General Information
Copper accounts for 50% of the country’s exports, followed by fruit at 8.4%, salmon at 7.8%, and cellulose and paper at 4.8%. Chile has also become the world’s sixth largest wine producer.
(Sources: Central Bank, Trademap)
Gross Domestic Product (GDP) | % of regional GDP | GDP per head |
USD 282,200millions |
5.7%
|
USD 14,853
|
Economic Statistics (years 2016 - forecast 2021)
National Accounts | 2016 | 2017 | 2018 | 2019 | f.2020 | f.2021 |
GDP growth (%) | 1.6% | 1.4% | 4.0% | 1.0% | -4.8% | 4.2% |
Nominal GDP (USD millions) | 250,400 | 277,000 | 298,200 | 282,200 | 233,900 | 264,000 |
GDP per Head (USD) | 13,758 | 14,973 | 15,947 | 14,853 | 12,246 | 13,750 |
Inflation (%) | 2.7% | 2.3% | 2.1% | 3.0% | 3.3% | 2.9% |
Fiscal Balance (% GDP) | -2.7% | -2.8% | -1.7% | -2.8% | -10.5% | -5.4% |
General Govt. gross debt (% GDP) | 21.0% | 24.5% | 26.6% | 28.6% | 36.9% | 37.7% |
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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% |
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Balance of Payments (USD millions) | 2016 | 2017 | 2018 | 2019 | f.2020 | f.2021 |
Exports of Goods | 60,719 | 68,823 | 75,200 | 69,889 | 61,292 | 68,231 |
Exports growth (%) | -2.1% | 13.3% | 9.3% | -7.1% | -12.3% | 11.3% |
Imports of Goods | 55,855 | 61,472 | 70,556 | 65,724 | 61,668 | 65,577 |
Imports growth (%) | -4.7% | 10.1% | 14.8% | -6.8% | -6.2% | 6.3% |
Foreign Trade (% GDP) | 47% | 47% | 49% | 48% | 53% | 51% |
Current Account Balance | -4,974 | -6,445 | -10,601 | -10,933 | -12,665 | -12,669 |
% GDP | -2.0% | -2.3% | -3.6% | -3.9% | -5.4% | -4.8% |
Foreign Direct Investment | 12,136 | 5,852 | 6,082 | 10,797 | 5,399 | 7,558 |
% GDP | 4.8% | 2.1% | 2.0% | 3.8% | 2.3% | 2.9% |
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