Markets Actual Q4 Q1 Q2 Q3 2021
Currency 775.03 783 790 798 806 821
Stock Market (points) 18732.12 18664 18166 17681 17209 16265
Government Bond 10y (%) 2.74 2.83 2.9 2.97 3.05 3.19

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -13.20 2 1.5 0.6 0.8 0.6
GDP Annual Growth Rate (%) -14.10 -6 -1 9 6.5 4.5
Unemployment Rate (%) 12.90 12.5 12.1 11.9 11.6 11.3
Inflation Rate (%) 3.10 2.7 2.9 3.1 3 3
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 0.5
Balance of Trade (USD Million) 886.00 100 800 800 700 500
Current Account (USD Million) 1154.00 500 -200 -600 -900 -1200
Current Account to GDP (%) -3.90 -4.1 -4.3 -4.3 -4.4 -4.4
Government Debt to GDP (%) 27.90 30 32 32 32 32
Government Budget (% of GDP) -1.60 -4.5 -2.5 -2.5 -2.5 -2.5
Business Confidence (points) 49.81 42.5 43 43.5 44 45
Consumer Confidence (points) 25.50 24 24.5 25 28 31
Retail Sales MoM (%) 28.90 10 4.5 2.5 1.5 10
Corporate Tax Rate (%) 27.00 27 27 27 27 27
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -13.20 2 1.5 0.6 0.8 0.6
GDP Annual Growth Rate (%) -14.10 -6 -1 9 6.5 4.5
GDP (USD Billion) 282.30 255 270 270 270 270
GDP Constant Prices (CLP Billion) 33824.52 41519 36335 38585 36869 42847
Gross National Product (CLP Billion) 148852.82 157076 142899 147364 162250 162103
Gross Fixed Capital Formation (CLP Billion) 6937.97 10264 9474 7607 7562 10592
GDP per capita (USD) 15091.50 14650 15000 15000 15000 15000
GDP per capita PPP (USD) 24226.15 23430 24080 24080 24080 24080
GDP From Agriculture (CLP Billion) 837.01 1148 978 1831 912 1185
GDP From Construction (CLP Billion) 1885.82 3061 2852 2283 2056 3159
GDP From Manufacturing (CLP Billion) 3659.34 4417 3959 3987 3989 4559
GDP From Mining (CLP Billion) 3892.09 4538 3828 3710 4242 4683
GDP From Public Administration (CLP Billion) 1831.91 1906 1753 1816 1997 1967
GDP From Services (CLP Billion) 3495.62 4134 3744 3640 3810 4266
GDP From Transport (CLP Billion) 1265.28 2222 1888 1854 1379 2293
GDP From Utilities (CLP Billion) 987.76 1206 1045 1047 1077 1245

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 12.90 12.5 12.1 11.9 11.6 11.3
Employed Persons (Thousand ) 7192.21 7250 7400 7600 7800 8200
Unemployed Persons (Thousand ) 1067.68 1050 1030 1010 1000 880
Employment Rate (%) 45.70 46 46.5 47 47.5 48
Labor Force Participation Rate (%) 52.50 53.4 53.8 54.2 54.8 55.5
Wages (CLP/Hour) 5060.35 5090 5100 5120 5140 5180
Wages in Manufacturing (points) 120.02 119 118 117 119 120
Minimum Wages (CLP/Month) 320500.00 320500 340000 340000 340000 340000
Population (Million) 19.11 19.51 19.51 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

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 3.10 2.7 2.9 3.1 3 3
Consumer Price Index CPI (points) 105.80 122 106 108 108 110
Core Consumer Prices (points) 104.84 126 105 107 107 130
Core Inflation Rate (%) 2.20 2.2 2.3 2.5 2.5 2.6
Food Inflation (%) 8.30 5.9 5.6 5.5 5.1 4.9
Inflation Rate Mom (%) 0.60 0.3 0.2 0.2 0.1 0.3
Producer Prices (points) 126.86 123 130 123 123 133
Producer Prices Change (%) 11.30 7.5 5 4 3.7 3
CPI Transportation (points) 101.53 107 106 108 106 110

