Scotiabank: Colombian Market and Financial Overview
Chilean Economy
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 23 free-trade agreements with
60 countries that account for 73% of global
GDP
Investment has been a strong contributor to
growth in Chile, which should underpin future
productivity gains as the economy rebounds
from recent social difficulties
GDP Forecast 2020: -5.2%
16.1%
Finance, Insurance,
& Real Estate
8.5%
Other
1.2%
Restaurants &
Hotels
7.7%
Transportation &
Warehousing
GDP Forecast 2021:
+5.6%
Contributions to Chilean GDP Growth
10
y/y % change
5
3.5%
Natural Resources
CHILEAN
GDP BY
INDUSTRY
(Q3 2020)
17.8%
Housing & Personal
Services
10.1%
Wholesale & Retail Trade
10.9%
Manufacturing
14.0%
Mining and Oil &
Gas Extraction
5.0%
Construction
5.2%
Public Administration
Top 5 Trading Partners*
0
-5
-10
Net Exports
-15
-20
Investment
Consumption
Inventories
Government
Real GDP
-25
17
18
Sources: Scotiabank Economics, Haver Analytics.
19
20
20
China
Others
36%
34%
South Korea
3%
United
States
Brazil
5%
Japan
7%
15%
61
* Trade data updated as of Q2-2020View entire presentation