Macroeconomics indicators

Macroeconomics indicators

From: www.tradingeconomics.comCHILE GDPThe Gross Domestic Product (GDP) in Chile was worth 268 billion US dollars in 2012. The GDP value of Chile represents 0.43 percent of the world economy. GDP in Chile is reported by the The World Bank Group. Chile GDP averaged 55.88 USD Billion from 1960 until 2012, reaching an all time high of 268.00 USD Billion in December of 2012 and a record low of 4.20 USD Billion in December of 1960. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.

Chile GDP in more recent years

CHILE GDP PER CAPITA

The Gross Domestic Product per capita in Chile was last recorded at 9447.08 US dollars in 2012. The GDP per Capita in Chile is equivalent to 76 percent of the world's average. GDP per capita in Chile is reported by the World Bank. Chile GDP per capita averaged 4642.87 USD from 1960 until 2012, reaching an all time high of 9447.08 USD in December of 2012 and a record low of 2479.19 USD in December of 1960. The GDP per capita is obtained by dividing the countrys gross domestic product, adjusted by inflation, by the total population.

CHILE GDP GROWTH RATE

The Gross Domestic Product (GDP) in Chile expanded 0.50 percent in the second quarter of 2013 over the previous quarter. GDP Growth Rate in Chile is reported by the Banco Central de Chile. Chile GDP Growth Rate averaged 0.99 Percent from 1997 until 2013, reaching an all time high of 4.50 Percent in June of 2010 and a record low of -2.70 Percent in December of 1998. Chile is one of Latin Americas fastest growing economies and has one of the highest GDP per capita in the region. From 1997 to 2012, Chile has been expanding at an average growth rate of 1 percent, on a quarter over quarter basis, mostly due to rise in exports. Chile is the worlds largest producer and exporter of copper. More recently, Chile has been diversifying its industrial base and it has become a success case in the production of salmon and wine.

CHILE GDP ANNUAL GROWTH RATE

The Gross Domestic Product (GDP) in Chile expanded 4.10 percent in the second quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Chile is reported by the Banco Central de Chile. Chile GDP Annual Growth Rate averaged 5.50 Percent from 1987 until 2013, reaching an all time high of 16.15 Percent in September of 1992 and a record low of -4.07 Percent in June of 1999. The most important sector of Chilean economy is services. Trade, restaurants and hotels, transport, communications, financial and business services, real estate and personal services account for more than 56 percent of the GDP. Mining constitutes 13 percent of the output with copper representing the biggest part. Manufacturing creates 12 percent of the wealth and construction and water, gas and electricity distribution 11 percent. The government fuels 5 percent of the output and the agriculture and fishing sector accounts for the remaining 3 percent of GDP.

LabourCHILE UNEMPLOYMENT RATE

Unemployment Rate in Chile decreased to 5.75 percent in July of 2013 from 6.17 percent in June of 2013. Unemployment Rate in Chile is reported by the Instituto Nacional de Estadsticas, Chile. Chile Unemployment Rate averaged 8.33 Percent from 1986 until 2013, reaching an all time high of 13.50 Percent in February of 1986 and a record low of 5.10 Percent in February of 1998. In Chile, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

PricesCHILE CONSUMER PRICE INDEX (CPI)

Consumer Price Index (CPI) in Chile increased to 110.06 Index Points in August of 2013 from 109.79 Index Points in July of 2013. Consumer Price Index (CPI) in Chile is reported by the National Institute of Statistics, Chile. Chile Consumer Price Index (CPI) averaged 30.28 Index Points from 1950 until 2013, reaching an all time high of 110.06 Index Points in August of 2013 and a record low of 0 Index Points in January of 1950. In Chile, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services.

CHILE INFLATION RATE

The inflation rate in Chile was recorded at 2.20 percent in August of 2013. Inflation Rate in Chile is reported by the Instituto Nacional de Estadista. Chile Inflation Rate averaged 44.74 Percent from 1951 until 2013, reaching an all time high of 746.30 Percent in April of 1974 and a record low of -3.40 Percent in November of 2009. In Chile, the main components of the consumer price index are: Transportation (19.3 percent of the total weight); Food and Non-Alcoholic Beverages (18.9 percent) and Housing, Water, Electricity and Other Fuels (13.3 percent). Furniture and Household Equipment and Conservation account for 7.5 percent; Leisure and Culture for 7.45 percent and Education for 6 percent. Others include: Miscellaneous Goods and Services (5.8 percent); Health Care (5.4 percent); Clothing and Footwear (5.2 percent); Communications (4.7 percent); Restaurants and Hotels (4.4 percent) and Alcoholic Beverages, Narcotics and Tobacco (2 percent). The national index has a base of 100 as of 2009. The CPI reflects the prices and spending patterns registered in the regional capitals and suburban areas of the fifteen regions of the country.