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 0.5
Interbank Rate (%) 0.25 3.29 0.25 0.25 0.25 3.54
Foreign Exchange Reserves (USD Million) 37821.40 40300 40300 40300 40300 41700
Banks Balance Sheet (CLP Million) 135971.00 134000 133000 135000 137000 142000
Deposit Interest Rate (%) 2.53 2.3 2.5 2.5 2.5 3.3
Private Debt to GDP (%) 205.50 210 207 207 207 207
Central Bank Balance Sheet (CLP Million) 48446.00 47000 46000 45000 44000 42000

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) 886.00 100 800 800 700 500
Current Account (USD Million) 1154.00 500 -200 -600 -900 -1200
Current Account to GDP (%) -3.90 -4.1 -4.3 -4.3 -4.4 -4.4
Imports (USD Million) 4576.78 4900 5100 5300 5500 5800
Exports (USD Million) 5462.78 5700 5900 6000 6200 6500
External Debt (USD Million) 209504.82 218000 219000 220000 222000 223000
Capital Flows (USD Million) 1161.77 -1500 -1700 -1900 -2050 -2205
Tourist Arrivals (Persons) 0.00 5100 7000 10000 15000 23000
Foreign Direct Investment (USD Million) -2423.34 -1000 -800 -800 -500 -500

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 27.90 30 32 32 32 32
Government Budget (% of GDP) -1.60 -4.5 -2.5 -2.5 -2.5 -2.5
Government Budget Value (CLP Million) -2936043.10 -285724 -1320000 -1310000 -1210000 -285717
Government Spending (CLP Billion) 5276.97 6236 5322 4334 5752 6435
Government Revenues (CLP Million) 2861965.61 3270000 3330000 3390000 3410000 3430000
Fiscal Expenditure (CLP Million) 5798008.68 4620000 4640000 4600000 4580000 4550000
Military Expenditure (USD Million) 5382.00 5100 5100 5100 5100 5100

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2021
Business Confidence (points) 49.81 42.5 43 43.5 44 45
Industrial Production (%) -4.80 -1.3 0.8 1.7 2.3 2.7
Industrial Production Mom (%) 0.00 0.5 0.2 0.6 0.8 1.1
Manufacturing Production (%) -8.20 -3 -0.8 6 3.5 2.2
Changes in Inventories (CLP Billion) 516.04 -300 -300 -300 -300 -200
Total Vehicle Sales 19037.00 25000 29000 31000 33000 35000
Leading Economic Index (%) -11.30 -2.5 1.3 8 6.5 4.5
Mining Production (%) -2.00 1.5 1.5 2.4 2.8 3.7
Copper Production (Thousands of Tonnes) 489.50 510 490 480 490 550

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) 25.50 24 24.5 25 28 31
Retail Sales MoM (%) 28.90 10 4.5 2.5 1.5 10
Retail Sales YoY (%) 2.80 -0.6 9 16 6.5 2.5
Consumer Spending (CLP Billion) 19781.48 28302 24456 24051 21562 29208
Consumer Credit (CLP Billion) 24150.00 27497 26429 26781 27533 28377
Private Sector Credit (CLP Billion) 182915.23 162621 167224 179847 200771 174749
Gasoline Prices (USD/Liter) 0.94 1 0.88 0.84 0.8 0.95
Households Debt To GDP (% of GDP) 47.30 47.9 48 48.2 48.5 48.9
Bank Lending Rate (%) 4.44 6.78 4.82 4.82 4.82 7.03

Housing Actual Q4 Q1 Q2 Q3 2021
Housing Index (points) 200.50 201 201 201 202 2002
Building Permits (Units) 5476.00 6800 7500 8100 9300 10100


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.