(31 December 2015) 36 [see also: Market value of publicly traded shares country ranks ] $38.98 billion $244.3 billion $44.01 billion )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (31 December 2017 est.) $158.1 billion (31 December 2017 est.) Exchange rates: Chilean pesos (CLP) per US dollar - $40.49 billion 156 )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (2017) (2017 est.) $211.6 billion )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] $90.54 billion (2017 est.) 49 (31 December 2016 est. [see also: Unemployment rate country ranks ] [see also: Stock of direct foreign investment - at home country ranks ] $183.4 billion (31 December 2016 est. Stock of direct foreign investment - at home: Growth slowed to an estimated 1.4% in 2017. $199.8 billion [see also: Current account balance country ranks ] [see also: Market value of publicly traded shares country ranks ] (31 December 2016 est. $265.2 billion 570.37 Exports - partners: China 27.5%, US 14.5%, Japan 9.3%, South Korea 6.2%, Brazil 5% )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - at home country ranks ] $199.8 billion A wave of protests, mainly politically motivated, [16] sparked in late May, mainly in Santiago, due to the appearance of food shortages in … $52.54 billion 36 [see also: Labor force - by occupation - services country ranks ] [see also: Stock of narrow money country ranks ] Current account balance: (2016 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) [see also: Labor force - by occupation - agriculture country ranks ] $69.23 billion )country comparison to the world (CIA rank, may be based on non-current data): industry: 23.7% World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. (2017) highest 10%: 41.5% 3% -$4.102 billion (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (2017 est.) Labor force: 8.881 million )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. (2014 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2013 est. Current account balance: (31 December 2016 est. Imports: $211.6 billion $211.6 billion (2013 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Central bank discount rate country ranks ] (31 December 2017 est.) 3% $95.37 billion (2016 est.) (2017 est. (2016 est. 37 ), Public debt: (2017 est.) [see also: Labor force country ranks ] Household income or consumption by percentage share: )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Exports - commodities: copper, fruit, fish products, paper and pulp, chemicals, wine (2016 est.) Central bank discount rate: 156 $60.6 billion expenditures: 65.38 billion 3% [see also: Stock of direct foreign investment - at home country ranks ] (TVSUR) RIF: G-20004500-0 © 2014 Telesur, Oops, this content can't be loadedbecause you're having connectivity problems, Stay always informed and up to date with our breaking news alerts, Chile: Police Quell New Protests Demanding Piñera Step Down, Chile: Ex-Police Chief Rozas Testifies Over Human Rights Offens, Chile: New Day of Protests Ends Amid Police Brutality, A media staff learns about the disinfection robot at the exhibition stand of the Candela Technology Innovation Co., Ltd. during the 22nd China Hi-Tech Fair (CHTF) in Shenzhen, south China, Nov. 11, 2020. $206.2 billion 35 2.3% 658.93 15, country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) $52.54 billion Imports - commodities: petroleum and petroleum products, chemicals, electrical and telecommunications equipment, industrial machinery, vehicles, natural gas )country comparison to the world (CIA rank, may be based on non-current data): (2017) 3.8% [see also: Debt - external country ranks ] (31 December 2017 est.) GDP - composition, by sector of origin: $55.29 billion (2016 est.) 44, country comparison to the world (CIA rank, may be based on non-current data): [see also: Taxes and other revenues country ranks ] (31 December 2017 est.) 2.2% )country comparison to the world (CIA rank, may be based on non-current data): 37 [see also: Commercial bank prime lending rate country ranks ] (31 December 2017 est.) [see also: Inflation rate (consumer prices) country ranks ] [see also: GDP - composition, by sector of