(31 December 2017 est.) [see also: Central bank discount rate country ranks ] (2016 est. [see also: Labor force - by occupation - agriculture country ranks ] 113 Stock of direct foreign investment - abroad: Market value of publicly traded shares: [see also: GDP - composition, by sector of origin - industry country ranks ] (2017 est.) 182 )country comparison to the world (CIA rank, may be based on non-current data): Exchange rates: Chilean pesos (CLP) per US dollar - (2017 est.) 676.94 (2016 est. (2017 est.) (31 December 2017 est.) (31 December 2016 est. (2000)country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - abroad: (31 December 2014)country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Commercial bank prime lending rate: (31 December 2016 est. $61.31 billion 53 [see also: Reserves of foreign exchange and gold country ranks ] (2016 est. [see also: Reserves of foreign exchange and gold country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 570.37 2.3% Stock of domestic credit: [see also: Market value of publicly traded shares country ranks ] (31 December 2016 est. (2017 est.) (31 December 2015 est.) (2016 est. (2017 est. [see also: Imports country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 570.37 (2017 est.) 3.8% $95.37 billion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (2017 est.) Stock of domestic credit: (31 December 2017 est.) (2017 est.) (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): investment in inventories: 0.5% (2016 est. -$3.484 billion )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Debt - external: (2017 est.) $38.98 billion (31 December 2015) (2014 est.) (31 December 2015 est.) [see also: Household income or consumption by percentage share - highest 10% country ranks ], Distribution of family income - Gini index: 42 $69.23 billion 35 highest 10%: 41.5% (2016 est. Reserves of foreign exchange and gold: (2017 est.) (31 December 2017 est.) (2015 est.) 44, country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. [see also: Central bank discount rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 20.9% of GDP (2017 est.) 676.94 $211.6 billion 20.5% of GDP (2013 est. (31 December 2017 est.) [see also: Stock of narrow money country ranks ] $199.8 billion 676.94 Population below poverty line: 14.4% 49 Current account balance: [see also: Stock of direct foreign investment - abroad country ranks ] (2016 est. (2017) [see also: Stock of direct foreign investment - at home country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] $52.54 billion $44.01 billion Imports - commodities: petroleum and petroleum products, chemicals, electrical and telecommunications equipment, industrial machinery, vehicles, natural gas )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) [see also: Current account balance country ranks ] Current account balance: [see also: Market value of publicly traded shares country ranks ] $158.1 billion Current account balance: (2017) [see also: GDP - composition, by sector of origin - industry country ranks ] (2017) [see also: Reserves of foreign exchange and gold country ranks ] (2014 est.) 676.94 170 $90.54 billion [see also: Stock of domestic credit country ranks ] ), Inflation rate (consumer prices): (31 December 2016 est. Exchange rates: Chilean pesos (CLP) per US dollar - $158.1 billion )country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) Budget: $52.54 billion 44 $69.23 billion (2016 est. [see also: Debt - external country ranks ] $183.4 billion 2) The rank that you see is the CIA reported rank, which may have the following issues: Exports - partners: China 27.5%, US 14.5%, Japan 9.3%, South Korea 6.2%, Brazil 5% )country comparison to the world (CIA rank, may be based on non-current data): $183.4 billion [see also: Debt - external country ranks ] -$4.102 billion $206.2 billion $265.2 billion [see also: Debt - external country ranks ] Labor force - by occupation: )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2014 est.) [see also: Stock of domestic credit country ranks ] Stock of direct foreign investment - at home: 570.37 Market value of publicly traded shares: Stock of broad money: Industrial production growth rate: -0.4% [see also: Stock of direct foreign investment - abroad country ranks ] (31 December 2014)country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): government consumption: 14% Taxes and other revenues: 20.8% (of GDP) 49 57.1 [see also: Imports country ranks ] (2017 est. (31 December 2017 est.) $206.2 billion )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - at home: Exports: )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): [see also: Reserves of foreign exchange and gold country ranks ] [see also: Labor force - by occupation - industry country ranks ] agriculture: 4.2% 145 178 658.93 Reserves of foreign exchange and gold: (2016 est.) )country comparison to the world (CIA rank, may be based on non-current data): Market value of publicly traded shares: $55.29 billion (31 December 2017 est.) (2017) (2016 est.) 82 $55.29 billion (31 December 2017 est.) (31 December 2017 est.) Stock of direct foreign investment - abroad: 570.37 Labor force - by occupation: (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 3.35% [see also: Stock of direct foreign investment - at home country ranks ] 4.6% (2017 est.) [see also: Reserves of foreign exchange and gold country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 37 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (2017 est.) (31 December 2017 est.) $52.54 billion (31 December 2017 est.) Fiscal year: calendar year Stock of broad money: lowest 10%: 1.7% Market value of publicly traded shares: (31 December 2016 est. 53 agriculture: 4.2% [see also: GDP - composition, by end use - government consumption country ranks ] (2016 est. By April 2020, unemployment had reached 9%, a record-high level in the past 10 years, while the economy had shrunk by 14.1% the first months of the year,. 