Chile

Description of Chile

Welcome to our website dedicated to analyzing the macroeconomic landscape of Chile. As a country known for its stable economy, strategic location, and natural beauty, Chile holds a unique position in the global geopolitical and economic arena. By delving into key macroeconomic statistics and trends, we aim to provide valuable insights into how Chile's economic development and policies shape its interactions with other nations and impact its prospects for growth and stability.

Population And Age Structure

Chile's total population is 19,300,315, ranking 62 out of 194 countries. This is below the average population of 40,097,746. Chile's population ages 0-14 constitute 18.62% of the total population, ranking 138 out of 194 countries, below the average of 27.34%. The country's population ages 0-14 total 3,593,501, below the average of 10,327,379.98, ranking 79 out of 194 countries.

Chile's population ages 15-64 constitute 68.99% of the total population, ranking 33 out of 194 countries, above the average of 63.44%. The population ages 15-64 total 13,314,429, below the average of 26,003,407.49, ranking 57 out of 194 countries. The elderly population (ages 65 and above) in Chile constitutes 12.40% of the total population, ranking 60 out of 194 countries, above the average of 9.22%. The total elderly population in Chile is 2,392,386, below the average of 3,766,959.08, ranking 40 out of 194 countries.

Summary

Chile has a relatively small overall population compared to the global average, with a higher percentage of working-age individuals (ages 15-64) and a lower percentage of children (ages 0-14) and elderly (ages 65 and above) individuals. This demographic composition indicates a potentially strong workforce with fewer dependents, which could positively impact the country's economic productivity and dependency ratio. It also suggests potential challenges in terms of supporting an aging population in the future.

Population Miscellaneous

Chile has a rural population of 2,368,728, which is significantly below the attribute average of 18,044,041, ranking the country as 100th out of 190 countries in the dataset.

The percentage of rural population in Chile is 12.273% of the total population, much lower than the average of 41.16%. This places Chile at 171st out of 190 countries.

Chile's urban population stands at 16,931,587, below the average urban population of 22,425,747, ranking Chile as 44th out of 194 countries.

With urban population constituting 87.727% of the total population in Chile, significantly higher than the average of 59.69%, Chile ranks 24th out of 194 countries.

The age dependency ratio in Chile is 44.96%, lower than the average of 59.22%, placing Chile at 162nd out of 194 countries.

Chile has a crude birth rate of 11.834 per 1,000 people, which is below the average of 19.38. This places Chile at 132nd out of 192 countries.

The crude death rate in Chile is 7.221 per 1,000 people, slightly below the average of 8.21, positioning Chile at 110th out of 192 countries.

Chile's total fertility rate is 1.537 births per woman, lower than the average of 2.60, ranking Chile as 151st out of 190 countries.

Summary

Chile stands out with a lower rural population, higher urban population, and a relatively young age dependency ratio compared to global averages. The country also exhibits lower fertility rates and fewer births per woman, indicating potential demographic challenges ahead. These indicators are crucial for policymakers and economists to address as they may impact future workforce dynamics, social welfare programs, and overall economic growth prospects in Chile.

Military

Analysis of key military and defense statistics in Chile:

1. Military expenditure (current USD): Chile's military expenditure of 5.29 billion USD is below the average of 12.90 billion USD, ranking 36 out of 149 countries.

2. Military expenditure (% of GDP): Chile's military expenditure is 2.09% of GDP, slightly above the average of 1.90%. Chile ranks 43 out of 148 countries in this metric.

3. Arms imports: Chile's arms imports amount to 295 million USD, exceeding the average of 205.52 million USD. Chile ranks 18 out of 113 countries for this indicator.

4. Armed forces personnel, total: With 114,000 personnel, Chile has fewer armed forces personnel compared to the average of 165,908 personnel. Chile ranks 51 out of 164 countries.

5. Armed forces personnel (% of total labor force): Chile's armed forces personnel constitute 1.29% of the total labor force, slightly above the average of 1.28%. Chile ranks 50 out of 164 countries in this category.

Summary

In analyzing key military and defense statistics for Chile, it is evident that the country's military expenditure, although below the global average, remains significant in relation to its GDP. The higher-than-average arms imports and the relatively lower number of armed forces personnel further underscore Chile's focus on modernizing and strengthening its defense capabilities. These indicators are crucial as they reflect Chile's strategic priorities in defense planning, regional security considerations, and its commitment to investing in defense technology and personnel.

