Countries
Chile
Key Economic Indicators
$715.11 billion
$36,181
2.64%
4.3%
8.97%
$330.267 billion (2024 est.)
21% of GDP (2016 est.)
$-4,852,716,811
Economic Overview
export-driven economy; leading copper producer; though hit by COVID-19, fairly quick rebound from increased liquidity and rapid vaccine rollouts; decreasing poverty but still lingering inequality; public debt rising but still manageable; recent political violence has had negative economic consequences
All Economic Data
Agricultural products
grapes, milk, apples, wheat, tomatoes, potatoes, chicken, maize, sugar beets, pork (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
3.5% of household expenditures (2023 est.)
On food:
19.4% of household expenditures (2023 est.)
Budget
Expenditures:
$85.024 billion (2023 est.)
Note:
<b>note:</b> central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated
Revenues:
$77.003 billion (2023 est.)
Currency
code:
CLP
name:
Chilean peso (CLP) [$]
Current account balance
$-4,852,716,811
Current account balance 2022:
-$26.656 billion (2022 est.)
Current account balance 2023:
-$10.497 billion (2023 est.)
Current account balance 2024:
-$4.853 billion (2024 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Exchange rates
Currency:
Chilean pesos (CLP) per US dollar -
Exchange rates 2020:
792.727 (2020 est.)
Exchange rates 2021:
758.955 (2021 est.)
Exchange rates 2022:
873.314 (2022 est.)
Exchange rates 2023:
840.067 (2023 est.)
Exchange rates 2024:
943.572 (2024 est.)
Exports
$111.38 billion
Exports 2022:
$107.039 billion (2022 est.)
Exports 2023:
$103.256 billion (2023 est.)
Exports 2024:
$111.123 billion (2024 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
copper ore, refined copper, fish, carbonates, pitted fruits (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
China 39%, USA 16%, Japan 7%, S. Korea 6%, Brazil 4% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$12.52 billion
GDP - composition, by end use
Exports of goods and services:
33.7% (2024 est.)
Government consumption:
15.1% (2024 est.)
Household consumption:
58.1% (2024 est.)
Imports of goods and services:
-30.1% (2024 est.)
Investment in fixed capital:
23.5% (2024 est.)
Investment in inventories:
-0.3% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
3.9% (2024 est.)
Industry:
30.1% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
56.1% (2024 est.)
GDP (official exchange rate)
$330.267 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$16,710
Gini Index coefficient - distribution of family income
44.4 (2017)
Gini Index coefficient - distribution of family income 2022:
43 (2022 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$313.27 billion
GNI per capita
$15,750
Gross domestic investment
23 % of GDP
Household income or consumption by percentage share
Highest 10%:
34.5% (2022 est.)
Lowest 10%:
2.3% (2022 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$99.53 billion
Imports 2022:
$118.928 billion (2022 est.)
Imports 2023:
$100.082 billion (2023 est.)
Imports 2024:
$99.239 billion (2024 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
refined petroleum, crude petroleum, cars, garments, trucks (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
China 23%, USA 20%, Brazil 10%, Argentina 7%, Germany 5% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
3.5% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
copper, lithium, other minerals, foodstuffs, fish processing, iron and steel, wood and wood products, transport equipment, cement, textiles
Inflation rate (consumer prices)
4.3%
Inflation rate (consumer prices) 2022:
11.6% (2022 est.)
Inflation rate (consumer prices) 2023:
7.6% (2023 est.)
Inflation rate (consumer prices) 2024:
4.3% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
10.088 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
10.33 million persons
Labor force - by occupation
agriculture:
6.07%
industry:
21.5%
services:
72.43%
Population below poverty line
6.5% (2022 est.)
note:
<b>note:</b> % of population with income below national poverty line
Public debt
Public debt 2016:
21% of GDP (2016 est.)
Real GDP (purchasing power parity)
$715.11 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$578.173 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$581.187 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$596.556 billion (2024 est.)
Real GDP growth rate
2.64%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
2.2% (2022 est.)
Real GDP growth rate 2023:
0.5% (2023 est.)
Real GDP growth rate 2024:
2.6% (2024 est.)
Real GDP per capita
$36,181
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$29,600 (2022 est.)
Real GDP per capita 2023:
$29,600 (2023 est.)
Real GDP per capita 2024:
$30,200 (2024 est.)
Remittances
$100.14 million
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2022:
0% of GDP (2022 est.)
Remittances 2023:
0% of GDP (2023 est.)
Remittances 2024:
0% of GDP (2024 est.)
Reserves of foreign exchange and gold
$44.4 billion
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$39.102 billion (2022 est.)
Reserves of foreign exchange and gold 2023:
$46.377 billion (2023 est.)
Reserves of foreign exchange and gold 2024:
$44.403 billion (2024 est.)
Revenue (excl grants)
23 % of GDP
Tax revenue
18 % of GDP
Taxes and other revenues
17.7% (of GDP) (2023 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
8.97%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
8.3% (2022 est.)
Unemployment rate 2023:
9.1% (2023 est.)
Unemployment rate 2024:
9.1% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
24.9% (2024 est.)
Male:
20.3% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
22.3% (2024 est.)
World Bank Indicators
Currency
West African CFA franc (XOF) Fr (2025)
Exports (US$)
$22.67B (2024)
External Debt
$40.56B (2024)
FDI Net Inflows (US$)
$3.12B (2024)
GDP Growth (%)
6.02 (2024)
Gdp Nominal
$87.11B (2024)
GDP Per Capita
2,728 (2024)
Gini Index
41.50 (2015)
Imports (US$)
$21.98B (2024)
Inflation Rate (%)
3.45 (2024)
Languages
French (2025)
Unemployment Rate (%)
2.27 (2024)
Youth Unemployment
4.25 (2024)
Economic Rankings
Gini Index
#38
GDP (PPP)
#42
Reserves
#43
GDP (Nominal)
#44
Imports
#45
Exports
#46
Unemployment Rate
#51
Inflation Rate
#57
GDP per Capita
#60
GDP Growth Rate
#166
Quick Facts
Industries
copper, lithium, other minerals, foodstuffs, fish processing, iron and steel, wood and wood products, transport equipment, cement, textiles
Agricultural products
grapes, milk, apples, wheat, tomatoes, potatoes, chicken, maize, sugar beets, pork (2023)
Labor force
10.088 million (2024 est.)
Exports - partners
China 39%, USA 16%, Japan 7%, S. Korea 6%, Brazil 4% (2023)
Imports - partners
China 23%, USA 20%, Brazil 10%, Argentina 7%, Germany 5% (2023)
Exchange rates
Chilean pesos (CLP) per US dollar -
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