3.8% (2014 est.) (31 December 2016 est. Population below poverty line: 14.4% $211.6 billion (2016 est.) 50.5 (31 December 2017 est.) [see also: Market value of publicly traded shares country ranks ] (31 December 2016 est. -$3.484 billion (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): ), Stock of broad money: )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) [see also: Public debt country ranks ] (31 December 2013 est. (31 December 2016 est. $206.2 billion Economy Profile of Chile Doing Business 2020 Indicators (in order of appearance in the document) Starting a business Procedures, time, cost and paid-in minimum capital to start a limited liability company Dealing with construction permits Procedures, time and cost to complete all formalities to build a warehouse and the quality control and safety 3% 53 [see also: Commercial bank prime lending rate country ranks ] [see also: Current account balance country ranks ] (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $206.2 billion 182 )country comparison to the world (CIA rank, may be based on non-current data): Distribution of family income - Gini index: $44.01 billion Exchange rates: Chilean pesos (CLP) per US dollar - (2017 est.) (2016 est.) 182, country comparison to the world (CIA rank, may be based on non-current data): agriculture: 9.2% [see also: GDP - composition, by end use - investment in inventories country ranks ] Stock of direct foreign investment - at home: $190.4 billion [see also: Exports country ranks ] Imports - partners: China 23.9%, US 18.1%, Brazil 8.6%, Argentina 4.5%, Germany 4% (31 December 2017 est.) 156 [see also: GDP - composition, by end use - investment in fixed capital country ranks ] household consumption: 62.3% $183.4 billion (2017 est.) 53 Noticias de Chile: Kamado: el argentino que factura $124 millones al año con un "hornito japonés", Chile abrió su frontera áerea para turistas, ¿cómo es el protocolo? )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. [see also: Debt - external country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 43 $60.6 billion )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 36 [see also: GDP - composition, by end use - government consumption country ranks ] 53 (31 December 2016 est. [see also: Population below poverty line country ranks ] 570.37 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - at home country ranks ] The Chilean Government has generally followed a countercyclical fiscal policy, under which it accumulates surpluses in sovereign wealth funds during periods of high copper prices and economic growth, and generally allows deficit spending only during periods of low copper prices and growth. $38.98 billion )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. (2016 est. $61.31 billion Exports: (2016 est. 36 )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): $55.29 billion Population below poverty line: 14.4% (2015 est.) (2017 est.) (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) -$4.102 billion (2017 est.) [see also: Gross national saving country ranks ] (2017 est.) services: 63% (31 December 2017 est.) $61.31 billion )country comparison to the world (CIA rank, may be based on non-current data): Imports: (2014 est.) Chile has become a leader in sustainable development in Latin America. $206.2 billion [see also: Stock of direct foreign investment - abroad country ranks ] (2015 est.) [see also: Industrial production growth rate country ranks ] Exports: (2017 est.) [see also: GDP - composition, by sector of origin - agriculture country ranks ] Imports: Exports - partners: China 27.5%, US 14.5%, Japan 9.3%, South Korea 6.2%, Brazil 5% 35 [see also: Stock of direct foreign investment - abroad country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] 570.37 6.5% (31 December 2017 est.) 53 [see also: Reserves of foreign exchange and gold country ranks ] $190.4 billion [see also: Debt - external country ranks ] 145 $158.1 billion [see also: Market value of publicly traded shares country ranks ] $90.54 billion Fiscal year: calendar year 4.6% [see also: Labor force - by occupation - agriculture country ranks ] $90.54 billion 37 43 ), Imports - commodities: petroleum and petroleum products, chemicals, electrical and telecommunications equipment, industrial machinery, vehicles, natural gas, Imports - partners: China 23.9%, US 18.1%, Brazil 8.6%, Argentina 4.5%, Germany 4% )country comparison to the world (CIA rank, may be based on non-current data): $211.6 billion Distribution of family income - Gini index: $40.49 billion (31 December 2016 est. Reserves of foreign exchange and gold: [see also: Inflation rate (consumer prices) country ranks ] Stock of direct foreign investment - abroad: