Chile, a country in construction
Economy

GDP growth 2006

4,2% (est.)

Inflation 2006

3,4% average

GDP per head 2005

US$ 7.089

Current account balance 2006

US$ 5.000 millon (3,4% of GDP)

Trade balance 2006

US$ 23.000 millon

Effective tariff

2%

Foreign debt November 2006

US$47.946 millon

Foreign investment 2006

US$ 4.815 millon

2005 GDP (in current million pesos)

57.436.160

2005 GDP (in US$ million)

112.180

GDP per head in purchasing power parity (USA=100)

26

Central Bank projection for 2007 GDP

5% to 6%

Economic freedom index Hermitaje Foundation

78,3% (scale from 0 to 100%)
Place 11 out of 161 countries

Risk classification (debt in US$ long term) Moody's

A2

 

Origins of GDP

% of total

Agriculture

3,3

Fishing

2,0

Mining

17,0

Manufacturing Industry

17,1

Electricity, gas, and water

3,0

Construction

8,3

Commerce, restaurants, and hotels

8,6

Transport

5,0

Communications

1,9

Financial and corporate services

12,6

Housing

4,6

Personal services

12,4

Public administration

4,1

 

Components of GDP

% of total

Private consumption

62,5

Public consumption

12,6

Investment

21,8

Exports

36,4

Imports

-33,3

 

 

SOURCE: Ministry of Finance, Central Bank, Chamber of Commerce of Santiago.


GDP projection
Annual variation, percentage

 

2004

2005

2006 (e)

2007 (f)

GDP

6,2

6,3

4,2

5,0 - 6,0

Private Nacional Revenue
(adjusted by CPI)

6,8

4,0

7,4

4,2

Home demand

8,1

11,4

7,3

6,3

      Fixed capital formation

11,7

24,7

5,0

6,9

      Total consumption

6,1

7,6

7,1

6,4

Goods and services exports

11,8

6,1

4,3

6,9

Goods and services imports

18,0

20,4

12,3

8,8

Current account
(% of GDP)

1,7

0,6

3,4

-0,1

Current account to prices of 2006’s trend shows a deficit around 4.0% of GDP.
(e) Estimation (f) Projection.
Source: Central Bank of Chile.