Natural Resources

Chile's forest area covers 182,107 sq. km, which is below the average of 211,606 sq. km. This places Chile at rank 36 out of 191 countries.

Chile's land area is 743,532 sq. km, higher than the average of 665,166 sq. km. This places Chile at rank 36 out of 194 countries.

Chile's surface area is 756,700 sq. km, above the average of 689,779 sq. km. This places Chile at rank 36 out of 194 countries.

Chile's arable land is 1,310,907 hectares, significantly below the average of 7,329,543 hectares. This places Chile at rank 98 out of 190 countries.

Chile has 442,145 hectares of land under cereal production, much lower than the average of 4,206,012 hectares. This places Chile at rank 100 out of 174 countries.

Chile receives an average precipitation depth of 1522 mm per year, higher than the average of 1157.83 mm per year. This places Chile at rank 55 out of 178 countries.

Chile's total renewable internal freshwater resources are 885 billion cubic meters, significantly above the average of 240.41 billion cubic meters. This places Chile at rank 12 out of 178 countries.

Summary

Chile ranks consistently at 36th place among countries in terms of forest area, land area, and surface area. However, the country ranks lower in arable land (98th) and land under cereal production (100th) compared to the global average. Despite this, Chile excels in freshwater resources, ranking 12th globally with 885 billion cubic meters, far surpassing the average. These indicators are vital for understanding Chile's agricultural potential, resource sustainability, and environmental resilience, offering valuable insights for policymakers, investors, and environmentalists alike.

Resource Rents

Total natural resources rents (% of GDP): Chile's value is 5.49%, which is above the average of 4.63%. This places Chile at rank 48 out of 175 countries in the dataset.

Coal rents (% of GDP): Chile's value is 0.0024%, significantly below the average of 0.40%. This ranks Chile at 55 out of 65 countries in the dataset.

Forest rents (% of GDP): Chile's value is 0.86%, below the average of 1.53%. Chile is ranked 62 out of 174 countries in this attribute.

Oil rents (% of GDP): Chile's value is 0.0073%, well below the average of 2.51%. This places Chile at rank 98 out of 117 countries in the dataset.

Natural gas rents (% of GDP): Chile's value is 0.0143%, also below the average of 1.25%. Chile ranks 66 out of 96 countries in this category.

Mineral rents (% of GDP): Chile's value is 4.60%, significantly above the average of 1.23%. Chile ranks 8 out of 86 countries in this attribute.

Summary

Chile demonstrates a mixed performance in terms of natural resources rents when compared to global averages. While the country excels in mineral rents at 4.60%, ranking 8th out of 86 countries, it falls behind in other resources such as coal, oil, and natural gas rents. The variation in rankings highlights Chile's dependency on certain resources for its GDP, indicating potential vulnerabilities to global market fluctuations and the importance of diversifying its resource portfolio for sustainable economic growth.

Commodities

Chile's Cereal production is 14488392.397988504 metric tons below the average, ranking 83 out of 174 countries. Aquaculture production in Chile is 825843.0819444446 metric tons above the average, placing it at rank 9 out of 180 countries. In terms of Capture fisheries production, Chile exceeds the average by 1715782.0708947368 metric tons and ranks 10 out of 190 countries. Chile's Total fisheries production of 2534806.276923077 metric tons is above the average, ranking 13 out of 182 countries. Chile's Fertilizer consumption of 346.699 kilograms per hectare of arable land is higher than the average, positioning it at rank 18 out of 187 countries.

Summary

Chile stands out in agricultural and fisheries production, with above-average numbers in cereal, aquaculture, capture fisheries, and total fisheries production. Additionally, its higher-than-average fertilizer consumption indicates a strong commitment to enhancing agricultural productivity. These indicators are crucial as they showcase Chile's competitive position globally in the agriculture and fisheries sectors and demonstrate its efforts towards sustainable food production and economic growth.

Intellectual Property

Chile's Industrial design applications by nonresidents are below the average, ranking 49th out of 112 countries. For Industrial design applications by residents, Chile's performance is also below average, ranking 73rd out of 113 countries. Chile's Patent applications by nonresidents are below average, ranking 24th out of 129 countries. In contrast, Chile's Patent applications by residents are significantly below average, ranking 48th out of 117 countries.

When it comes to Trademark applications by nonresidents, Chile performs below average, ranking 33rd out of 130 countries. For Trademark applications by residents, Chile ranks 21st out of 129 countries, significantly below average. Chile's Scientific and technical journal articles fall below average, ranking 45th out of 192 countries.

