Markets Actual Q2 Q3 Q4 Q1 2021
Currency 798.40 816 824 832 840 856
Stock Market (points) 18364.25 17972 17492 17025 16571 15662
Government Bond 10y (%) 2.18 2.23 2.29 2.35 2.41 2.52

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 3.00 -6 -3 -1 0.5 0.6
GDP Annual Growth Rate (%) 0.40 -4.5 -2.8 -2.5 1.5 3.5
Unemployment Rate (%) 9.00 9.5 10 10.5 9.8 9.3
Inflation Rate (%) 3.40 3.2 3.1 3.1 3.2 3
Interest Rate (%) 0.50 0.25 0.25 0.25 0.25 0.5
Balance of Trade (USD Million) 1219.00 100 -300 100 100 500
Current Account (USD Million) -969.04 -2000 -2500 -1000 -900 -1200
Current Account to GDP (%) -3.90 -4.1 -4.1 -4.1 -4.3 -2.4
Government Debt to GDP (%) 27.90 30 30 30 32 32
Government Budget (% of GDP) -1.60 -4.5 -4.5 -4.5 -2.5 -2.5
Business Confidence (points) 31.74 33 38 43 44 47
Consumer Confidence (points) 32.70 27 29 31 33 36
Retail Sales MoM (%) -25.20 -15 -3 -1 -25 10
Corporate Tax Rate (%) 27.00 27 27 27 27 27
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 3.00 -6 -3 -1 0.5 0.6
GDP Annual Growth Rate (%) 0.40 -4.5 -2.8 -2.5 1.5 3.5
GDP (USD Billion) 300.00 293 306 306 311 311
GDP Constant Prices (CLP Billion) 39017.23 38276 38925 37237 39602 38540
Gross National Product (CLP Billion) 148852.82 143553 144801 146371 151086 151494
Gross Fixed Capital Formation (CLP Billion) 7674.41 7986 8097 9704 7790 10044
GDP per capita (USD) 15130.20 14804 16500 16500 17000 17000
GDP per capita PPP (USD) 22873.81 22380 24500 24500 22380 23258
GDP From Agriculture (CLP Billion) 1893.07 870 526 1002 1921 1037
GDP From Construction (CLP Billion) 2300.11 2317 2339 2921 2335 3023
GDP From Manufacturing (CLP Billion) 4041.73 4000 3872 4055 4102 4197
GDP From Mining (CLP Billion) 3741.81 3746 3887 3921 3798 4059
GDP From Public Administration (CLP Billion) 1824.49 1749 1784 1796 1852 1858
GDP From Services (CLP Billion) 3666.39 3777 3750 3835 3721 3969
GDP From Transport (CLP Billion) 1870.65 1885 1964 1934 1899 2002
GDP From Utilities (CLP Billion) 1050.97 996 1033 1070 1067 1108

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 9.00 9.5 10 10.5 9.8 9.3
Employed Persons (Thousand ) 8942.42 8500 8440 8400 8480 8600
Unemployed Persons (Thousand ) 801.80 830 850 880 870 750
Employment Rate (%) 57.30 55 54.5 54 54.3 55.9
Labor Force Participation Rate (%) 62.50 62.3 62.1 62 62.2 62.9
Wages (CLP/Hour) 5043.30 5000 5000 5300 5300 5300
Wages in Manufacturing (points) 120.25 110 110 112 112 112
Minimum Wages (CLP/Month) 320500.00 320500 320500 320500 340000 340000
Population (Million) 19.11 18.73 18.73 19.51 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 640000 640000 640000
Living Wage Individual (CLP/Month) 388600.00 402500 402500 402500 402500 402500
Wages High Skilled (CLP/Month) 1154700.00 1200000 1200000 1191000 1191000 1211346

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 3.40 3.2 3.1 3.1 3.2 3
Consumer Price Index CPI (points) 105.01 105 106 107 108 110
Core Consumer Prices (points) 104.12 105 106 126 107 130
Core Inflation Rate (%) 2.30 2.9 3 2.9 2.8 2.6
Food Inflation (%) 6.60 5.9 5.3 4.5 4 3.5
Inflation Rate Mom (%) 0.00 0.3 0.2 0.3 0.2 0.3
Producer Prices (points) 117.06 115 116 123 120 127
Producer Prices Change (%) 1.80 1.1 1.5 1.8 2.1 3
CPI Transportation (points) 104.23 104 104 107 108 110

