Digital Progress: Canada slide image

Digital Progress: Canada

Chilean Economy GDP 2022: 2.4% HIGHLIGHTS 1 GDP 2023F: -0.8% GDP 2024F: 2.8% CHILEAN GDP BY INDUSTRY 2 14.8% Finance, Insurance, & Real Estate 3.8% Natural Resources 9.6% Wholesale & Retail Trade 8.9% Manufacturing • Advanced economy with wide-ranging trade links Chile's mix of economic activities reflects its status as an advanced OECD economy Chile's diversified trading relationships are supported by 30 free-trade agreements with 70 countries that account for 88% of global GDP Consumption has reduced its contribution to GDP growth in the absence of new pension fund withdrawals and universal fiscal transfers 10.1% Other 1.9% Restaurants & Hotels CONTRIBUTIONS TO CHILEAN GDP GROWTH 2 40 40 30 20 y/y % change Net Exports Investment. Consumption 10 10 0 -20 10 -10 Inventories Government Real GDP 50.88T CLP2018 SA (Q4-2022) 8.0% Transportation & Warehousing 21.3% Housing & Personal Services 10.9% Mining and Oil & Gas Extraction 6.0% Construction 4.8% Public Administration TOP TRADING PARTNERS 3 Others 36% China 31% South Korea 4% Japan 6% United States Brazil 7% 16% -30 18 19 20 21 22 1Sources: Scotiabank Economics, Bloomberg, as of May 18, 2023; 2 Sources: Scotiabank Economics, Haver Analytics; 3 Trade data updated as of Q4-2022 66 99
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