Markets Actual Q3 Q4 Q1 Q2 2022
Currency 784.63 796 804 811 819 836
Stock Market (points) 22278.84 21497 20734 19997 19288 17944
Government Bond 10y (%) 5.31 5.61 5.7 5.79 5.88 6.06

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 1.00 1.4 0.6 1 1 1
GDP Annual Growth Rate (%) 18.10 6.5 3.2 2.8 2.7 3.5
Unemployment Rate (%) 8.90 10.3 10.3 10.1 9.8 9
Inflation Rate (%) 4.80 3.5 3.4 2.3 1.9 2.9
Interest Rate (%) 1.50 1 1.5 1.75 2 2.5
Balance of Trade (USD Million) 6.00 700 700 850 850 700
Current Account (USD Million) -2638.00 -900 -1200 -2000 -1500 -1400
Current Account to GDP (% of GDP) 1.40 0.7 0.7 -1.2 -1.2 -1.2
Government Debt to GDP (% of GDP) 33.00 37 37 40 40 40
Government Budget (% of GDP) -7.10 -2.5 -2.5 -3.1 -3.1 -3.1
Business Confidence (points) 60.35 54 52 48 48 51
Consumer Confidence (points) 24.90 29.3 29.6 28.4 28.4 31
Retail Sales MoM (%) 6.20 1.5 10 3 3 20
Corporate Tax Rate (%) 27.00 27 27 27 27 27
Personal Income Tax Rate (%) 40.00 35 35 35 35 35

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 1.00 1.4 0.6 1 1 1
GDP Annual Growth Rate (%) 18.10 6.5 3.2 2.8 2.7 3.5
GDP (USD Billion) 252.90 270 270 270 270 280
GDP Constant Prices (CLP Billion) 39460.38 38279 38997 40153 40526 40362
Gross National Product (CLP Billion) 139178.75 158528 162103 143076 142937 148660
Gross Fixed Capital Formation (CLP Billion) 8218.00 7285 10592 8005 8440 9642
GDP per capita (USD) 14050.18 15000 15000 15000 15000 15200
GDP per capita PPP (USD) 23324.52 24080 24080 24080 24080 24080
GDP From Agriculture (CLP Billion) 870.00 537 1185 2030 893 1136
GDP From Construction (CLP Billion) 2160.00 1764 3159 2055 2218 2734
GDP From Manufacturing (CLP Billion) 4145.16 3935 4559 4261 4257 4365
GDP From Mining (CLP Billion) 3775.00 4151 4683 3701 3877 4330
GDP From Public Administration (CLP Billion) 1904.00 1985 1967 1935 1955 2014
GDP From Services (CLP Billion) 3902.00 3751 4266 3731 4007 4110
GDP From Transport (CLP Billion) 1565.00 1530 2293 1762 1607 1921
GDP From Utilities (CLP Billion) 1074.00 1088 1245 1085 1103 1198

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 8.90 10.3 10.3 10.1 9.8 9
Employed Persons (Thousand ) 8148.95 8200 8300 8500 8500 8800
Unemployed Persons (Thousand ) 799.38 1000 880 840 840 760
Employment Rate (%) 51.20 51.7 52 51.4 51.4 52.4
Labor Force Participation Rate (%) 56.20 56.8 57.3 57 57 57.5
Wages (CLP/Hour) 5378.00 5170 5180 5200 5200 5200
Wages in Manufacturing (points) 126.73 123 123 122 122 122
Minimum Wages (CLP/Month) 337000.00 337000 337000 347000 347000 347000
Population (Million) 19.46 19.68 19.68 19.83 19.83 19.83
Retirement Age Women 60.00 60 60 60 60 60
Retirement Age Men 65.00 65 65 65 65 65

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 4.80 3.5 3.4 2.3 1.9 2.9
Consumer Price Index CPI (points) 110.15 110 110 111 111 114
Core Consumer Prices (points) 108.41 107 109 109 110 112
Core Inflation Rate (%) 3.80 1.8 2.6 2.3 2.3 2.8
Food Inflation (%) 4.90 6.5 6 5.4 5.4 4.7
Inflation Rate Mom (%) 0.40 0.5 0.2 0.1 0.1 0.2
Producer Prices (points) 157.55 156 148 149 157 152
Producer Prices Change (%) 27.40 23 11 2.5 1.5 3
CPI Transportation (points) 111.31 105 106 108 111 109

