Markets Actual Q2 Q3 Q4 Q1 2022
Currency 707.90 709 716 723 730 744
Stock Market (points) 22631.98 22295 21699 21120 20556 19429
Government Bond 10y (%) 3.71 3.8 3.9 3.99 4.09 4.29

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 6.80 2.8 1.4 0.6 1 1
GDP Annual Growth Rate (%) 0.00 12 6.5 6.2 1.8 3.5
Unemployment Rate (%) 12.10 11.9 11.6 11.3 10.9 9
Inflation Rate (%) 3.30 2.1 2.7 3.4 3.2 2.9
Interest Rate (%) 0.50 0.5 0.5 0.5 0.75 1
Balance of Trade (USD Million) 2039.74 1550 700 500 700 700
Current Account (USD Million) 503.18 -600 -900 -1200 -2000 -1400
Current Account to GDP (%) 1.40 0.7 0.7 0.7 -1.2 -1.2
Government Debt to GDP (%) 33.00 37 37 37 40 40
Government Budget (% of GDP) -1.60 -3.2 -3.2 -3.2 -3.1 -3.1
Business Confidence (points) 51.42 52 54 52 48 51
Consumer Confidence (points) 29.20 27.5 29.3 29.6 28.4 31
Retail Sales MoM (%) 10.90 2.5 1.5 10 3 20
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 2022
GDP Growth Rate (%) 6.80 2.8 1.4 0.6 1 1
GDP Annual Growth Rate (%) 0.00 12 6.5 6.2 1.8 3.5
GDP (USD Billion) 282.30 270 270 270 270 280
GDP Constant Prices (CLP Billion) 37780.58 37693 37678 40123 38461 41527
Gross National Product (CLP Billion) 139178.75 166715 158528 147808 141684 152981
Gross Fixed Capital Formation (CLP Billion) 9027.11 7372 7285 9587 9190 9922
GDP per capita (USD) 15091.50 15000 15000 15000 15000 15200
GDP per capita PPP (USD) 24226.15 24080 24080 24080 24080 24080
GDP From Agriculture (CLP Billion) 1063.62 954 537 1130 1083 1169
GDP From Construction (CLP Billion) 2559.24 2107 1764 2718 2605 2813
GDP From Manufacturing (CLP Billion) 4173.49 3985 3935 4432 4249 4587
GDP From Mining (CLP Billion) 4053.79 4115 4151 4305 4127 4456
GDP From Public Administration (CLP Billion) 1885.72 2053 1985 2003 1920 2073
GDP From Services (CLP Billion) 3848.24 3955 3751 4087 3918 4230
GDP From Transport (CLP Billion) 1798.70 1465 1530 1910 1831 1977
GDP From Utilities (CLP Billion) 1122.00 1079 1088 1192 1142 1233

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 12.10 11.9 11.6 11.3 10.9 9
Employed Persons (Thousand ) 8148.21 7600 7800 8200 8500 8800
Unemployed Persons (Thousand ) 941.09 1010 1000 880 840 760
Employment Rate (%) 50.80 48.7 51.7 52 51.4 52.4
Labor Force Participation Rate (%) 56.60 57.1 56.8 57.3 57 57.5
Wages (CLP/Hour) 5275.76 5270 5170 5180 5200 5200
Wages in Manufacturing (points) 125.17 123 123 123 122 122
Minimum Wages (CLP/Month) 320500.00 340000 340000 340000 360000 360000
Population (Million) 19.11 19.51 19.51 19.89 19.89 20.27
Retirement Age Women 60.00 60 60 60 60 60
Retirement Age Men 65.00 65 65 65 65 65

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 3.30 2.1 2.7 3.4 3.2 2.9
Consumer Price Index CPI (points) 108.50 107 109 110 112 114
Core Consumer Prices (points) 107.10 104 106 130 109 112
Core Inflation Rate (%) 2.60 1.4 1.8 2.6 2.3 2.8
Food Inflation (%) 5.20 6.8 6.5 6 5.4 4.7
CPI Transportation (points) 106.31 105 104 106 109 109
Inflation Rate Mom (%) 0.40 0.3 0.5 0.2 0.1 0.2
Producer Prices (points) 145.42 128 134 137 143 141
Producer Prices Change (%) 24.10 8 6 3 2.5 3