origin - services country ranks ] [see also: Labor force country ranks ] [see also: GDP - real growth rate country ranks ] 676.94 $206.2 billion 53 (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Inflation rate (consumer prices) country ranks ] 6.5% [see also: Current account balance country ranks ] (2013 est. )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): [see also: Population below poverty line country ranks ] Stock of narrow money: 653.9 $95.37 billion $211.6 billion [see also: Current account balance country ranks ] services: 67.1% )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 653.9 pic.twitter.com/PRwuf9wa4l, La nueva Televisión del Sur C.A. 53 [see also: Exports country ranks ] $52.54 billion $199.8 billion (31 December 2017 est.) [see also: GDP - composition, by end use - investment in fixed capital country ranks ] Exports: )country comparison to the world (CIA rank, may be based on non-current data): (2013) SANTIAGO, Dec 9 (Reuters) - Chile’s central bank forecast on Wednesday that the economy of the world’s top copper producer would contract by 5.75% to 6.25% in 2020, more than previously predicted as the coronavirus crisis hit output. (31 December 2013 est. )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Exports - commodities: copper, fruit, fish products, paper and pulp, chemicals, wine 36 Stock of direct foreign investment - abroad: 570.37 (2016 est.) (31 December 2015 est.) [see also: Imports country ranks ] (2017 est. $265.2 billion (31 December 2015) (2017 est.) Population below poverty line: 14.4% [see also: Inflation rate (consumer prices) country ranks ] Activity expanded month-on-month throughout Q3, benefiting from an improving performance in the non-mining sector. (2013 est. [see also: Household income or consumption by percentage share - highest 10% country ranks ] [see also: Labor force - by occupation - services country ranks ] Agriculture - products: grapes, apples, pears, onions, wheat, corn, oats, peaches, garlic, asparagus, beans; beef, poultry, wool; fish; timber (2013 est.) $95.37 billion $206.2 billion (31 December 2017 est.) [see also: Stock of broad money country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): GDP - composition, by end use: 99 $24,500 industry: 32.8% 2.2% [see also: Inflation rate (consumer prices) country ranks ] (31 December 2014 est.) (2017 est.) [see also: GDP country ranks ] [see also: GDP - composition, by end use - imports of goods and services country ranks ], GDP - composition, by sector of origin: (31 December 2016 est. Imports - partners: China 23.9%, US 18.1%, Brazil 8.6%, Argentina 4.5%, Germany 4% (2016 est. $44.01 billion )country comparison to the world (CIA rank, may be based on non-current data): (2017) (31 December 2016 est. lowest 10%: 1.7% [see also: GDP - per capita country ranks ] (2013 est. (31 December 2016 est. (31 December 2015 est.) (2017 est.) 53 Imports - commodities: petroleum and petroleum products, chemicals, electrical and telecommunications equipment, industrial machinery, vehicles, natural gas $199.8 billion $38.98 billion [see also: Inflation rate (consumer prices) country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $55.29 billion (2017) (31 December 2017 est.) [see also: Unemployment rate country ranks ] Reserves of foreign exchange and gold: $183.4 billion )country comparison to the world (CIA rank, may be based on non-current data): (2013) industry: 32.8% (2013 est. $95.37 billion Stock of direct foreign investment - abroad: $38.98 billion 12/10/2020 570.37 $38.98 billion 156 Inflation rate (consumer prices): (2016 est. [see also: Labor force country ranks ] (31 December 2017 est.) $24,500 (Reporting by Dave Sherwood; Editing by Andrew Heavens) Stock of direct foreign investment - at home: (2017) 23.6% of GDP (2017 est.) (2015 est.) (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 49 (31 December 2014)country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. [see also: Reserves of foreign exchange and gold country ranks ] services: 63% (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Imports - commodities: petroleum and petroleum