Chile

Nominal GDP for Chile was CLP$240,633bn in 2021, down from CLP$200,344 in 2020. The Chilean population was estimated at 19.5m in 2021 according to the IMF, while China is Chile’s biggest trading partner.

Variables Surveyed for Chile

Variables covered in our monthly analysis of Chile include:

  • Gross Domestic Product
  • Private Consumption
  • Gross Fixed Investment
  • Industrial Production
  • Consumer Prices
  • Nominal Hourly Wages
  • General Government Budget Balance
  • Merchandise Exports
  • Merchandise Imports
  • Trade Balance
  • Current Account Balance
  • Interest Rates
  • Foreign Currency Reserves
  • Peso Currency Forecasts
  • Country Risk Indicators
  • Monthly Inflation Forecasts
  • Monetary Policy Evaluation

Consensus Forecasts for Chile

Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. In the hard copy and pdf version of the publication, we also show selected “comparison forecasters”  including the IMF,  the ECLAC, Banco Central de Chile and OECD. The table below shows a small example set of forecasts for GDP growth and Consumer Prices (CPI), taken from our survey of September 2022.

Source: Latin American Conensus Forecasts, September 2022

Special Surveys

In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for Chile on topics such as:

Main Data Sources for Chile

  • National Statistics Institute: The National Statistics Institute of Chile is a state-run organization of the Government of Chile, created in the second half of the 19th century and tasked with performing a general census of population and housing, then collecting, producing and publishing official demographic statistics of people in Chile, in addition to other specific tasks entrusted to it by law.
  • Banco Central de Chile: Banco Central de Chile is the central bank of Chile. It was established in 1925 and is incorporated into the current Chilean Constitution as an autonomous institution of constitutional rank. Its monetary policy is currently guided by an inflation targeting regime.

Comprehensive Forecasts Coverage

Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.
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