General Information

Copper represents 50.0% of the country's exports, followed by salmon at 4.8%, cellulose and paper at 4.7%, and fruit at 6.4%. Chile is also now the world's sixth largest wine producer.
(Sources: Central Bank, OIV)

Gross Domestic Product (GDP) % of regional GDP GDP per head

USD 277,000

millions

5.0%

 

USD 15,304

 

Economic Statistics (years 2014 - forecast 2019)

National Accounts 2014 2015 2016 2017 f.2018 f.2019
             
GDP growth (%) 1.8% 2.3% 1.3% 1.5% 3.9% 3.6%
Nominal GDP (USD millions) 260,500 244,000 250,000 277,000 318,500 342,600
GDP per Head (USD) 14,801 13,708 13,966 15,304 17,146 18,251
Inflation (%) 4.7% 4.4% 2.8% 2.3% 2.4% 3.1%
Fiscal Balance (% GDP) -1.5% -2.1% -2.7% -2.7% -1.9% -1.5%
General Govt. gross debt (% GDP) 15.0% 17.3% 21.0% 23.6% 24.6% 25.4%
   

Trade Statistics

Foreign Trade - Composition        
           
Exports     Imports    
           
By countries     By countries  
China 27.1%   China   23.6%
US 14.3%   US   17.9%
Japan 9.1%   Brazil   8.5%
South Korea 6.1%   Argentina   4.4%
           
By products     By products  
Fuels and mining prod. 58.7%   Manufactures 69.4%
Agricultural products 27.1%   Fuels and mining prod. 22.2%
Manufactures 13.3%   Agricultural products 8.5%
   
Balance of Payments (USD millions) 2014 2015 2016 2017 f.2018 f.2019
             
Exports of Goods 75,065 62,034 60,733 69,231 79,477 84,986
Exports growth (%) -2.2% -17.4% -2.1% 14.0% 14.8% 6.9%
Imports of Goods 68,599 58,609 55,293 61,309 68,014 72,156
Imports growth (%) -8.2% -14.6% -5.7% 10.9% 10.9% 6.1%
Foreign Trade (% GDP) 55% 49% 46% 47% 46% 46%
             
Current Account Balance -4,288 -5,511 -3,500 -4,147 -3,839 -4,293
% GDP -1.6% -2.3% -1.4% -1.5% -1.2% -1.3%
Foreign Direct Investment 24,012 20,469 12,225 6,418 12,300 14,250
% GDP 9.2% 8.4% 4.9% 2.3% 3.9% 4.2%
   

 

Disclaimer

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