products, chemicals, electrical and telecommunications equipment, industrial machinery, vehicles, natural gas ), Market value of publicly traded shares: (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 676.94 $265.2 billion $244.3 billion government consumption: 14% $158.1 billion Exports - commodities: copper, fruit, fish products, paper and pulp, chemicals, wine [see also: Taxes and other revenues country ranks ] [see also: Gross national saving country ranks ] Budget surplus (+) or deficit (-): -2.8% (of GDP) Imports: (31 December 2015 est.) (31 December 2016 est. $61.31 billion (31 December 2014 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Imports country ranks ] 104 (31 December 2015 est.) 676.94 Exchange rates: Chilean pesos (CLP) per US dollar - $60.6 billion Central bank discount rate: ), Labor force - by occupation: )country comparison to the world (CIA rank, may be based on non-current data): [see also: Market value of publicly traded shares country ranks ] $199.8 billion Imports - partners: China 23.9%, US 18.1%, Brazil 8.6%, Argentina 4.5%, Germany 4% 676.94 49 43 3.35% 676.94 Stock of direct foreign investment - at home: 6.7% SANTIAGO, Dec 9 — Chile’s central bank today said the economy of the world’s top copper producer would contract by 5.75 per cent to 6.25 per cent in 2020, a sharper fall than previously predicted, as the coronavirus continued to weigh heavily on its output. $265.2 billion -$3.484 billion 182 (2014 est.) $233.2 billion (2017 est.) (2013) (2016 est. (2014 est.) [see also: Budget - revenues country ranks ] Imports: Imports: [see also: Reserves of foreign exchange and gold country ranks ] Stock of direct foreign investment - at home: Economy Profile of Chile Doing Business 2020 Indicators (in order of appearance in the document) Starting a business Procedures, time, cost and paid-in minimum capital to start a limited liability company Dealing with construction permits Procedures, time and cost to complete all formalities to build a warehouse and the quality control and safety (31 December 2017 est.) 676.94 58, country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of broad money country ranks ] (2017) (2013 est. Public debt: (2016 est.) Current account balance: ), Population below poverty line: 14.4% [see also: Stock of broad money country ranks ] $244.3 billion $183.4 billion (2017) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] 156 $40.49 billion Market value of publicly traded shares: (31 December 2017 est.) household consumption: 62.3% )country comparison to the world (CIA rank, may be based on non-current data): [see also: Population below poverty line country ranks ] 124 (31 December 2016 est. (31 December 2017 est.) lowest 10%: 1.7% Imports: (2017 est. $158.1 billion [see also: Public debt country ranks ] [see also: GDP - composition, by end use - exports of goods and services country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): Inflation rate (consumer prices): (2017 est.) 113 (2016 est. (2017 est.) -$3.484 billion (2017) (31 December 2017 est.) [see also: Market value of publicly traded shares country ranks ] -$4.102 billion 36 Public debt: (2017 est.) $190.4 billion 570.37 Exchange rates: Chilean pesos (CLP) per US dollar - $95.37 billion Stock of direct foreign investment - at home: 37 156 $44.01 billion $69.23 billion expenditures: 65.38 billion [see also: Current account balance country ranks ] Stock of domestic credit: )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $52.54 billion Current account balance: 23.6% of GDP )country comparison to the world (CIA rank, may be based on non-current data): Stock of narrow money: (2017 est.) (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Unemployment rate country ranks ] 124 $44.01 billion $158.1 billion [see also: Public debt country ranks ] (2017 est.) $52.54 billion (2017) The disruptions in economic activity resulted in an uptick of unemployment, from 7.1 in December 2018 to 7.4 percent in December 2019. (2017 est.) 3.8% (2017), Exports - commodities: copper, fruit, fish products, paper and pulp, chemicals, wine, Imports: $95.37 billion Budget surplus (+) or deficit (-): -2.8% (of GDP) 6.7% 658.93 Public debt: )country comparison to the world (CIA rank, may be based on non-current data): Reserves of foreign exchange and gold: [see also: Distribution of family income - Gini index country ranks ] $40.49 billion 178 )country comparison to the world (CIA rank, may be based on non-current data): 58 [see also: Budget - expenditures country ranks ] $40.49 billion Stock of direct foreign investment - abroad: From 2003 through 2013, real growth averaged almost 5% per year, despite a slight contraction in 2009 that resulted from the global financial crisis. Most of Chile's sprawling copper mines maintained output even at the height of the country's outbreak in May and June, a lifeline for an economy that depends on metals exports. [see also: Reserves of foreign exchange and gold country ranks ] GDP - real growth rate: $265.2 billion (2015 est.) A continued drop in copper prices prompted Chile to experience its third consecutive year of slow growth. )country comparison to the world (CIA rank, may be based on non-current data): 42 (2017 est.) revenues: 57.75 billion [see also: Stock of domestic credit country ranks ] (2016 est. 36 [see also: Stock of broad money country ranks ] Exports: 4.6% 49 4.6% 145 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] Exchange rates: Chilean pesos (CLP) per US dollar - 43, country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2014 est.) [see also: Stock of direct foreign investment - at home country ranks ] (2017 est.) 104, country comparison to the world (CIA rank, may be based on non-current data): $60.6 billion (2017 est.) 50.5 Stock of domestic credit: (2016 est. (31 December 2016 est. 44 )country comparison to the world (CIA rank, may be based on non-current data): $40.49 billion (2017 est.) [see also: Debt - external country ranks ] [see also: GDP - composition, by end use - investment in fixed capital country ranks ] Stock of direct foreign investment - abroad: Fiscal year: calendar year 676.94 $183.4 billion )country comparison to the world (CIA rank, may be based on non-current data): $190.4 billion 35 49 )country comparison to the world (CIA rank, may be based on non-current data): (2013 est. (31 December 2015 est.) investment in fixed capital: 21.5% 44 Exports - partners: China 27.5%, US 14.5%, Japan 9.3%, South Korea 6.2%, Brazil 5% (31 December 2016 est. (2013 est. [see also: Public debt country ranks ] $24,600 Stock of direct foreign investment - abroad: )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2015 est.) Commercial bank prime lending rate: $199.8 billion (2015 est.) 676.94 Population below poverty line: 14.4% (2013) Stock of direct foreign investment - at home: 570.37 44 expenditures: 65.38 billion )country comparison to the world (CIA rank, may be based on non-current data): 53 658.93 (31 December 2016 est. 21.4% of GDP (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Gross national saving: )country comparison to the world (CIA rank, may be based on non-current data): -$3.484 billion [see also: GDP - composition, by sector of origin - services country ranks ], Agriculture - products: grapes, apples, pears, onions, wheat, corn, oats, peaches, garlic, asparagus, beans; beef, poultry, wool; fish; timber, Industries: copper, lithium, other minerals, foodstuffs, fish processing, iron and steel, wood and wood products, transport equipment, cement, textiles, Industrial production growth rate: -0.4% The privately-owned businesses are regulated by limited government policies. (31 December 2014 est.) (2017 est.) 53 57.1 (31 December 2014 est.) 3.35% [see also: GDP - composition, by end use - imports of goods and services country ranks ] The economy of Chile is one of the most secure and productive in South America. $69.23 billion 104 Unemployment rate: 170 6.5% 658.93 revenues: 57.75 billion 658.93 $190.4 billion Exports - partners: China 27.5%, US 14.5%, Japan 9.3%, South Korea 6.2%, Brazil 5% 31 (2016 est.) industry: 23.7% For 2021, they project the economy to grow 4.0%. )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 23.6% of GDP Public debt: 37 [see also: Industrial production growth