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 1.50 1 1.5 1.75 2 2.5
Interbank Rate (%) 2.42 1.92 2.42 2.67 2.92 3.17
Money Supply M1 (CLP Billion) 80282.66 66500 64000 57000 57000 52000
Money Supply M2 (CLP Billion) 172452.24 159000 155000 152000 152000 151500
Money Supply M3 (CLP Billion) 291160.15 268000 265000 262000 262000 260000
Foreign Exchange Reserves (USD Million) 52022.30 39200 38600 39100 39100 38800
Banks Balance Sheet (CLP Million) 172741.00 169682 171333 172984 174636 177938
Deposit Interest Rate (%) 0.86 2.5 2.5 2.5 2.5 2.7
Private Debt to GDP (%) 219.90 207 207 205 205 205
Central Bank Balance Sheet (CLP Million) 64058.00 44000 42000 40000 40000 36000

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) 6.00 700 700 850 850 700
Current Account (USD Million) -2638.00 -900 -1200 -2000 -1500 -1400
Current Account to GDP (% of GDP) 1.40 0.7 0.7 -1.2 -1.2 -1.2
Imports (USD Million) 7816.00 5500 5800 5400 5400 5800
Exports (USD Million) 7822.00 6200 6500 6250 6250 6500
External Debt (USD Million) 224052.87 215000 221000 220700 221000 222000
Capital Flows (USD Million) -4795.00 -2050 -2050 -1800 -1800 -2200
Tourist Arrivals (Persons) 0.00 15000 23000 50000 50000 70000
Foreign Direct Investment (USD Million) -3436.00 1800 -500 -1300 -1300 -150

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 33.00 37 37 40 40 40
Government Budget (% of GDP) -7.10 -2.5 -2.5 -3.1 -3.1 -3.1
Government Budget Value (CLP Million) -3434359.80 -980000 -1120000 -700000 -750000 -693226
Government Spending (CLP Billion) 6197.00 5683 6435 4612 6364 6083
Government Revenues (CLP Million) 4140272.58 3600000 3430000 3500000 3500000 3556774
Fiscal Expenditure (CLP Million) 7574632.34 4580000 4550000 4200000 4250000 4250000
Military Expenditure (USD Million) 5036.00 5100 5100 5300 5300 5300

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 27.00 27 27 27 27 27
Personal Income Tax Rate (%) 40.00 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 Q3 Q4 Q1 Q2 2022
Business Confidence (points) 60.35 54 52 48 48 51
Industrial Production (%) 4.80 2.3 2.7 1.4 1.5 3
Industrial Production Mom (%) -0.90 2 0.5 0.7 0.4 1.1
Manufacturing Production (%) 11.00 3.5 2.2 1.7 1.5 2.4
Changes in Inventories (CLP Billion) 942.70 -300 -200 -200 -200 -200
Total Vehicle Sales (Units) 37564.00 26000 28000 25700 29000 30000
Leading Economic Index (%) 18.08 6.5 4.5 3.2 3.1 3.7
Mining Production (%) -2.00 2.8 3.7 1.8 1.8 3.5
Copper Production (Thousands of Tonnes) 470.30 510 550 540 560 570

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 24.90 29.3 29.6 28.4 28.4 31
Retail Sales MoM (%) 6.20 1.5 10 3 3 20
Retail Sales YoY (%) 62.20 6.5 2.5 3 2 2.5
Consumer Spending (CLP Billion) 26556.00 24256 29208 26020 27273 28424
Consumer Credit (CLP Billion) 23431.00 25343 24491 24126 23931 25349
Private Sector Credit (CLP Billion) 185086.99 194966 185559 187790 190084 192053
Gasoline Prices (USD/Liter) 1.21 1.15 1.09 1.04 0.99 0.94
Households Debt To GDP (% of GDP) 48.20 48.5 48.9 48.9 48.9 48.9
Bank Lending Rate (%) 4.67 4.92 7.03 5.67 5.92 6.17

Housing Actual Q3 Q4 Q1 Q2 2022
Housing Index (points) 221.10 208 208 204 204 206
Building Permits (Units) 12196.00 14000 9900 9700 15000 14000


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.