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 0.50 0.25 0.25 0.25 0.25 0.5
Interbank Rate (%) 0.45 2.11 2.11 2.11 2.11 2.11
Foreign Exchange Reserves (USD Million) 36861.00 39900 40100 40300 40300 41700
Banks Balance Sheet (CLP Million) 163966.00 156000 157000 158000 158000 162000
Deposit Interest Rate (%) 2.70 3.3 3.3 3.3 3.3 3.3
Private Debt to GDP (%) 196.30 184 184 184 184 184
Central Bank Balance Sheet (CLP Million) 22923.00 26900 26850 26850 26850 26991

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (USD Million) 1219.00 100 -300 100 100 500
Current Account (USD Million) -969.04 -2000 -2500 -1000 -900 -1200
Current Account to GDP (%) -3.90 -4.1 -4.1 -4.1 -4.3 -2.4
Imports (USD Million) 4135.06 5000 5900 6200 6200 6100
Exports (USD Million) 5354.23 5100 5600 6300 6300 6600
External Debt (USD Million) 196549.58 205000 208000 211000 211000 223000
Capital Flows (USD Million) -2928.26 -1400 -1400 -1400 -1400 -2205
Tourist Arrivals (Persons) 338951.00 280000 290000 290000 305000 307500
Foreign Direct Investment (USD Million) -4448.68 -800 -700 -600 -600 -500

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 27.90 30 30 30 32 32
Government Budget (% of GDP) -1.60 -4.5 -4.5 -4.5 -2.5 -2.5
Government Budget Value (CLP Million) -1274296.30 -300000 -300000 -300000 -300000 -285724
Government Spending (CLP Billion) 4387.36 5830 5495 5452 4453 5643
Government Revenues (CLP Million) 3505236.50 3300000 3300000 3300000 3300000 3296774
Fiscal Expenditure (CLP Million) 4779532.85 3600000 3600000 3600000 3600000 3582498
Military Expenditure (USD Million) 5382.00 5100 5100 5100 5100 5100

Taxes Actual Q2 Q3 Q4 Q1 2021
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 Q2 Q3 Q4 Q1 2021
Business Confidence (points) 31.74 33 38 43 44 47
Industrial Production (%) -3.80 -5 0.3 1.1 1.5 2.7
Industrial Production Mom (%) 0.20 -4 -2 -0.5 1 1.1
Manufacturing Production (%) -5.90 -6 0.5 1.5 1.8 2.2
Changes in Inventories (CLP Billion) 1027.24 800 600 -300 -300 -200
Total Vehicle Sales 19177.00 23000 28000 36000 34000 38000
Leading Economic Index (%) -3.50 -1.5 1.3 1.7 2.1 2.5
Mining Production (%) 2.30 1.5 1.8 2.2 2.2 3.7
Copper Production (Thousands of Tonnes) 474.90 400 460 510 490 550

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Confidence (points) 32.70 27 29 31 33 36
Retail Sales MoM (%) -25.20 -15 -3 -1 -25 10
Retail Sales YoY (%) -31.30 -3 -1 0.8 1.7 2.5
Consumer Spending (CLP Billion) 24258.08 24924 24696 25050 24622 25927
Consumer Credit (CLP Billion) 27052.00 25784 26344 27071 27458 28019
Private Sector Credit (CLP Billion) 176885.50 160584 167026 171288 179539 177283
Gasoline Prices (USD/Liter) 0.98 1.02 0.97 0.92 0.87 0.83
Households Debt To GDP (% of GDP) 47.30 47.4 47.4 47.9 47.9 49.2
Bank Lending Rate (%) 5.53 6.24 6.24 6.24 6.24 6.24

Housing Actual Q2 Q3 Q4 Q1 2021
Housing Index (points) 205.00 195 197 197 197 199
Building Permits (Units) 13764.00 12800 11000 12000 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.