Embracing Fintech
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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.
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