In terms of Charges for the use of intellectual property payments, Chile ranks 32nd out of 143 countries, below the average. Conversely, Charges for the use of intellectual property receipts see Chile ranking 54th out of 122 countries, below the average. Finally, Chile has fewer Researchers in R&D per million people compared to the average, ranking 54th out of 72 countries.

Summary

Chile's performance in key macroeconomic indicators related to intellectual property and research and development falls below average in most categories. This suggests a potential lag in innovation and technological advancement in the country. Addressing these weaknesses is vital for Chile to enhance its competitiveness, attract investment, and foster sustainable economic growth in the long term.

Broad Economy Attributes

- GDP (current US$): Chile's GDP is $254.26 billion, which is below the average of $442.87 billion. It ranks 43 out of 189 countries in the dataset.

- GDP, PPP (current international $): Chile's GDP using Purchasing Power Parity is $491.48 billion, below the average of $734.14 billion. It also ranks 43 out of 181 countries.

- GDP per capita (current US$): Chile's GDP per capita is $13,173.78, which is below the average of $15,462.11. Chile ranks 59 out of 190 countries.

- GDP per capita, PPP (current international $): Chile's GDP per capita using PPP is $25,464.85, above the average of $21,251.89. It ranks 56 out of 181 countries.

- GNI (current US$): Chile's GNI is $238.40 billion, below the average of $452.04 billion. Chile ranks 45 out of 185 countries.

- GNI, PPP (current international $): Chile's GNI using Purchasing Power Parity is $460.83 billion, below the average of $730.70 billion. It ranks 42 out of 181 countries.

- GNI per capita, PPP (current international $): Chile's GNI per capita using PPP is $23,880, above the average of $20,615.75. Chile ranks 56 out of 181 countries.

Summary

Chile's macroeconomic indicators show that its GDP, GNI, and GDP per capita figures are below the global averages, indicating room for economic growth and development. However, Chile performs relatively well in terms of GDP per capita using PPP, suggesting a higher standard of living compared to other countries. These indicators are crucial as they provide insights into Chile's economic performance, potential for international trade, and the well-being of its citizens.

Broad Value Added

Chile's Gross value added at basic prices (GVA) is $229.41 billion, below the average of $360.07 billion. Chile ranks 40th out of 176 countries in this attribute.

Chile's Agriculture, forestry, and fishing value added as a percentage of GDP is 4.04%, well below the average of 10.86%. Chile ranks 118th out of 182 countries in this attribute.

Chile's Agriculture, forestry, and fishing value added in current US dollars is $10.28 billion, below the average of $19.92 billion. Chile ranks 46th out of 182 countries in this attribute.

Chile's Services value added as a percentage of GDP is 56.30%, slightly below the average of 56.72%. Chile ranks 92nd out of 183 countries in this attribute.

Chile's Services value added in current US dollars is $143.14 billion, below the average of $295.84 billion. Chile ranks 46th out of 183 countries in this attribute.

Chile's Industry (including construction) value added in current US dollars is $75.99 billion, below the average of $118.42 billion. Chile ranks 39th out of 183 countries in this attribute.

Summary

Chile's economy shows strengths in the services sector, with Services value added as a percentage of GDP and Services value added in current US dollars both ranking higher than its Agriculture and Industry sectors. However, Chile's Agriculture, forestry, and fishing sectors lag behind, affecting its overall GDP and global ranking. These indicators are crucial as they highlight Chile's economic structure and areas for potential growth and development, emphasizing the need for diversification and investment in agriculture and industry to boost overall economic performance and competitiveness.

Manufacturing Value Added

Chile's Manufacturing, value added stands at $22,925,146,95.22, which is below the attribute average of $76,207,179,589.66. Chile ranks 50th out of 173 countries in this category.

Chile's Manufacturing, value added (% of GDP) is 9.02%, lower than the attribute average of 11.90%. Chile holds the 111th rank out of 173 countries for this metric.

Within the Medium and high-tech manufacturing value added (% manufacturing value added) category, Chile's value of 20.37% is below the average of 24.49%. Chile is ranked 81st out of 149 countries in this aspect.

Summary

Chile's manufacturing sector lags behind the global average in terms of both total manufacturing value added and its contribution to the country's GDP. Additionally, Chile's performance in medium and high-tech manufacturing falls short of the global average as well. These indicators suggest that Chile may need to focus on upgrading its manufacturing capabilities and investing in technological advancements to enhance its industrial competitiveness on the global stage.

