Scotiabank Mexico Business Overview

• • Chilean Economy 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 Public support for households and businesses has powered a strong rebound in consumption GDP 2021: 11.7% GDP 2022F: 2.1% GDP 2023F: -0.9% Sources: Scotiabank Economics, Bloomberg, as of July 29, 2022. 14.6% Finance, Insurance, & Real Estate 10.2% Other 2.0% Restaurants & Hotels 9.1% Transportation & Warehousing 3.5% Natural Resources CHILEAN GDP BY INDUSTRY (Q1-2022) 20.4% Housing & Personal Services 19.8% Wholesale & Retail Trade Top Trading Partners* 9.0% Manufacturing 10.4% Mining and Oil & Gas Extraction 6.3% Construction 4.8% Public Administration Contributions to Chilean GDP Growth 40 y/y % change 30 20 10 10 0 -10 Net Exports Investment -20 Consumption -30 17 18 Inventories Government Real GDP 19 Sources: Scotiabank Economics, Haver Analytics. 20 24 21 22 Others 28% China 36% Japan 5% Brazil 6% United States EU 9% 16% * Trade data updated as of Q1-2022. 62 62

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