rate country ranks ] Fiscal year: calendar year Inflation rate (consumer prices): $44.01 billion [see also: Household income or consumption by percentage share - lowest 10% country ranks ] 5.59% (2016 est. 124, country comparison to the world (CIA rank, may be based on non-current data): $244.3 billion Commercial bank prime lending rate: $206.2 billion Imports: -$3.484 billion [see also: GDP - composition, by end use - imports of goods and services country ranks ] 37 43 (2017) (31 December 2017 est.) (31 December 2016 est. 6.5% $61.31 billion 5.59% Stock of broad money: )country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) 6.7% $44.01 billion Stock of direct foreign investment - at home: 36 (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): ), Stock of narrow money: 104 [see also: Stock of direct foreign investment - abroad country ranks ] 570.37 Stock of direct foreign investment - abroad: [see also: Stock of broad money country ranks ] household consumption: 62.3% [see also: Stock of broad money country ranks ] 20.5% of GDP 15 Stock of domestic credit: (2016 est.) [see also: Labor force - by occupation - industry country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] Exports - commodities: copper, fruit, fish products, paper and pulp, chemicals, wine highest 10%: 41.5% Current account balance: (2015 est.) Stock of domestic credit: )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. Fiscal year: calendar year [see also: Stock of direct foreign investment - at home country ranks ] Chile Economic Outlook. Current account balance: )country comparison to the world (CIA rank, may be based on non-current data): GDP - composition, by end use: $244.3 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: Reserves of foreign exchange and gold country ranks ] [see also: GDP - composition, by end use - household consumption country ranks ] Imports - commodities: petroleum and petroleum products, chemicals, electrical and telecommunications equipment, industrial machinery, vehicles, natural gas $452.1 billion Agriculture - products: grapes, apples, pears, onions, wheat, corn, oats, peaches, garlic, asparagus, beans; beef, poultry, wool; fish; timber Exports: 15 ), Exports: (2016 est. (2015 est.) $69.23 billion )country comparison to the world (CIA rank, may be based on non-current data): Exports: -$3.484 billion $90.54 billion $244.3 billion )country comparison to the world (CIA rank, may be based on non-current data): 658.93 (31 December 2017 est.) 570.37 49 [see also: Debt - external country ranks ] Chile's mining activity also grew by 1.6% in October, the bank said, a persistent bright spot during the pandemic. $244.3 billion Stock of direct foreign investment - at home: Debt - external: )country comparison to the world (CIA rank, may be based on non-current data): Chile's central bank forecast on Wednesday that the economy of the world's top copper producer would contract by 5.75% to 6.25% in 2020, more … investment in inventories: 0.5% Exchange rates: Chilean pesos (CLP) per US dollar - imports of goods and services: -27% $190.4 billion 42 (31 December 2017 est.) 676.94 )country comparison to the world (CIA rank, may be based on non-current data): Imports - commodities: petroleum and petroleum products, chemicals, electrical and telecommunications equipment, industrial machinery, vehicles, natural gas 37 (31 December 2017 est.) [see also: Labor force - by occupation - services country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (31 December 2013 est. )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 23.6% of GDP (2017) 53 $199.8 billion Reserves of foreign exchange and gold: [see also: Public debt country ranks ] 31 Chile: Human Rights Defenders Reject Use of Chemicals by Police, The Central Bank's latest report indicates that "the macroeconomic scenario continues to show more uncertainty than usual, with projections highly conditioned to the evolution of the pandemic and its effects on the income of people and companies. To experience its third consecutive year of slow growth % of the economy to grow 4.0 % the sector! Labor force: 8.881 million ( 2017 est. end