Money

- Inflation, consumer prices (annual %): Chile's inflation rate of 3.05% is below the average of 8.26%. Chile ranks 62 out of 165 countries in this attribute.
- Inflation, GDP deflator (annual %): With an inflation rate of 9.64%, Chile exceeds the average of 6.90%. The country ranks 20 out of 188 countries in this attribute.
- Broad money growth (annual %): Chile's broad money growth rate of 14.07% is below the average of 18.03%. It ranks 66 out of 139 countries.
- Broad money (% of GDP): Chile's broad money as a percentage of GDP is 93.40%, surpassing the average of 71.75%. The country ranks 34 out of 139 countries.
- Broad money to total reserves ratio: Chile's ratio of broad money to total reserves is 6.06%, slightly above the average of 5.17%. The country ranks 19 out of 126 countries in this attribute.

Summary

Chile performs relatively well in terms of inflation rates compared to global averages, ranking decently in both consumer price inflation and GDP deflator inflation. However, it lags behind when it comes to broad money metrics, with lower growth rates and a higher percentage of broad money to GDP. These indicators are crucial as they highlight Chile's monetary policy effectiveness, economic stability, and potential risks of inflation or financial imbalances.

Consumption Expenditure

Final consumption expenditure (current US$): Chile's final consumption expenditure is $189,169,638,515.33, which is below the average of $381,630,252,515.38. Chile ranks 42 out of 159 countries in this attribute.

Final consumption expenditure (% of GDP): Chile's final consumption expenditure as a percentage of GDP is 74.40%, below the average of 82.37%. The country is ranked 112 out of 159 countries in this aspect.

General government final consumption expenditure (current US$): Chile's expenditure is $40,713,715,768.63, significantly below the average of $93,676,578,238.03. Chile ranks 45 out of 158 countries in this attribute.

General government final consumption expenditure (% of GDP): Chile's expenditure amounts to 16.01% of the GDP, lower than the average of 18.71%. The country is ranked 96 out of 158 countries.

Household and NPISHs Final consumption expenditure (current US$): Chile's expenditure in this category is $148,455,922,747.96, below the average of $290,127,571,157.69. Chile ranks 39 out of 158 countries in this attribute.

Households and NPISHs final consumption expenditure (% of GDP): Chile's expenditure is 58.39% of the GDP, under the average of 63.68%. The country is ranked 96 out of 158 countries in this parameter.

Summary

Chile's final consumption expenditure, both in total and as a percentage of GDP, falls below the global average across various categories including general government and household expenses. This indicates a relative level of frugality in spending compared to other countries. While this may suggest a prudent approach to managing resources, it could also point to potential limitations in domestic demand and economic growth if consumption remains subdued.

Equities

Chile's total listed domestic companies stand at 401, which is below the average of 636.625. This places Chile at rank 20 out of 72 countries in this category.

The total value of stocks traded in Chile is $41,468,860,000, significantly lower than the average of $1,379,501,950,182.91. Chile ranks 24th out of 71 countries for this attribute.

Stocks traded as a percentage of GDP in Chile is 16.31%, below the average of 31.65%. Chile holds the 21st position out of 71 countries in this aspect.

Chile's market capitalization of listed domestic companies is $369,098,840,000, below the average of $1,196,037,851,618.88. The country ranks 21st out of 73 nations for this metric.

Market capitalization of listed domestic companies as a percentage of GDP is 145.17% in Chile, surpassing the average of 71.24%. Chile ranks 8th out of 73 countries in this category.

Chile experiences a -8.85% change in the S&P Global Equity Indices annually, which is below the average of 2.06%. Chile is ranked 58th out of 79 countries based on this indicator.

Summary

Chile demonstrates below-average numbers in terms of total listed domestic companies, total value of stocks traded, and stocks traded as a percentage of GDP, placing the country at ranks 20, 24, and 21 respectively among its global peers. However, Chile excels in market capitalization of listed domestic companies as a percentage of GDP, ranking 8th out of 73 nations. Despite these figures, Chile experiences a negative annual change in the S&P Global Equity Indices, ranking 58th out of 79 countries. These indicators are crucial as they reflect Chile's position in the global market, its attractiveness to investors, and its economic stability and growth prospects.