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 0.50 0.5 0.5 0.5 0.75 1
Interbank Rate (%) 0.34 0.26 0.26 0.26 0.51 0.51
Money Supply M1 (CLP Billion) 68577.64 68700 66500 64000 57000 52000
Money Supply M2 (CLP Billion) 160365.43 164100 159000 155000 152000 151500
Money Supply M3 (CLP Billion) 267298.17 275000 268000 265000 262000 260000
Foreign Exchange Reserves (USD Million) 42282.10 38700 39200 38600 39100 38800
Banks Balance Sheet (CLP Million) 165279.00 170000 168000 166000 162000 160000
Deposit Interest Rate (%) 0.86 2.5 2.5 2.5 2.5 2.7
Central Bank Balance Sheet (CLP Million) 49532.00 48000 44000 42000 40000 36000
Private Debt to GDP (%) 205.50 207 207 207 205 205

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) 2039.74 1550 700 500 700 700
Current Account (USD Million) 503.18 -600 -900 -1200 -2000 -1400
Current Account to GDP (%) 1.40 0.7 0.7 0.7 -1.2 -1.2
Imports (USD Million) 6074.72 5300 5500 5800 5400 5800
Exports (USD Million) 8114.46 6000 6200 6500 6250 6500
External Debt (USD Million) 210898.10 220000 215000 221000 220700 222000
Capital Flows (USD Million) 1657.04 -1900 -2050 -2050 -1800 -2200
Foreign Direct Investment (USD Million) 2844.98 -1000 1800 -500 -1300 -150
Tourist Arrivals (Persons) 0.00 10000 15000 23000 50000 70000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 33.00 37 37 37 40 40
Government Budget (% of GDP) -1.60 -3.2 -3.2 -3.2 -3.1 -3.1
Government Budget Value (CLP Million) -1636443.10 -910000 -1010000 -285717 -1120000 -693226
Government Spending (CLP Billion) 5695.45 5751 5683 6049 5798 6260
Government Revenues (CLP Million) 4267280.55 3590000 3600000 3430000 3500000 3556774
Fiscal Expenditure (CLP Million) 5903723.61 4600000 4580000 4550000 4200000 4250000
Military Expenditure (USD Million) 5562.00 5100 5100 5100 5300 5300

Taxes Actual Q2 Q3 Q4 Q1 2022
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 2022
Business Confidence (points) 51.42 52 54 52 48 51
Industrial Production (%) 2.90 1.7 2.3 2.7 1.4 3
Industrial Production Mom (%) 1.30 0.8 2 0.5 0.7 1.1
Manufacturing Production (%) 3.90 6 3.5 2.2 1.7 2.4
Changes in Inventories (CLP Billion) -2460.10 -300 -300 -200 -200 -200
Total Vehicle Sales (Units) 24492.00 19000 26000 28000 25700 30000
Leading Economic Index (%) 6.40 3 6.5 4.5 3.2 3.7
Copper Production (Thousands of Tonnes) 491.70 480 490 550 540 570
Mining Production (%) 2.10 2.4 2.8 3.7 1.8 3.5

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 29.20 27.5 29.3 29.6 28.4 31
Retail Sales MoM (%) 10.90 2.5 1.5 10 3 20
Retail Sales YoY (%) 23.80 16 6.5 2.5 3 2.5
Consumer Spending (CLP Billion) 26611.12 22238 24256 28261 27090 29250
Consumer Credit (CLP Billion) 23469.00 28291 25343 25203 23891 26086
Private Sector Credit (CLP Billion) 181618.57 207297 194966 190953 184888 197636
Bank Lending Rate (%) 4.84 4.88 4.88 4.88 5.13 5.13
Gasoline Prices (USD/Liter) 1.18 0.98 0.93 0.95 0.84 0.8
Households Debt To GDP (% of GDP) 48.20 48.2 48.5 48.9 48.9 48.9

Housing Actual Q2 Q3 Q4 Q1 2022
Housing Index (points) 217.10 206 208 208 204 206
Building Permits (Units) 10710.00 8100 9300 10100 7800 11600


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.