Canadian Banking and Mortgage Portfolio 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
Contributions to Chilean GDP Growth
15.3%
Finance, Insurance,
& Real Estate
8.6%
Other
2.0%
Restaurants &
Hotels
8.6%
Transportation &
Warehousing
3.4%
Natural Resources
CHILEAN GDP BY
INDUSTRY
(Sep 2019)
19.4%
Housing & Personal
Services
9.3%
Wholesale & Retail Trade
Top 5 Trading Partners
10.2%
Manufacturing
12.4%
Mining and Oil &
Gas Extraction
6.3%
Construction
4.5%
Public Administration
8
y/y % change
6
4
2
0
-2
-4
-6
anilaílin
Net Exports
Inventories
Government
Others
38%
China
29%
Investment
Consumption
Real GDP
South Korea
United
States
18
19
4% Japan Brazil 16%
17
16
Sources: Scotiabank Economics, Haver Analytics.
6%
7%
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