Back اقتصاد تشيلي Arabic Стопанство на Чили Bulgarian Economia de Xile Catalan Wirtschaft Chiles German Economía de Chile Spanish اقتصاد شیلی Persian Économie du Chili French Economía de Chile Galician Չիլիի տնտեսություն Armenian Ekonomi Chili ID

Economy of Chile

Economy of Chile
The Santiago neighborhood nicknamed "Sanhattan"
CurrencyChilean peso (CLP)
calendar year
Trade organizations
WTO, CPTPP, APEC, OECD, Mercosur (associate), CAN (associate)
Country group
Statistics
PopulationIncrease 19,629,590 (2022)[3]
GDP
  • Increase $350 billion (nominal, 2024)[4]
  • Increase $623 billion (PPP, 2024)[4]
GDP rank
GDP growth
  • Increase 2.4% (2022)[5]
  • Decrease -1.0% (2023f)[5]
  • Increase 1.9% (2024f)[5]
GDP per capita
  • Increase $16,616 (nominal, 2024)[4]
  • Increase $31,005 (PPP, 2024)[4]
GDP per capita rank
GDP by sector
3.045% (2020)[7]
Population below poverty line
Positive decrease 6.2% (2022)[8]
44.4 medium (2017, World Bank)[9]
Labor force
  • Decrease 9,847,754 (2023)[11]
  • Increase 56% employment rate (2023)[12]
Labor force by occupation
Unemployment
  • Positive decrease 7.2% (2022)[13]
  • Negative increase 6.9% (September 2019)[14]
  • Negative increase 18.9% youth unemployment rate (August 2019)[15]
Average gross salary
CLP 957,741 / $1,082 monthly[16] (2022)
CLP 890,699 / $1,006 monthly[17][18] (2022)
Main industries
copper, lithium, other minerals, foodstuffs, fish processing, iron and steel, wood and wood products, transport equipment, cement, textiles
External
ExportsIncrease $104.5 billion (2023)[19]
Export goods
  • copper: 53.6%
  • grapes and other produce: 8.4%
  • chemicals: 5.0%
  • fish and seafood: 4.5%
  • paper and pulp: 3.3%
  • wine: 2.4%
  • lumber: 2.2%
  • gold: 2.1%
  • (2014)[20]
Main export partners
ImportsDecrease $100 billion (2023)[21]
Import goods
Main import partners
FDI stock
  • Increase $206.2 billion (31 December 2017 est.)[6]
  • Increase Abroad: $95.37 billion (31 December 2017 est.)[6]
Increase 1.33% (of GDP) (2020)[22]
Negative increase $183.4 billion (31 December 2017 est.)[6]
Public finances
Negative increase 43.8% of GDP (2020)[23]
−2.8% (of GDP) (2020)[24]
Revenues57.75 billion (2017 est.)[6]
Expenses65.38 billion (2017 est.)[6]
  • AA- (Standard & Poor's)
  • Aa3 (Moody's)
  • A+ (Fitch Ratings)[25]
Decrease $39.166 billion (2020)[26]
All values, unless otherwise stated, are in US dollars.

The economy of Chile operates as a market economy and is classified as a high-income economy by the World Bank.[27] It is recognized as one of the most prosperous countries in South America,[28] leading the region in areas such as competitiveness, income per capita, globalization, economic freedom, and low levels of perceived corruption.[29] Despite its prosperity, Chile experiences significant economic inequality, as reflected by its Gini index,[30] though this is close to the regional average.[31] Among Organisation for Economic Co-operation and Development (OECD) countries, Chile has a robust social security system, with social welfare expenditures amounting to approximately 19.6% of GDP.[32][33][34]

In 2006, Chile achieved the highest nominal GDP per capita in Latin America.[35] In May 2010, it became the first South American nation to join the OECD.[36] However, tax revenues, which were 20.2% of GDP in 2013, remained the second lowest among the 34 OECD countries, having been the lowest in 2010.[37] Chile's inequality-adjusted Human Development Index (HDI) was 0.704, compared to 0.747 for Argentina, 0.720 for Uruguay, and 0.577 for Brazil.[10] As of 2017, only 0.7% of Chile's population lived on less than $1.90 per day.[38] According to statistics of the Chilean government, 20.9% of the population continues to be affected by multidimensional poverty.[39]

The Global Competitiveness Report for 2009–2010 ranked Chile as the 30th most competitive country in the world and the highest-ranked in Latin America, significantly outperforming Brazil (56th), Mexico (60th), and Argentina (85th); however, Chile has since fallen out of the top 30.[35] According to the World Bank's Ease of Doing Business Index, Chile was ranked 34th globally in 2014, 41st in 2015, and 48th in 2016.[40] Chile’s privatized national pension system, known as the Administradoras de Fondos de Pensiones (AFP), contributed to a domestic savings rate of about 21% of GDP.[41] In 2023, in response to an economic slowdown, Chile introduced a temporary basic income program aimed at supporting families through transfer payments as part of an expansionary fiscal policy.[42]

