Chile: Economy
|
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Chile has the strongest sovereign bond rating in South America. |
|
Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): China, United States, and Brazil |
| Top Industries Source: CIA World Factbook | Copper; Lithium; Other Minerals; Foodstuffs |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $592,205,357,880 (2022) |
| GDP Growth Rate (annual %) | 2.44% (2022) |
| GDP Per Capita, PPP (current international) | $30,209 (2022) |
GDP Country Rank 44/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 11.644% (2022) |
| External debt stocks, total (DOD, current US$) | $96,244,880,000 (2011) |
| Total tax rate (% of commercial profits) | 34% (2019) |
| Real Interest Rate (5 year average %) | 2.547% (2018) |
| Manufacturing, value added (% of GDP) | 9.739% (2022) |
| Current Account Balance (BoP, current US$) | ($27,101,823,607) (2022) |
Labor and Employment [1]
| Labor Force, Total | 9,446,464 (2022) |
| Employment in Agriculture (% of total employment) | 6.582% (2021) |
| Employment in Industry (% of total employment) | 23% (2021) |
| Employment in Services (% of total employment) | 70.417% (2021) |
| Unemployment Rate | 7.784% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $118,446,298,305 (2022) |
| Exports of goods and services (current US$) | $107,377,890,001 (2022) |
| Total Merchandise Trade (% of GDP) | 67.07% (2022) |
| FDI, net inflows (BoP, current US$) | $20,864,902,958 (2022) |
| Commercial Service Exports (current US$) | $8,169,285,307 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Chile’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.