International Banking and Canadian Economic Insights
Chile
Advanced economy with wide-ranging trade links
Chile's mix of economic activities reflects its
status as an advanced market economy
Chile's diversified trading relationships are
supported by 22 free-trade agreements with
59 countries that account for 70% of global
GDP
Investment has been a strong contributor to
growth in Chile over the past year, which
should underpin future productivity gains.
15.2%
Finance, Insurance,
& Real Estate
8.7%
Other
2.0%
Restaurants &
Hotels
8.5%
Transportation &
Warehousing
3.4%
Natural Resources
CHILEAN GDP
BY INDUSTRY
(Mar 2019)
19.1%
Housing &
Personal Services
9.3%
Wholesale & Retail Trade
10.2%
Manufacturing
.12.7%
Mining and Oil &
Gas Extraction
6.3%
Construction
4.6%
Public Administration
8
y/y % change
6
4
2
0
-2
-4
-6
Contributions to Chilean GDP Growth
17
16
Sources: Scotiabank Economics, Haver Analytics.
Net Exports
Inventories
Investment
Government
Consumption
Real GDP
18
199
19
Top 5 Trading Partners
Others
38%
China
29%
South Korea
4% Japan Brazil
6%
United
States
16%
7%
Scotiabank®
39
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