Chile Economic Statistics and Indicators
29, May 2016, EDT. Welcome to the Chile economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Chile › Change country
National or Regional Currency: Chilean Peso, CLP
Year of data: 2014 › Change year
Number of Indicators Listed: 40
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 17,363,894 (July 2014 est.)
Area: total: 756,102 sq km ; land: 743,812 sq km ; water: 12,290 sq km ; note: includes Easter Island (Isla de Pascua) and Isla Sala y Gomez
Natural Resources: copper, timber, iron ore, nitrates, precious metals, molybdenum, hydropower
Capital: name: Santiago; note - Valparaiso is the seat of the national legislature ; geographic coordinates: 33 27 S, 70 40 W ; time difference: UTC-4 (1 hour ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, under a new pilot program that begins second Sunday in September and ends fourth Sunday in April
Chile has a market-oriented economy characterized by a high level of foreign trade and a reputation for strong financial institutions and sound policy that have given it the strongest sovereign bond rating in South America. Exports of goods and services account for approximately one-third of GDP, with commodities making up some three-quarters of total exports. Copper alone provides 19% of government revenue. From 2003 through 2013, real growth averaged almost 5% per year, despite the slight contraction in 2009 that resulted from the global financial crisis. Chile deepened its longstanding commitment to trade liberalization with the signing of a free trade agreement with the US, which took effect on 1 January 2004. Chile has 22 trade agreements covering 60 countries including agreements with the European Union, Mercosur, China, India, South Korea, and Mexico. Chile has joined the United States and nine other countries in negotiating the Trans-Pacific-Partnership trade agreement. The Chilean Government has generally followed a countercyclical fiscal policy, accumulating surpluses in sovereign wealth funds during periods of high copper prices and economic growth, and generally allowing deficit spending only during periods of low copper prices and growth. As of 31 December 2012, those sovereign wealth funds - kept mostly outside the country and separate from Central Bank reserves - amounted to more than $20.9 billion. Chile used these funds to finance fiscal stimulus packages during the 2009 economic downturn. In May 2010 Chile signed the OECD Convention, becoming the first South American country to join the OECD.
More on the Chile Economy
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GDP (Constant Prices, National Currency) for Chile in year 2014 is CLP 116,362.07 Billion.
GDP (Current Prices, National Currency) for Chile in year 2014 is CLP 146,977.09 Billion.
GDP (Current Prices, US Dollars) for Chile in year 2014 is US$ 264.095 Billion.
GDP Deflator for Chile in year 2014 is 126.31 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Constant Prices, National Currency) for Chile in year 2014 is CLP 6,570,043.55 .
GDP Per Capita (Current Prices, National Currency) for Chile in year 2014 is CLP 8,298,631.40 .
GDP Per Capita (Current Prices, US Dollars) for Chile in year 2014 is US$ 14,911.34 .
GDP (PPP), US Dollars for Chile in year 2014 is US$ 410.277 Billion.
GDP Per Capita (PPP), US Dollars for Chile in year 2014 is US$ 23,165.11 .
Implied PPP Conversion Rate for Chile in year 2014 is 358.238 .
Investment (% of GDP) for Chile in year 2014 is 22.189 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Chile in year 2014 is 104.26 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Chile in year 2014 is 105.911 (Index, Base Year 2000 = 100).
Population for Chile in year 2014 is 17.711 Million .
General government revenue (National Currency) for Chile in year 2014 is CLP 33,127.90 Billions.
General government total expenditure (National Currency) for Chile in year 2014 is CLP 35,705.64 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Chile in year 2014 is CLP -2,577.74 Billions.
General Government Structural Balance (National Currency) for Chile in year 2014 is CLP -2,202.81 Billion.
Fiscal Year Gross Domestic Product, Current Prices for Chile in year 2014 is CLP 146,977.09 Billions.
Current Account Balance (US Dollars) for Chile in year 2014 is US$ -4.851 Billion.
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|Internet Penetration Rate for Chile|
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Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International