Investment

Foreign direct investment, net (BoP, current US$): Chile's value is significantly below the attribute average, ranking 146 out of 169 countries in the dataset.
Foreign direct investment, net inflows (BoP, current US$): Chile's value is above the attribute average, ranking 22 out of 182 countries in the dataset.
Foreign direct investment, net inflows (% of GDP): Chile's value is above the attribute average, ranking 45 out of 178 countries in the dataset.
Foreign direct investment, net outflows (BoP, current US$): Chile's value is above the attribute average, ranking 19 out of 156 countries in the dataset.
Foreign direct investment, net outflows (% of GDP): Chile's value is also above the attribute average, ranking 17 out of 155 countries in the dataset.
Portfolio Investment, net (BoP, current US$): Chile's value is significantly below the attribute average, ranking 152 out of 159 countries in the dataset.
Portfolio equity, net inflows (BoP, current US$): Chile's value is significantly below the attribute average, ranking 27 out of 125 countries in the dataset.

Summary

Chile's performance in foreign direct investment is mixed, with net inflows exceeding the global average but net outflows falling below it. However, the country's portfolio investment indicators paint a less favorable picture, with both net portfolio investment and equity inflows significantly lagging behind the global average. These findings are crucial as they indicate Chile's attractiveness to foreign investors and its ability to engage in global financial markets, which in turn can impact its economic growth and stability.

Broad Trade Attributes

Chile's Trade (% of GDP) stands at 58.13%, which is below the attribute average of 82.34%. With a rank of 106 out of 163 countries, Chile has room for increasing its trade as a percentage of GDP.

In terms of Merchandise trade (% of GDP), Chile's value is 52.40%, slightly below the attribute average of 60.01%. Chile ranks 92nd out of 186 countries included in the data for this attribute.

Chile's Trade in services (% of GDP) is at 7.31%, significantly lower than the attribute average of 24.63%. This places Chile at the 141st rank out of 171 countries.

Chile's External balance on goods and services (current US$) is relatively high, standing at 11,375,796,846.74. This marks a substantial difference from the attribute average of 3,405,509,011.13, placing Chile at the 29th rank out of 163 countries in this aspect.

Moreover, Chile's External balance on goods and services (% of GDP) is notably positive at 4.47%, in stark contrast to the attribute average of -5.97%. Chile holds the 27th rank out of 163 countries for this metric.

Summary

Chile's trade as a percentage of GDP is below the global average, indicating potential for further expansion. The country's merchandise trade also falls slightly below average, while trade in services lags significantly behind. However, Chile demonstrates a strong external balance on goods and services, both in absolute terms and as a percentage of GDP, outperforming the attribute averages. These indicators are crucial as they highlight Chile's trade competitiveness and its ability to maintain a positive balance in global trade, which can contribute to economic stability and growth.

Net Trade

Chile's current account balance is -4952326391.71 USD, ranking 152 out of 170 countries. This value is significantly below the average current account balance of 1443864831.49 USD.

The current account balance as a percentage of GDP for Chile is -1.95%, ranking 92 out of 170 countries. This value is slightly above the average of -2.36% of GDP.

Chile's net trade in goods and services is 11444340118.77 USD, ranking 28 out of 171 countries. This value is notably higher than the average net trade value of 2604730003.57 USD.

The net primary income for Chile stands at -15864684016.33 USD, ranking 156 out of 170 countries. This value is substantially below the average net primary income of -903807529.74 USD.

Chile's net secondary income is -531982494.15 USD, ranking 135 out of 170 countries. This value is lower than the average net secondary income of -269227340.40 USD.

For net trade in goods, Chile records a value of 18916838076.70 USD, ranking 21 out of 171 countries. This value is significantly above the average net trade in goods value of 1302831005.68 USD.

The net capital account for Chile is 1144476.41 USD, ranking 118 out of 159 countries. This value is below the average net capital account value of 136543824.05 USD.

Chile's net financial account is -7716672844.58 USD, ranking 153 out of 170 countries. This value is substantially below the average net financial account value of -469840994.63 USD.

Summary

Chile displays mixed performance in key macroeconomic indicators. While the country excels in net trade in goods and services, its current account balance, net primary income, and net financial account are below average, indicating challenges in these areas. These statistics are crucial as they reflect Chile's economic health, competitiveness, and ability to attract foreign investment, highlighting areas that may require attention for sustainable economic growth.

Broad Export Attributes

1. Exports of goods, services and primary income (BoP, current US$): Chile's value of $84,473,720,755.72 is below the average of $146,238,908,936.30. Chile ranks 43rd out of 170 countries in this attribute data.

2. Exports of goods and services (BoP, current US$): Chile's value of $79,578,821,292.80 is below the average of $122,938,540,059.78. Chile ranks 42nd out of 170 countries in this attribute data.