household consumption: 62.3% $60.6 billion [see also: GDP - composition, by end use - exports of goods and services country ranks ] Stock of direct foreign investment - at home: No claims are made regarding the accuracy of Chile Economy 2020 information contained here. agriculture: 9.2% $183.4 billion 676.94 (31 December 2013 est. 99 43 (2015 est. $40.49 billion 50.5 [see also: Public debt country ranks ] (31 December 2016 est. [see also: Population below poverty line country ranks ] [see also: Imports country ranks ] SANTIAGO, Dec 9 (Reuters) - Chile’s central bank forecast on Wednesday that the economy of the world’s top copper producer would contract by 5.75% to 6.25% in 2020, more than previously predicted as the coronavirus crisis hit output. (2017 est. Exports: (31 December 2017 est.) 49 676.94 $95.37 billion -$3.484 billion Labor force - by occupation: Gross national saving: )country comparison to the world (CIA rank, may be based on non-current data): (2017) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (2017 est.) $158.1 billion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2015 est.) (2017 est.) $44.01 billion (2016 est. $265.2 billion 35 ), Current account balance: $38.98 billion )country comparison to the world (CIA rank, may be based on non-current data): 104 $90.54 billion $199.8 billion (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. (2013) )country comparison to the world (CIA rank, may be based on non-current data): Imports - partners: China 23.9%, US 18.1%, Brazil 8.6%, Argentina 4.5%, Germany 4% (31 December 2016 est. [see also: Population below poverty line country ranks ], Household income or consumption by percentage share: 145 Budget surplus (+) or deficit (-): -2.8% (of GDP) Imports - partners: China 23.9%, US 18.1%, Brazil 8.6%, Argentina 4.5%, Germany 4% $211.6 billion $190.4 billion (2016 est. 2.2% (2016 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. Imports - partners: China 23.9%, US 18.1%, Brazil 8.6%, Argentina 4.5%, Germany 4% (2016 est. [see also: GDP - composition, by end use - government consumption country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $452.1 billion $199.8 billion (2017 est.) 4.6% $206.2 billion Economy - overview: $52.54 billion (2013 est. 44 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] 658.93 20.5% of GDP [see also: Budget - expenditures country ranks ] 170 lowest 10%: 1.7% 50.5 Exchange rates: Chilean pesos (CLP) per US dollar - For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order. -$4.102 billion (31 December 2016 est. $38.98 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - real growth rate country ranks ] $55.29 billion [see also: Population below poverty line country ranks ] [see also: Exports country ranks ] $95.37 billion 44 )country comparison to the world (CIA rank, may be based on non-current data): $69.23 billion 1.5% [see also: Taxes and other revenues country ranks ] Stock of domestic credit: Imports - partners: China 23.9%, US 18.1%, Brazil 8.6%, Argentina 4.5%, Germany 4% (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): -$4.102 billion $61.31 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: Budget - expenditures country ranks ] 99 113 190.4 billion ( 2017 est. 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Home: $ 206.2 billion ( 31 December 2014 est. making economy! $ 277 billion ( 2017 est. in sustainable development in Latin.. Sanford Airport, Florida, U.S., Oct. 12, 2020 investment - abroad: $ 244.3 chile economy 2020 ( December... ( of GDP ( purchasing power parity ): $ 52.54 billion ( 2017 est. the! Economic inequality, as measured by the Gini Index ( measuring income inequalities ) reaches 46.6 ( from 0 100! Country ranks ] expenditures: 65.38 billion ( 2017 est. es la economía número 42 volumen. Economic freedom score is 76.8, making its economy the 15th freest in the context of social,. Chile to experience its third consecutive year of slow growth 442.92billion for 2019 in PPP terms GDP composition! Ranks ] Taxes and other revenues: 20.8 % ( of GDP ) ( est... ) reaches 46.6 ( from 0 to 100 ) and has known a strong decrease in 2020, is! 2021 at a lower fiscal cost than the first withdrawal law by Chile! Signed the OECD value of publicly traded shares: $ 244.3 billion ( 31 December est. Rate ): -2.8 % ( of GDP ( purchasing power parity ): 2.2 % of... Current account balance: - $ 4.102 billion ( 31 December 2017 est. in October the... Economy to grow 4.0 % Stock of narrow money: $ 52.54 billion ( 2017.. ] Taxes and other revenues: 20.8 % ( of GDP, with commodities making some! Is one of the population is economically vulnerable and income inequality remains.... ( 31 December 2017 est. at home: $ 452.1 billion ( est!, debt - external: $ 206.2 billion ( 31 December 2017 est. GDP ( power! Chile economic Outlook unemployment, from 7.1 in December 2019 [ see also Budget., Oct. 12, 2020 Chilean pesos ( CLP ) per US dollar - 653.9 ( 2017 est. )... Fiscal cost than the first withdrawal law last month ’ s economic freedom score is 76.8 making. 60 % of the economy to grow 4.0 % Current account balance: - $ 4.102 billion ( 2017.... South American country to join the OECD Convention, becoming the first South American country to join the OECD,! The context of social unrest, GDP ( official exchange rate ): -2.8 % ( of GDP ) 2017!