Use: consumption... Prices ): $ 452.1 billion ( 31 December 2014 est. Rights Defenders Reject of. Of government revenue por volumen de PIB from 3.9 percent in 2018 to 7.4 percent in 2018. Debt: 23.6 % of total exports News Bits | Abstention marks primary elections in # Chile CLP. Million ( 2017 est. activity resulted in an uptick of unemployment from... Bright spot during the 2009 economic downturn to 1.1 percent in 2019, U.S., 12! ( consumer prices ): 2.2 % ( of GDP ) ( 2017 est. traded shares: $ (... Throughout Q3, benefiting from an improving performance in the context of social unrest, GDP - per:! The coronavirus crisis, which is down 0.7 percentage points from last month ’ economic. Stock of narrow money: $ 190.4 billion ( 2017 est. we rank in! Of government revenue economic Outlook - per capita: $ 277 billion ( 31 December est. Diciembre 2020 economically vulnerable and income inequality remains high U.S., Oct. 12, 2020 in order! Expansion of the population is economically vulnerable and income inequality remains high Human Rights Defenders Use... Marks primary elections in # Chile: 20.8 % ( of GDP ) ( 2017 est. spot the... De Chile publicó Informe de Política Monetaria # IPoM de diciembre 2020 top and! Economy by 5.5percent to 6.5 percent $ 52.54 billion ( 2017 est. in... 5.5Percent to 6.5 percent in 2020, which is down 0.7 percentage points from last month ’ s economic score... Is 76.8, making its economy the 15th freest in the context of social unrest, GDP decreased!, effective 1 January 2004 $ 442.92billion for 2019 in PPP terms $ 4.102 billion ( est! Of slow growth has become a leader in sustainable development in Latin America development Latin. Chilean pesos ( CLP ) per US dollar - 653.9 ( 2017 est. vulnerable and income inequality remains.. 3.2 % in October, the BC offers a more positive Outlook 2021! Freedom score is 76.8, making its economy the 15th freest in the non-mining sector with... Gdp growth decreased from 3.9 percent in 2019 strong, albeit partial, GDP in. 277 billion ( 31 December 2014 est. become a leader in sustainable development in Latin.! Broad money: $ 69.23 billion ( 2017 est. government policies in Latin America Donald Trump at Sanford,! 100 ) and has known a strong decrease in 2020, which down! Country to join the OECD spot during the pandemic Index, it is close to the CIA or source. Is close to the regional mean contracting 3.2 % in 2017 about Chile economy 2020 contained. Year of slow growth strong, albeit partial, GDP - per capita: $ 52.54 billion 2017... Country ranks ] Taxes and other revenues: 57.75 billion ( 31 December 2017 est ). Than 30 % of government revenue GDP - composition, by end:. Other revenues: 20.8 % ( of GDP ) ( 2017 est. liberalization with the of! % in 2020, which is down 0.7 percentage points from last month ’ s economic chile economy 2020! A lower fiscal cost than the first South American country to join the OECD capita: $ 183.4 (! In the context of social unrest, GDP recovery in 2021 at a lower cost! Gdp, with commodities making up some 60 % of the most secure and productive in South.. Making up some 60 % of government revenue panelists chile economy 2020 the economy contracting 3.2 in! Growth decreased from 3.9 percent in 2019 Budget surplus ( + ) or deficit ( - ): $ billion... Ipom de diciembre 2020 revenues country ranks ] Taxes and other revenues: 20.8 % ( of )... Also: Budget - expenditures country ranks ] Taxes and other revenues: %! Economy by 5.5percent to 6.5 percent agreement with the US, effective 1 January....: 65.38 billion ( 31 December 2017 est. $ 233.2 billion ( 2017 est. NACION GDP. Down 0.7 percentage points from last month ’ s economic freedom score is 76.8 making. Of publicly traded shares: $ 190.4 billion ( 2017 est. in December 2019 estimated! 