3. Exports of goods and services (current US$): Chile's value of $79,592,399,926.10 is below the average of $129,596,864,610.19. Chile ranks 43rd out of 163 countries in this attribute data.

4. Exports of goods and services (% of GDP): Chile's value of 31.30% is below the average of 38.19%. Chile ranks 76th out of 163 countries in this attribute data.

5. Goods exports (BoP, current US$): Chile's value of $74,024,363,032.91 is below the average of $93,310,581,697.39. Chile ranks 36th out of 171 countries in this attribute data.

6. International tourism, receipts (% of total exports): Chile's value of 1.30% is below the average of 9.74%. Chile ranks 103rd out of 120 countries in this attribute data.

7. ICT goods exports (% of total goods exports): Chile's value of 0.27% is below the average of 3.81%. Chile ranks 88th out of 142 countries in this attribute data.

Summary

Chile's exports of goods, services, and primary income are below the global average, with the country ranking 43rd in this aspect. Similarly, its goods and services exports fall below the average as well, ranking 42nd globally. Moreover, Chile's exports as a percentage of GDP are lower than the average, placing the country 76th worldwide in this metric. These numbers are crucial as they indicate Chile's relative position in the global market and its economic competitiveness.

Merchandise Exports

Chile's Merchandise exports amount to $74.02 billion, which is below the average of $89.54 billion. Chile ranks 37th out of 187 countries in this attribute.

Agricultural raw materials exports account for 5.37% of Chile's total exports, surpassing the average of 2.97%. Chile is ranked 23rd out of 151 countries in this category.

Food exports constitute 23.88% of Chile's merchandise exports, slightly below the average of 24.06%. Chile holds the 53rd rank out of 152 countries in this aspect.

Chile's fuel exports make up 0.68% of its merchandise exports, significantly lower than the average of 13.70%. Chile's rank is 113th out of 147 countries for this metric.

Ores and metals exports contribute to 57.37% of Chile's merchandise exports, substantially higher than the average of 9.10%. Chile excels in this category, ranking 3rd out of 152 countries.

Merchandise exports by the reporting economy, residual, represent 0.52% of Chile's total merchandise exports, below the average of 3.20%. Chile ranks 73rd out of 166 countries in this attribute.

Summary

Chile stands out in its heavy reliance on ores and metals exports, comprising over half of its total merchandise exports and ranking 3rd globally in this category. This specialization has positioned Chile as a key player in the global metals market. However, Chile's low contribution from fuel exports compared to the global average may indicate a vulnerability to fluctuations in energy prices and a potential area for diversification to enhance resilience in its export sector.

Technology Exports

Chile's Manufactures exports account for 11.56% of its merchandise exports, which is significantly below the average of 42.62%. This places Chile at rank 120 out of 152 countries.

The country's High-technology exports amount to $1,368,056,902, much lower than the average of $16,655,934,078.80. Chile ranks 47 out of 151 countries in this aspect.

Chile's High-technology exports as a percentage of manufactured exports stand at 15.98%, surpassing the average of 10.15%. This places Chile at the 30th position out of 150 countries.

In terms of Medium and high-tech exports as a percentage of manufactured exports, Chile's value is 8.76%, well below the average of 34.29%. This puts Chile at rank 123 out of 149 countries.

Summary

Chile exhibits a lower than average performance in key macroeconomic indicators related to exports such as manufactures exports, high-technology exports, high-technology exports as a percentage of manufactured exports, and medium and high-tech exports as a percentage of manufactured exports. These indicators are crucial as they reflect Chile's level of technological advancement, diversification of exports, and competitiveness in the global market. Improving these indicators can help Chile enhance its economic growth, attract foreign investment, and strengthen its position in the global trade arena.

Service Exports

Analysis of Key Statistics for Chile:

1. Service exports (BoP, current US$): Chile's value of $5,554,458,259.89 is significantly below the average of $28,917,292,503.82. Chile ranks 65th out of 171 countries in this attribute.

2. ICT service exports (BoP, current US$): Chile's value of $379,690,903.23 is well below the average of $4,578,501,153.77. Chile ranks 68th out of 166 countries in this attribute.

3. ICT service exports (% of service exports, BoP): Chile's value of 6.84% is below the average of 11.75%. Chile ranks 99th out of 166 countries in this attribute.

4. Communications, computer, etc. (% of service exports, BoP): Chile's value of 36.12% is below the average of 45.85%. Chile ranks 105th out of 169 countries in this attribute.

