logo

ECON FACTBOOK

Home    About

Economy of Chile

Population: 18 million in 20131

GDP: $277 billion in 20132

GDP per capita: $15,732 nominal3 ($21,911 PPP4) in 2013

GDP growth rate: 4.1% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Other activities9440.6%
Mining and utilities4419.2%
Manufacturing2711.7%
Wholesale, retail trade, restaurants and hotels2510.8%
Construction177.6%
Transport, storage and communication156.4%
Agriculture, hunting, forestry, fishing93.7%
Total value added231100%

Employment

Unemployment rate: 6.0% in 20137

Employment by Industry 20138

Employment sectorEmployees (thousands) 2013Percent of total
Wholesale trade, retail trade and repair motor vehicles1,61620.4%
Manufacturing89111.3%
Construction6828.6%
Agriculture, hunting and forestry6758.5%
Education6468.2%
Transport, storage and communications5777.3%
Real estate, renting and business activities5136.5%
Activities of private households as employers4846.1%
Public administration and defence4345.5%
Health and social work3464.4%
Hotels and restaurants2723.5%
Other community, social and personal services2543.2%
Mining and quarying2493.2%
Financial Intermediation1562.0%
Electricity, gas and water supply530.7%
Fishing510.6%
Extraterritorial organizations and bodies40.1%
Total employment7,904100%

Corporations

Top 1 Corporation by Revenue 2013* 9

RankCorporationRevenue ($ billions) 2013Profit ($ billions) 2013Assets ($ billions) 12/31/13Industry
1AntarChile200.419Diversified

* Corporate data calculated using the exchange rate 634 CLP = 1 USD

Households

Household Wealth: 587 (212% of GDP) in 201410

Household Wealth per Adult: $46,697 in 201410

Gini Coefficient: .508 in 201111

Government

Central Government

Central Government Revenue: $58 billion (21% of GDP) in 201312

Central Government Expenditure: $61 billion (22% of GDP) in 201312

Central Government Budget Balance: -$3 billion (-1% of GDP)12

Central Government Public Debt: $27 billion (10% of GDP) in Q3 2014* 13

Central Government 10 Year Bond Interest Rate: 4.15% on Jan 26, 201514

* Public debt calculated using the exchange rate 624 CLP = 1 USD

Government Funds

Fondo de Estabilidad Economica y Social: $15 billion (5% of GDP) in 201415

Fondo de Reserva de Pensiones: $8 billion (3% of GDP) in 201415

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 16

Corporate Tax Rate: 20% in 201417

* Individual thresholds calculated using the exchange rate 624 CLP = 1 USD

Monetary Policy

Money Supply (M0): $13 billion (5% of GDP) in Dec 2014* 18

Benchmark Interest Rate: 3% on Jan 1, 201519

Total Reserves: $41 billion (15% of GDP) in 201320

Exchange Rate: 624 Chilean Pesos = 1 U.S. Dollar21

Inflation: 1.8% in 201322

* Money supply was calculated using the exchange rate 624 CLP = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201223

RankFinancial InstitutionAssets ($ billions) 6/30/12
1Banco Santander Chile50
2Banco de Chile45
3Banco de Estado de Chile42
4Banco de Credito e Inversiones33
5CorpBanca26
6BBVA Chile18
7Scotiabank Chile12
8Banco Itau Chile10
9Banco Security8
10Banco BICE8

International Accounts

Exports: $78 billion (28% of GDP) in 201324

Imports: $76 billion (27% of GDP) in 201324

Trade Balance: -$2 billion (-1% of GDP) in 201324

Foreign Direct Investment Inflow: $20 billion (7% of GDP) in 201325

Foreign Direct Investment Outflow: $11 billion (4% of GDP) in 201325

Foreign Aid Inflow: N/A

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: World Bank Indicators (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Banco Central de Chile, Public Finances, Liabilities Assets and Debt, Liabilities of the Central Government (Public debt) Go back
14. Source: Investing.com (Government bond yield) Go back
15. Source: ESADE Sovereign Wealth Funds (Government Funds) Go back
16. Source: OECD Stats, Public Sector, Taxation, Tax Database (Individual tax rates) Go back
17. Source: Tax Foundation (Corporate tax rate) Go back
18. Source: Banco Central de Chile, Statistics, Money and Banking, Monetary base (Money supply) Go back
19. Source: Banco Central de Chile, Press Releases (Benchmark interest rate) Go back
20. Source: World Bank Indicators (Total reserves) Go back
21. Source: Yahoo Finance (Exchange rate) Go back
22. Source: World Bank Indicators (Inflation rate) Go back
23. Source: Relbanks.com (Financial institutions by assets) Go back
24. Source: CIA World Factbook (Trade data) Go back
25. Source: OECD FDI in Figures (FDI data) Go back