MoneyCHILE MONEY SUPPLY M1

Money Supply M1 in Chile decreased to 20489.83 CLP Billion in August of 2013 from 20957.38 CLP Billion in July of 2013. Money Supply M1 in Chile is reported by the Central Bank Of Chile. Chile Money Supply M1 averaged 4843.18 CLP Billion from 1982 until 2013, reaching an all time high of 20957.38 CLP Billion in July of 2013 and a record low of 81.57 CLP Billion in November of 1982.

CHILE INTEREST RATEThe benchmark interest rate in Chile was last recorded at 5 percent. Interest Rate in Chile is reported by the Banco Central de Chile. Chile Interest Rate averaged 4.95 Percent from 1995 until 2013, reaching an all time high of 14 Percent in October of 1998 and a record low of 0.50 Percent in July of 2009. In Chile, interest rate decisions are taken by The Central Bank of Chile (Banko Central de Chile). The official interest rate is monetary policy interest rate (PDBC Pagars Descontables del Banco Central) which is overnight interbank interest rate.

TradeCHILE BALANCE OF TRADEChile recorded a trade deficit of 524.73 USD Million in August of 2013. Balance of Trade in Chile is reported by the Banco Central de Chile. Chile Balance of Trade averaged 484.31 USD Million from 1991 until 2013, reaching an all time high of 2968.21 USD Million in April of 2007 and a record low of -1374.47 USD Million in October of 2008. Chile has been recording trade surpluses since 1999, mostly due to a rise in shipments of copper. Other exports include: services, processed food and chemicals. Main imports are: crude and refined oil, coal, gas and lubricants (19 percent of total imports), machinery and parts (9 percent) and cars, computers, mobile phones and house equipment (8 percent). Main trading partners are: China (24 percent of total exports and 18 percent of imports), United States (12 percent of exports and 23 percent of imports) and Brazil (5 percent of exports and 7 percent of imports). Others include: Italy, Mexico, Netherlands, Colombia and Spain.

CHILE CURRENT ACCOUNT

Chile recorded a Current Account deficit of 1631 USD Million in the second quarter of 2013. Current Account in Chile is reported by the Banco Central de Chile. Chile Current Account averaged -127.45 USD Million from 1996 until 2013, reaching an all time high of 3393.60 USD Million in March of 2007 and a record low of -4898 USD Million in September of 2012. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

CHILE GOVERNMENT DEBT TO GDP

Chile recorded a Government Debt to GDP of 12.20 percent of the country's Gross Domestic Product in 2012. Government Debt To GDP in Chile is reported by the Ministry of Finance, Chile. Chile Government Debt To GDP averaged 13.42 Percent from 1992 until 2012, reaching an all time high of 31.40 Percent in December of 1992 and a record low of 3.90 Percent in December of 2007. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.

CHILE FOREIGN EXCHANGE RESERVES

Foreign Exchange Reserves in Chile increased to 40680 USD Million in August of 2013 from 40083.10 USD Million in July of 2013. Foreign Exchange Reserves in Chile is reported by the Central Bank of Chile. Chile Foreign Exchange Reserves averaged 14117.18 USD Million from 1982 until 2013, reaching an all time high of 41979.30 USD Million in December of 2011 and a record low of 1998.90 USD Million in May of 1983. In Chile, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.

Stock marketCHILE STOCK MARKET (IGPA)

Stocks in Chile had a negative performance during the last month. Chile Stock Market (IGPA), declined 14 points or 0.08 percent during the last 30 days. From 1990 until 2013, Chile Stock Market (IGPA) averaged 8733 Index points reaching an all time high of 23466 Index points in January of 2011 and a record low of 764 Index points in January of 1990. The Santiago Stock Exchange General Index IGPA tracks the performance of the majority of stocks traded on the Santiago Stock Exchange. It is a capitalization-weighted index. The index has a base value of 100 as of December 30, 1980.