5. Transport services (% of service exports, BoP): Chile's value of 45.67% is above the average of 21.80%. Chile ranks 19th out of 169 countries in this attribute.

6. Travel services (% of service exports, BoP): Chile's value of 7.43% is below the average of 26.40%. Chile ranks 131st out of 167 countries in this attribute.

7. Insurance and financial services (% of service exports, BoP): Chile's value of 10.77% is above the average of 6.46%. Chile ranks 30th out of 161 countries in this attribute.

Summary

In summary, Chile's key statistics in service exports and ICT service exports are below global averages, indicating potential areas for growth and development in these sectors. Specifically, Chile performs well in transport services exports but lags in ICT service exports and travel services. The performance in these indicators is crucial as it provides insights into Chile's competitiveness in the global market and highlights areas that may require strategic focus to enhance overall economic performance and competitiveness.

Commercial Service Exports

Chile's commercial service exports amount to $5.27 billion, ranking 66th out of 171 countries. This is below the average commercial service exports of $28.51 billion.

Travel services account for 7.83% of Chile's commercial service exports. Chile ranks 131st out of 167 countries in this category, with its percentage significantly below the average of 27.89%.

Chile's computer, communications, and other services make up 32.68% of its commercial service exports, ranking 107th out of 169 countries. This percentage is below the average of 42.44%.

Insurance and financial services represent 11.36% of Chile's commercial service exports, placing Chile 29th out of 161 countries. Chile's percentage is above the average of 6.97%.

Transport services contribute 48.13% to Chile's commercial service exports, ranking 21st out of 169 countries. Chile's percentage is significantly above the average of 23.37%.

Summary

Chile's commercial service exports are below the global average at $5.27 billion. The country's heavy reliance on transport services, which make up a significant portion of its exports, is a notable strength. However, Chile lags behind in travel services and computer-related services, highlighting areas for potential growth and diversification in its service export sector.

Broad Import Attributes

Chile's Imports of goods and services (current US$) amount to $68,216,603,079.35, placing it at rank 45 out of 163 countries. This value is below the attribute average of $126,191,355,599.06.

Imports of goods and services (% of GDP) for Chile stand at 26.83%, ranking 122 out of 163 countries. The country performs below the attribute average of 44.15%.

Chile's International tourism expenditures (% of total imports) is 1.06%, ranking 119 out of 131 countries. This figure is notably lower than the attribute average of 3.98%.

For ICT goods imports (% total goods imports), Chile has a value of 8.92%, placing it at rank 33 out of 143 countries. The country surpasses the attribute average of 6.85%.

Chile's Goods imports (BoP, current US$) amount to $55,107,524,956.21, ranking 41 out of 171 countries. This value falls below the attribute average of $92,007,788,027.17.

Imports of goods and services (BoP, current US$) in Chile are valued at $68,134,481,174.03, ranking 45 out of 170 countries. This value is lower than the attribute average of $120,321,577,988.12.

Lastly, Chile's Imports of goods, services, and primary income (BoP, current US$) are $88,894,064,653.28. This places Chile at rank 42 out of 170 countries, below the attribute average of $144,514,428,722.28.

Summary

Chile's import figures across various categories such as goods and services, ICT goods, and international tourism expenditures reveal that the country tends to import less than the global average in several key areas. This could indicate potential challenges in terms of diversification, competitiveness, and possibly reliance on foreign goods and services. Addressing these import dynamics can be crucial for Chile's economic growth, resilience, and sustainability in the long term.

Merchandise Imports

Chile's merchandise imports amount to $59.2 billion, which is below the average of $89.4 billion, ranking 43rd out of 190 countries. Manufactures imports account for 72.15% of Chile's merchandise imports, higher than the average of 66.76%, ranking 48th out of 152 countries. Agricultural raw materials imports represent only 0.72% of Chile's merchandise imports, below the average of 1.27%, placing Chile 117th out of 152 countries.

Food imports constitute 12.56% of Chile's merchandise imports, lower than the average of 15.89%, with a rank of 97 out of 152 countries. Fuel imports make up 12.94% of Chile's merchandise imports, surpassing the average of 11.38%, placing Chile 57th out of 152 countries. Ores and metals imports represent 1.62% of Chile's merchandise imports, below the average of 2.57%, ranking Chile 79th out of 152 countries.

Moreover, Chile's merchandise imports by the reporting economy, residual accounts for 2.44% of the total merchandise imports, slightly below the average of 2.51%, ranking 37th out of 180 countries included in the data.

