YoY (%) -0.80 2.5 3.3 3.8 2.5 3.7
Consumer Spending (CLP Billion) 24790.40 24910 24833 27319 27292 28138
Households Debt To GDP (% of GDP) 45.40 44.28 44.21 45.4 45.4 45.4
Bank Lending Rate (%) 5.65 5.65 5.65 5.65 5.65 6.15
Gasoline Prices (USD/Liter) 1.22 1.07 1.05 1.02 1 1
Housing Actual Q2 Q3 Q4 Q1 2020
Building Permits (Units) 11152.00 12000 7000 11000 12500 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.