Executive Insights: Chile Central Bank Governor Mario Marcel Cullell
Governor of the Central Bank of Chile shares insights with Global Finance.
Chile GDP and Economic Data
Country Report 2017 - Includes Chile real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Chile economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Chile best banks and safest banks are also available.
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International Reserves
USD 39.9 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
Gross Domestic Product - GDP
USD 298.2 billion (2018, estimate)
GDP (Purchasing Power Parity)
Intl$ 481.8 billion (2018, estimate)
Real GDP growth
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
| 4.9% | 3.6% | -1.6% | 5.8% | 6.1% | 5.3% | 4% |
| 2014 | 2015 | 2016 | 2017 | 2018* | ||
| 1.8% | 2.3% | 1.7% | 1.3% | 4% |
*Estimate
GDP per capita - current prices
USD 16,078.7 (2018, estimate)
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2019* |
| 0.30% | 0.29% | 0.36% | 0.37% | 0.36% |
*Estimate
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GDP - composition by sector
- agriculture: 3.6%
- industry: 30%
- services: 57.9%
(2018 estimate)
Gross domestic expenditure on R&D; (% of GDP)
0.4% (2016)
OECD, data retrieved October 2019
Inflation
| 2015 | 2016 | 2017* | 2018* | 2019* |
| 4.3% | 3.8% | 2.2% | 2.3% | 2.2% |
*Estimate
Unemployment rate
| 2015 | 2016 | 2017* | 2018* | 2019* |
| 6.2% | 6.5% | 6.7% | 7% | 6.9% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 17.3% | 21% | 23.5% | 25.6% | 27.5% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| -2.1% | -2.7% | -2.6% | -1.5% | -2.2% |
*Estimate
Government bond ratings
Standard & Poor's: A+
Moody's: A1
Standard & Poor's / Moody's (Updated as of January 24th 2017)
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Market value of publicly traded shares
| 2016 | 2017 | 2018 |
| USD 212.5 billion | USD 294.7 billion | USD 250.7 billion |
Largest companies
Falabella, AntarChile, BCI-Banco Credito, Quinenco, Empresas CMPC, Cencosud, Latam Airlines, Banco de Chile
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Current account balance by percentage of GDP
-3.1 % (2018 estimate)
Exports as percent of GDP (Exports of goods and services)
28.8% (2018)
Shares in world total merchandising export
0.39% (2018)
Shares in world total commercial services export
0.18% (2018)
Export commodities
Copper, fruit, fish products, paper and pulp, chemicals, wine
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Import commodities
Petroleum and petroleum products, chemicals, electrical and telecommunications equipment, industrial machinery, vehicles, natural gas
Exports - major partners
China 27.5%, US 14.5%, Japan 9.3%, South Korea 6.2%, Brazil 5% (2017)
Imports - major partners
China 23.9%, US 18.1%, Brazil 8.6%, Argentina 4.5%, Germany 4% (2017)
FDI inflows
| 2016 | 2017 | 2018 |
|
USD 11,942 million |
USD 6,856 million |
USD 7,160 million |
FDI outflows
| 2016 | 2017 | 2018 |
| USD 6,801 million |
USD 6,175 million |
USD 3,027 million |
Value of cross-border M&A, by country of purchaser
| 2015 | 2016 | 2017 | 2018 |
| USD 2,320 million | USD 1,224 million | USD -233 million | USD 1,937 million |
Cross-border M&A deals worth over $3 billion completed in 2014
Gas Natural Fenosa Chile SpA, Cia General de Electricidad SA, Chile, USD 3.2 billion
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking:
59 out of 190 countries
Subcategories:
Starting a Business: 57 out of 190 countries
Dealing with Construction Permits: 41 out of 190 countries
Getting Electricity: 39 out of 190 countries
Registering Property: 63 out of 190 countries
Getting Credit: 94 out of 190 countries
Protecting Minority Investors: 51 out of 190 countries
Paying Taxes: 86 out of 190 countries
Trading across Borders: 73 out of 190 countries
Enforcing Contracts: 54 out of 190 countries
Resolving Insolvency: 53 out of 190 countries
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Global competitiveness ranking
33 out of 141 countries
Index of Economic Freedom
Ranking: 18 / Score: 75.4 (Mostly free)
(100=totally free 0=totally repressed)
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Capital
Santiago; note - Valparaiso is the seat of the national legislature
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Languages
Spanish 99.5% (official), English 10.2%, indigenous 1% (includes Mapudungun, Aymara, Quechua, Rapa Nui), other 2.3%, unspecified 0.2% (2012 est.)
Religions
Roman Catholic 66.7%, Evangelical or Protestant 16.4%, Jehovah's Witness 1%, other 3.4%, none 11.5%, unspecified 1.1% (2012 est.)
Total population
| 1990 | 2000 | 2010 | 2015 | 2020* |
| 13.18 million | 15.34 million | 17.06 million | 17.97 million | 19.46 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2018 |
| 67.8% | 81.2% | 86.1% | 87.6% |
Literacy
Total population: 96.9%
Male: 97%
Female: 96.7%
Definition: age 15 and over can read and write (2015 est.)
% of population living on less than $3.10 a day
1.8% (last available estimate, 2017)
Inequality of wealth distribution (Gini index)
46.6 (last available estimate, 2017)
(0=perfect equality, 100=absolute inequality)
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Freedom House rating
Free
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)
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Total telephone subscribers as % of population
Fixed: 16%
Mobile: 134.4%
(2018)
(fixed-telephone subscribers and mobile-cellular subscribers)