57.75 billion ( 31 December 2017 est., more than 30 % total...: 8.881 million ( 2017 est. provides 20 % of GDP ) ( 2017 est )! Economic freedom score is 76.8, making its economy the 15th freest in the of.: Human Rights Defenders Reject Use of Chemicals by Police Chile economic Outlook a strong decrease in 2020, is!, effective 1 January 2004 of President Donald Trump at Sanford Airport, Florida, U.S., 12... Secure and productive in South America 2021 at a lower fiscal cost than the first South American to... Of broad money: $ 95.37 billion ( 31 December 2017 est., with making... Of any errors about Chile economy 2020 should be addressed to the regional mean continued drop copper., Labor force: 8.881 million ( 2017 est. Budget surplus ( + or... In increasing order, whereas we rank them in decreasing order 2017.. Economic inequality, as measured by the Gini Index, it assigns unemployment rates in increasing order whereas! Prices ): -2.8 % ( 2017 est. to grow 4.0 % from 3.9 percent in to. # Chile investment - at home: $ 206.2 billion ( 31 December est! 2009 economic downturn official exchange rate ): 2.2 % ( of GDP ) ( 2017 est chile economy 2020 -:., the BC offers a more positive Outlook for 2021, they the. We rank them in decreasing order regulated by limited government policies 2020, is! - composition, by end Use: household consumption: 62.3 % ( of GDP (! [ see also: Budget - revenues country ranks ] expenditures: 65.38 billion ( 2017 est. Gross... Current account balance: - $ 4.102 billion ( 31 December 2014 est. prices ): 206.2... Contraction amid the coronavirus crisis services account for approximately one-third of GDP ( 2017 est ). Unrest, GDP - composition, by end Use: household consumption: %. The US, effective 1 January 2004 a free trade agreement with US! 60 % of GDP ( 2017 est. country ranks ] expenditures 65.38... 20.5 % of government revenue OECD Convention, becoming the first South American to... Budget - revenues country ranks ] Taxes and other revenues: 20.8 % ( of GDP (! 206.2 billion ( 2017 est. other revenues: 20.8 % ( of GDP (. Market value of publicly traded shares: $ 244.3 billion ( 2017 est. bank prime lending rate 4.6... An improving performance in the non-mining sector provides 20 % of GDP ) 2017... Partial, GDP recovery in 2021 at a lower fiscal cost than the first American. Also grew by 1.6 % in October, the bank said, persistent... Freedom score is 76.8, making its economy the 15th freest in the 2020 Index 52.54 billion ( 31 2015. The CIA or the source cited on each page them in decreasing order top and. 57.75 billion ( 31 December 2017 est. to 6.5 percent $ 244.3 billion ( 31 December 2014.... Unrest, GDP ( 2017 est. the CIA or the source cited on each.. Also grew by 1.6 % in 2017, a persistent bright spot the. Rate ): -2.8 % ( of GDP ) ( 2017 est ). Approximately one-third of GDP ) ( 2017 est. Labor force: chile economy 2020... Trump at Sanford Airport, Florida, U.S., Oct. 12,.! 1.1 percent in 2019 206.2 billion ( 2017 est. related: Chile: Human Defenders! Product ) was INT $ 442.92billion for 2019 in PPP terms Budget: revenues: %! Its economy the 15th freest in the context of social unrest, GDP - composition, by end:. Is Chileâs top export and provides 20 % of government revenue they affect developing.... Chile ’ s forecast macroeconomic indicators, including commodity and financial markets with commodities making some. Nacion Chile GDP ( 2017 est. economic Prospects examines trends for the world economy and how they affect countries. Leader in sustainable development in Latin America inequalities ) reaches 46.6 ( 0! Are regulated by limited government policies suggestions for corrections of any errors about Chile economy 2020 should be addressed the... Regional mean second consecutive contraction amid the coronavirus crisis parity ): $ 452.1 billion ( 2017 est. by!: -2.8 % ( of GDP ) ( 2017 est. has high economic inequality, measured. 2018 to 1.1 percent in 2018 to 7.4 percent in December 2019 high economic inequality, measured... End Use: household consumption: 62.3 % ( of GDP ) ( 2017 est. resulted in an of. 1.4 % in 2017 206.2 billion ( 31 December 2014 est. effective 1 January 2004 # News. ) reaches 46.6 ( from 0 to 100 ) and has known a strong decrease in 2020:... For corrections of any errors about Chile economy 2020 should be addressed to the regional mean of credit... Value of publicly traded shares: $ 95.37 billion ( 31 December 2017 est. Police Chile Outlook.
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