Macro Flexibility: Q&A With Chile's Central Bank Governor, Mario Marcel Cullell
Governor of the Central Bank of Chile, Mario Marcel Cullell speaks about the country's growth prospects and how flexible foreign exchange can act as a shock absorber.
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 38.6 billion (2015)
International Monetary Fund (IMF), data retrieved January 2017
Gross Domestic Product - GDP
USD 242.6 billion (2017, estimate)
GDP (Purchasing Power Parity)
Intl$ 454.3 billion (2017, estimate)
Real GDP growth
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| 5.8% | 5.2% | 3.3% | -1.1% | 5.8% | 5.8% | 5.5% |
| 2013 | 2014 | 2015 | 2016* | 2017* | ||
| 4% | 1.8% | 2.3% | 1.7% | 2% |
*Estimate
GDP per capita - current prices
USD 13,196.3 (2017, estimate)
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 0.30% | 0.29% | 0.36% | 0.37% | 0.4% |
*Estimate
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GDP - composition by sector
- agriculture: 4%
- industry: 32.4%
- services: 63.6%
(2016 estimate)
Gross domestic expenditure on R&D; (% of GDP)
0.4% (2014)
OECD, data retrieved January 2017
Inflation
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 1.9% | 4.4% | 4.3% | 4.0% | 3.0% |
*Estimate
Unemployment rate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 5.9% | 6.4% | 6.2% | 7.0% | 7.6% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 12.8% | 15.1% | 17.5% | 20.4% | 23.3% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| -0.5% | -1.5% | -2.1% | -3.2% | -2.9% |
*Estimate
Government bond ratings
Standard & Poor's: AA-
Moody's: Aa3
Standard & Poor's / Moody's (Updated as of January 24th 2017)
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Market value of publicly traded shares
| 2013 | 2014 | 2015 |
| USD 265.2 billion | USD 233.2 billion | USD 190.4 billion |
Largest companies
Falabella, Cencosud, AntarChile, BCI-Banco Credito, Latam Airlines, Quinenco, Banco de Chile, Empresas CMPC.
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Current account balance by percentage of GDP
-2.4% (2017 estimate)
Exports as percent of GDP (Exports of goods and services)
30.0% (2015)
Shares in world total merchandising export
0.4% (2015)
Shares in world total commercial services export
0.2% (2015)
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 26.3%, US 13.2%, Japan 8.5%, South Korea 6.5%, Brazil 4.9% (2015)
Imports - major partners
China 23.4%, US 18.8%, Brazil 7.8%, Argentina 4% (2015)
FDI inflows
| 2013 | 2014 | 2015 |
| USD 17,878 million | USD 21,231 million | USD 20,176 million |
FDI outflows
| 2013 | 2014 | 2015 |
| USD 8,388 million | USD 11,803 million | USD 15,513 million |
Value of cross-border M&A, by country of purchaser
| 2012 | 2013 | 2014 | 2015 |
| USD 10256.8 million | USD 2771.6 million | USD 746.5 million | USD 2294.4 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: 57 out of 190 countries (2016)
Subcategories:
Starting a business: 59 out of 190 countries
Enforcing Contracts: 56 out of 190 countries
Registering Property: 58 out of 190 countries
Getting credit: 82 out of 190 countries
Protecting investors: 32 out of 190 countries
Trading across border: 65 out of 190 countries
Paying Taxes: 120 out of 190 countries
Dealing with Construction Permits: 26 out of 190 countries
Getting Electricity: 64 out of 190 countries
Resolving Insolvency: 55 out of 190 countries
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Global competitiveness ranking
33 out of 138 countries
(2016-2017)
Index of Economic Freedom
Ranking: 7 / Score: 77.66 (Mostly free) (2017)
(100=totally free 0=totally repressed)
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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%
Religions
Roman Catholic 66.7%, Evangelical or Protestant 16.4%, Jehovah's Witnesses 1%, other 3.4%, none 11.5%, unspecified 1.1% (2012 est.)
Total population
| 1990 | 2000 | 2010 | 2016* | 2021* |
| 13.179 million | 15.398 million | 17.066 million | 18.196 million | 19.173 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 68% | 81% | 86% | 90% |
Literacy
Total population: 97.5%
Male: 97.6%
Female: 97.4% (2015 est.)
(age 15 and over can read and write)
% of population living on less than $3.10 a day
0.8% (2013)
Inequality of wealth distribution (Gini index)
50.5 (2013)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Political Rights: 1
Civil Liberties: 1 (2017)
(1 represents the most free, 7 the least free rating)
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Total telephone subscribers as % of population
Fixed 19.22% Mobile 129.47% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)