Global Wealth Management Update

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 Consumption has reduced its contribution to GDP growth in the absence of new pension fund withdrawals and universal fiscal transfers GDP 2022E: 2.7% GDP 2023F: 14.6% Finance, Insurance, & Real Estate 10.2% Other 2.0% Restaurants & Hotels 9.3% Transportation & Warehousing -1.7% GDP 2024F: 2.8% Sources: Scotiabank Economics, Bloomberg, as of Feb 10, 2023. Contributions to Chilean GDP Growth 3.5% Natural Resources CHILEAN GDP BY INDUSTRY (Q3-2022) 20.0% Housing & Personal Services 9.6% Wholesale & Retail Trade Top Trading Partners* 9.0% Manufacturing 10.6% Mining and Oil & Gas Extraction 6.3% Construction 4.8% Public Administration 40 y/y % change 30 Net Exports 20 Investment Inventories Government 10 10 Consumption Real GDP 0 -10 -20 -30 18 19 20 Sources: Scotiabank Economics, Haver Analytics. 21 21 22 22 South Korea 4% Others 33% China 33% Japan 5% United States Brazil 7% 18% * Trade data updated as of Q3-2022. 64

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