Economy of Chile
Population: 18.73 M (2018)
GDP per Capita: 15,923 USD (2018)
298,230 M.

GDP USD

(2018)

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85,930 M.

EXPORTS USD

(2018)

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85,650 M.

IMPORTS USD

(2018)

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27.90 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 4.02 % (2018)
GDP of 2010 USD USD 283.40 B. (2018)
GDP Current USD USD 298.23 B. (2018)
GDP per Capita Current USD USD 15,923 (2018)
GDP per capita, PPP USD 22,874 (2018)
GDP per Capita, 2010 USD USD 15,130 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 14.17 % (2018)
Government Spending USD 42.27 B. (2018)
Government Debt % GDP 27.90 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 217.61 (2018)
Trade Openness 57.53 % (2018)
Exports of Goods and Services % GDP 28.81 % (2018)
Exports Goods & Services USD 85.93 B. (2018)
Exports Annual Growth 4.96 % (2018)
Imports as % GDP 28.72 % (2018)
Total Imports USD 85.65 B. (2018)
Foreign Direct Investment % GDP 2.04 % (2018)
Foreign Direct Investment USD 6.08 B. (2018)
Current Account Balance % GDP USD -3.07 % (2018)
Current Account Balance USD -9.16 B. (2018)
Trade Balance % GDP 0.09 % (2018)
Trade Balance USD 0.67 B. (2018)
Foreign Exchange Reserves incl Gold USD 39.86 B. (2018)
Remittances % GDP 0.02 % (2018)
Remittances 0.02 % (2018)
Balance of Payments USD 1,040 M. (2018)

Labor Market

Indicator Value
Labor Force 9.53 M. (2019)
Unemployment Rate 7.43 % (2019)
Unemployment Rate Females 7.70 % (2019)
Unemployment Rate Males 6.64 % (2019)
Youth Unemployment (ages 15-24) 19.19 % (2019)
Labor Force Participation Rate 62.48 % (2019)
Labor Force (Percent Female) 42.25 % (2019)
Female Labor Force Participation Rate 51.13 % (2019)
Male Labor Force Participation Rate 74.19 % (2019)
Dependent People 45.53 % (2018)

Agriculture Sector

Indicator Value
Forest Area 24.30 % (2016)
Forest Area km² 180,358 km² (2016)
Agricultural Land 21.17 % (2016)
Agricultural Land km² 157,418 km² (2016)
Employment 9.05 % (2019)
Value added % GDP 3.64 % (2018)
Agriculture Value added USD 10.86 B. (2018)
Crop Production Index 116.00 (2016)
Precipitation 1,522 mm (2014)
Arable Land 2 % (2016)
Cereal Yield 6,781 kg/hectare (2017)
Food production index 115 (2016)
Rural Population 12 % (2018)
Fertilizer use of Arable Land 294 kg/hectare (2016)
Livestock Production Index 111 (2016)
Economy of Chile

According to the World Bank and its latest published data, the economy of the Chile presents a growth rate of 4.02 % (2018) to the previous year.

With a population that reaches 18.73 M (2018) and a gross domestic product of USD 298.23 B. (2018), it translates a Gross Domestic Product per Capita of USD 15,923 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Chile also has a workforce of 9.53 M. (2019) with an unemployment rate of 7.43 % (2019), where women represent 7.70 % (2019) and men 6.64 % (2019), the unemployment rate for young people between 15-24 years old stood at 19.19 % (2019). The total number of dependent people stands at 45.53 % (2018).

The central government spent 14.17 % (2018) of its gross domestic product that year, which in absolute terms is USD 42.27 B. (2018). Its consolidated public debt reached 27.90 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Chile exported USD 85.93 B. (2018), which represents 28.81 % (2018) of its gross domestic product, in that same sense its imports reached USD 85.65 B. (2018) with a direct foreign investment of USD 6.08 B. (2018).

Chile has a forest area of 180,358 km² (2016), which represents 24.30 % (2016) of its total area, an average rainfall of 1,522 mm (2014) per year and a population of 12 % (2018) living in rural areas. With a total area of 157,418 km² (2016) available for agriculture and 9.05 % (2019) of its employments, the agricultural sector contributes to the economy of the Chile about USD 10.86 B. (2018) (3.64 % (2018) of its GDP).