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 282,200

millions

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%
   

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) 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%
   

 

Disclaimer

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