Chile GDP Data & Country Report

Chile Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Chile; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Central Bank of Chile

International Reserves

US$ 37.840 billion (Source: IMF; Data updated: November 2011)

Gross Domestic Product - GDP

US$ 231.302 billion (2010 estimate)

GDP (Purchasing Power Parity)

276.053 billion of International dollars (2010 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
4.5%	3.5%	2.2%	4%	6%	5.5%	4.6%	4.6%
2008	2009	2010	2011*
3.7%	-1.7%	5.3%	5.9%

*Estimate

GDP per capita - current prices

US$ 13,294 (2009 estimate)

GDP per capita - PPP

$15,866 International Dollars (2009 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
0.28%	0.27%	0.34%	0.35%	0.35%

**Forecast

GDP - composition by sector

agriculture: 5.1%
industry: 41.8%
services: 53.1% (2010 estimate)

(Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)

N/A

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
8.7%(2008)	1.7%	1.5%	3.6%

*Estimate

Unemployment rate

2008	2009	2010	2011*
7.4%	9.6%	8.3%(2009)	7.2%

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
4.1%	5.2%	6.2%	8.8%	10.9%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
8.4%	4.3%	-4.3%	-1.6%	-0.6%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: A+/Stable/A-1

Moody's rating: Aa3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
US$212.91 billion	US$132.428 billion	US$209.475 billion

Largest companies in Chile

Falabella (Department Stores), Cencosud (Specialty Stores), Antarchile (Investment Services), CMPC (Forest Products), BCI-Banco Credito (Regional Banks)
(2011)

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ 1.2 billion (2010 estimate)(After 2008)

Current account balance by percentage of GDP

0.5% of GDP (2010 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

41.3% (2009)

(Data released on December 2010)

Shares in world total merchandising export

0.47%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

0.29%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

US$64.28 billion f.o.b. (2010 estimate)

Export commodities

copper, fruit, fish products, paper and pulp, chemicals, wine

Total imports

US$59.17 billion f.o.b. (2008 estimate)

Import commodities

petroleum and petroleum products, chemicals, electrical and telecommunications equipment, industrial machinery, vehicles, natural gas

Exports - major partners

China 14.8%, US 12.5%, Japan 10.5%, Netherlands 5.8%, South Korea 5.7%, Italy 5.1%, Brazil 5% (2007)

Imports - major partners

US 16.7%, China 11.2%, Brazil 10.3%, Argentina 9.9% (2007)

FDI inflows

2008	2009	2010
US$15,150 million	US$12,874 million(2009)	US$15,095 million(2009)

FDI outflows

2008	2009	2010
US$8,041 million	US$8,061 million	US$8,744 million

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
US$-88 million	US$55 million(2009)	US$544 million(2009)	US$244 million

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 43 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 62 out of 183 countries(2009)

Registering property: 45 out of 183 countries

Paying Taxes: 46 out of 183 countries

Getting credit: 72 out of 183 countries

Protecting investors: 28 out of 183 countries

Trading across border: 68 out of 183 countries

Enforcing Contracts: 68 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 11 Score: 77.4 (Mostly Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC-4

Total area

756,102 km² (2006)

Capital

Santiago (2009)

Currency

Chilean pesos (CLP) (2009)

Government type

republic (2009)

Languages

Spanish (official), Mapudungun, German, English

Religions

Roman Catholic 70%, Evangelical 15.1%, Jehovah's Witness 1.1%, other Christian 1%, other 4.6%, none 8.3% (2002 census)

Total population

1980	1990	2000	2010*	2015**
11.06 million	13.1 million	15.21 million	17.19 million	18.15 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
67.8%	81.2%	85.9%	88.7%

Population median age

31.0 years (2006)

Population growth rate

1% (2009)

Life expectancy

79 years (2007)

Adult literacy

97% (2000/2007)

% of population living on less than $2 a day

<2% (2011)

Inequality of wealth distribution (Gini index)

52.3 (2009)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

136.21% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

45% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Santiago: 75th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

4.3507 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2012:

COUNTRY WINNERS Banco Santander Chile (National, 2012)

2011:

COUNTRY WINNERS Banco Santander Chile (National, 2011)

2010:

COUNTRY WINNERS Banco Santander Chile (National, 2010)

2009:

COUNTRY WINNERS Banco Santander Chile (National, 2009)

WORLD'S BEST INTERNET BANKS

2011:

COUNTRY WINNERS / Best Consumer Internet Banks Banco Santander (National, 2011)
COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Corpbanca Chile (National, 2011)
REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best in Mobile Banking Banco Santander Chile (Latin America, 2011)

2010:

COUNTRY WINNERS / Best Consumer Internet Banks Banco Santander (National, 2010)

2009:

REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Integrated Consumer Bank Site BancoSantander (Latin America, 2009)
COUNTRY WINNERS / Best Consumer Internet Banks Banco Santander (National, 2009)

WORLD'S SAFEST BANKS

2012:

REGIONAL WINNERS Banco del Estado de Chile (BancoEstado) (Latin America, 2012)
REGIONAL WINNERS Banco Santander Chile (Latin America, 2012)
REGIONAL WINNERS Banco de Chile (Latin America, 2012)
REGIONAL WINNERS Banco de Crédito e Inversiones (Latin America, 2012)
REGIONAL WINNERS CorpBanca (Latin America, 2012)
OVERALL SAFEST Banco del Estado de Chile (BancoEstado) (Global, 2012)

2011:

REGIONAL WINNERS Banco del Estado de Chile (Latin America, 2011)
REGIONAL WINNERS Banco de Chile (Latin America, 2011)
REGIONAL WINNERS Banco de Crédito e Inversiones (Latin America, 2011)
REGIONAL WINNERS Corpbanca (Latin America, 2011)
REGIONAL WINNERS Banco Santander Chile (Latin America, 2011)
OVERALL SAFEST Banco Santander Chile (Global, 2011)
OVERALL SAFEST Banco del Estado de Chile (Global, 2011)
OVERALL SAFEST Banco de Chile (Global, 2011)
OVERALL SAFEST Banco de Crédito e Inversiones (Global, 2011)

2010:

REGIONAL WINNERS Banco del Estado de Chile (Latin America, 2010)
REGIONAL WINNERS Banco de Chile (Latin America, 2010)
REGIONAL WINNERS Corpbanca (Latin America, 2010)

WORLD'S BEST EMERGING MARKET BANKS

2012:

COUNTRY WINNERS Banco Santander Chile (National, 2012)

2011:

COUNTRY WINNERS Banco Santander Chile (National, 2011)

2010:

COUNTRY WINNERS Banco Santander Chile (National, 2010)

WORLD'S BEST SUB CUSTODIANS

2011:

COUNTRY WINNERS Banco de Chile (National, 2011)

2010:

COUNTRY WINNERS Banco de Chile (National, 2010)

2009:

COUNTRY WINNERS Banco de Chile (National, 2009)

WORLD'S BEST INVESTMENT BANKS

2012:

COUNTRY WINNERS LarrainVial (National, 2012)

2011:

COUNTRY WINNERS LarrainVial (National, 2011)

CENTRAL BANKER REPORT CARD

2011:

Grade: B+ (José De Gregorio, 2011)

2010:

Grade: B (José De Gregorio, 2010)

2009:

Grade: B (José De Gregorio, 2009)

TOP 200 EMERGING MARKETS BANKS

2010:

OVERALL BIGGEST Banco Santander Chile (Global, 2010)
OVERALL BIGGEST Banco de Chile (Global, 2010)
OVERALL BIGGEST Banco del Estado de Chile (Global, 2010)
OVERALL BIGGEST Banco de Crédito e Inversiones (Global, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

COUNTRY WINNERS Banco Santander Chile (National, 2012)

2011:

COUNTRY WINNERS Banco Santander Chile (National, 2011)

2010:

COUNTRY WINNERS Banco Santander Chile (National, 2010)

2009:

COUNTRY WINNERS Banco Santander Chile (National, 2009)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Chile GDP Data & Country Report | Global Finance

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2012:

2011:

2010:

2009:

WORLD'S BEST INTERNET BANKS

2011:

2010:

2009:

WORLD'S SAFEST BANKS

2012:

2011:

2010:

WORLD'S BEST EMERGING MARKET BANKS

2012:

2011:

2010:

WORLD'S BEST SUB CUSTODIANS

2011:

2010:

2009:

WORLD'S BEST INVESTMENT BANKS

2012:

2011:

CENTRAL BANKER REPORT CARD

2011:

2010:

2009:

TOP 200 EMERGING MARKETS BANKS

2010:

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

2011:

2010:

2009: