Americas Wholesale and Retail Banking 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 26 free-trade agreements with
60 countries that account for 74.3% of global
GDP.
Public support for households and
businesses has powered a strong rebound in
consumption.
15.4%
Finance, Insurance,
& Real Estate
9.1%
Other
1.6%
Restaurants &
Hotels
7.9%
Transportation &
Warehousing
8.1%
GDP Growth 2022F:
3.0%
Sources: Bloomberg, as of August 20, 2021
Contributions to Chilean GDP Growth
40
40
GDP Growth 2021F:
y/y % change
3.4%
Natural Resources
CHILEAN
GDP BY
INDUSTRY
(Q2-2021)
18.1%
Housing & Personal
Services
10.7%
Wholesale & Retail Trade
10.5%
Manufacturing
12.8%
Mining and Oil &
Gas Extraction
5.7%
Construction
4.8%
Public Administration
Top 5 Trading Partners*
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
20
Others
34%
China
35%
South Korea
4%
Japan
5% Brazil
United
States
6%
16%
63
* Trade data updated as of Q1-2021.View entire presentation