  1. ^ "World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.
  2. ^ "World Bank Country and Lending Groups". datahelpdesk.worldbank.org. World Bank. Retrieved 29 September 2019.
  3. ^ "Population, total - Chile". The World Bank Group. Retrieved 25 November 2021.
  4. ^ a b c d "Report for Selected Countries and Subjects: April 2024". imf.org. International Monetary Fund.
  5. ^ a b c "The outlook is uncertain again amid financial sector turmoil, high inflation, ongoing effects of Russia's invasion of Ukraine, and three years of COVID". International Monetary Fund. 11 April 2023.
  6. ^ a b c d e f g h i "Chile". The World Factbook (2024 ed.). Central Intelligence Agency. Retrieved 2 April 2019. (Archived 2019 edition.)
  7. ^ "Inflation, consumer prices (annual %) - Chile". The World Bank Group. Retrieved 25 November 2021.
  8. ^ "Poverty headcount ratio at national poverty lines (% of population) - Chile". The World Bank Group. Retrieved 25 November 2021.
  9. ^ "GINI index (World Bank estimate)". data.worldbank.org. World Bank. Retrieved 2 April 2019.
  10. ^ a b c "Human Development Report 2023/2024" (PDF). United Nations Development Programme. 13 March 2024. Archived (PDF) from the original on 13 March 2024. Retrieved 5 May 2024.
  11. ^ "Labor force, total - Chile". The World Bank Group. Retrieved 25 November 2021.
  12. ^ "Employment to population ratio, 15+ total (%) (modeled ILO estimate) - Chile". The World Bank Group. Retrieved 25 November 2021.
  13. ^ "Unemployment, total (% of total labor force) (modeled ILO estimate) - Chile". The World Bank Group. Retrieved 25 November 2021.
  14. ^ "Unemployment rate". data.oecd.org. OECD. Archived from the original on 26 December 2019. Retrieved 26 December 2019.
  15. ^ "Youth unemployment rate". data.oecd.org. OECD. Retrieved 27 April 2020.
  16. ^ "Page Rendering Error | OECD iLibrary".
  17. ^ "Taxing Wages 2023: Indexation of Labour Taxation and Benefits in OECD Countries | READ online".
  18. ^ "Home".
  19. ^ "Exports of goods and services (current US$) - Chile". The World Bank Group. Retrieved 25 November 2021.
  20. ^ a b "Learn More About Trade in Chile". OEC. Archived from the original on 6 April 2015. Retrieved 15 April 2015.
  21. ^ "Imports of goods and services (current US$) - Chile". The World Bank Group. Retrieved 25 November 2021.
  22. ^ "Current account balance (% of GDP) - Chile". The World Bank Group. Retrieved 25 November 2021.
  23. ^ "General government debt - Total, % of GDP, 2020". Organisation for Economic Co-operation and Development. Retrieved 25 November 2021.
  24. ^ "General government deficitTotal, % of GDP, 2019 or latest available". Organisation for Economic Co-operation and Development. Retrieved 25 November 2021.
  25. ^ "Moody's raises Chile credit rating to Aa3". Reuters. Archived from the original on 7 September 2014. Retrieved 6 September 2014.
  26. ^ "Total reserves (includes gold, current US$) - Chile". The World Bank Group. Retrieved 25 November 2021.
  27. ^ "Chile". Retrieved 11 June 2015.
  28. ^ "Country profile: Chile". BBC News. 16 December 2009. Retrieved 31 December 2009.
  29. ^ "Human and income poverty: developing countries". UNDP. Archived from the original on 12 February 2009. Retrieved 19 May 2008.
  30. ^ "Encuesta Casen" (PDF). Mideplan. 2007. Archived from the original (PDF) on 25 March 2009.
  31. ^ Inequality: Chile’s Real Position Archived 3 December 2013 at the Wayback Machine
  32. ^ Kenworthy, Lane (1999). "Do Social-Welfare Policies Reduce Poverty? A Cross-National Assessment" (PDF). Social Forces. 77 (3): 1119–1139. doi:10.2307/3005973. JSTOR 3005973. Archived (PDF) from the original on 10 August 2013.
  33. ^ Moller, Stephanie; Huber, Evelyne; Stephens, John D.; Bradley, David; Nielsen, François (2003). "Determinants of Relative Poverty in Advanced Capitalist Democracies". American Sociological Review. 68 (1): 22–51. doi:10.2307/3088901. JSTOR 3088901.
  34. ^ "Social Expenditure – Aggregated data". Organisation for Economic Co-operation and Development.
  35. ^ a b "Archived copy" (PDF). Archived from the original (PDF) on 30 October 2010. Retrieved 18 February 2011.{{cite web}}: CS1 maint: archived copy as title (link)
  36. ^ "Chile's accession to the OECD". OECD.org. 7 May 2010. Retrieved 7 May 2010.
  37. ^ OECD: Compare your country by tax rate, access date 13 December 2014
  38. ^ "Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population) – Chile". data.worldbank.org. World Bank. Retrieved 5 February 2020.
  39. ^ Cite error: The named reference auto was invoked but never defined (see the help page).
  40. ^ "Doing Business in Chile 2013". World Bank. Archived from the original on 14 September 2018. Retrieved 21 October 2012.
  41. ^ "Archived copy" (PDF). Archived from the original (PDF) on 12 May 2012. Retrieved 13 July 2013.{{cite web}}: CS1 maint: archived copy as title (link) The Chilean pension system
  42. ^ https://repositorio.cepal.org/server/api/core/bitstreams/6409abba-6f49-4c1d-9b33-04d7d22226bc/content [bare URL]
From Wikipedia, the free encyclopedia · View on Wikipedia

Developed by razib.in