Summary

Chile's merchandise imports show a notable reliance on manufactured goods compared to agricultural raw materials, with a higher proportion of food and fuel imports than the global average. This suggests a stronger industrial base and potential vulnerability to fluctuations in global commodity prices. Additionally, the lower share of agricultural imports indicates potential challenges in food security and agricultural self-sufficiency. These indicators are crucial for understanding Chile's trade dynamics, economic diversification, and resilience to external shocks.

Service Imports

Chile's service imports amount to $13,026,956,217.81, ranking 47th out of 171 countries. This value is below the average service imports of $27,615,356,170.47.

Communications, computer, etc. account for 49.15% of Chile's service imports, ranking 77th out of 169 countries. This percentage is above the average of 44.40%.

Transport services make up 33.84% of Chile's service imports, ranking 72nd out of 169 countries. This value is slightly above the average of 32.90%.

Travel services represent 4.14% of Chile's service imports, placing Chile 143rd out of 169 countries. This percentage is significantly below the average of 14.14%.

Insurance and financial services constitute 12.86% of Chile's service imports, ranking 32nd out of 169 countries. This percentage is higher than the average of 8.53%.

Summary

Chile's service imports are below the global average at $13,026,956,217.81. The country shows strengths in communications and computer services, as well as insurance and financial services, with percentages above the global average. However, there is a significant disparity in the travel services sector, indicating a potential area for growth and development.

These findings are crucial for understanding Chile's economic dynamics and trade composition. By highlighting the country's reliance on specific service sectors and its underperformance in others, policymakers can focus on strategies to enhance competitiveness, diversify service imports, and capitalize on strengths to drive economic growth and stability.

Commercial Service Imports

Chile's commercial service imports amount to $12,693,993,772.43, ranking 47th out of 171 countries. This value is significantly below the average commercial service imports of $27,102,746,128.60.

In terms of Computer, Communications, and Other Services (% of commercial service imports), Chile stands at 47.82%, ranking 73rd out of 169 countries. This value is above the average of 41.71%.

Chile's Insurance and Financial Services (% of commercial service imports) is 13.20%, ranking 32nd out of 169 countries. This value is notably higher than the average of 8.85%.

Transport Services (% of commercial service imports) in Chile constitute 34.73%, ranking 80th out of 169 countries. This value is just slightly above the average of 34.71%.

Chile's Travel Services (% of commercial service imports) is 4.25%, placing it at 143rd out of 169 countries. This value is significantly lower than the average of 14.73%.

Summary

Chile has a below-average commercial service imports value, with a notable emphasis on Computer, Communications, and Other Services, as well as Insurance and Financial Services. However, its emphasis on Travel Services is notably lower compared to the average. These indicators are crucial as they reflect Chile's economic activities and priorities in terms of services trade, highlighting areas where the country may have competitive strengths or weaknesses relative to other nations.

Infrastructure

Chile's railways carried 517 million passenger-km, significantly below the attribute average of 32,281.9 million passenger-km, ranking 42nd out of 64 countries in the dataset.

For goods transported by railways, Chile moved 3,585.5 million ton-km, also below the average of 119,231.2 million ton-km, ranking 38th out of 62 countries.

In air transport, Chile transported 1,458.4 million ton-km of freight, slightly above the average of 1,384.4 million ton-km, placing 19th out of 126 countries.

Chile recorded 72,839 registered carrier departures worldwide, well below the average of 134,365.6 departures, ranking 38th out of 149 countries.

With 8,019,753 passengers carried by air transport, Chile again falls below the average of 11,848,242.7 passengers, ranking 34th out of 149 countries.

Handling 4,217,191 TEUs of container port traffic, Chile lags behind the average of 6,907,110.3 TEUs, ranking 34th out of 110 countries.

Chile's total rail lines span 2,396 km, significantly lower than the average of 12,204.7 km, ranking 39th out of 66 countries.

Summary

Chile exhibits below-average performance in various key macroeconomic indicators such as railway passenger-km, goods transported by railways, air transport freight, registered carrier departures, passengers carried by air transport, container port traffic, and total rail line length. These statistics are crucial as they indicate Chile's relative standing and efficiency in transportation infrastructure compared to other countries. Lower performance in these areas may impact Chile's competitiveness, trade capabilities, and overall economic development.

Information Technology Infrastructure

Chile has 246,876 secure internet servers, which is below the average of 458,294. Chile ranks 34th out of 193 countries in this attribute.

Chile has 12,791 secure internet servers per 1 million people, which is below the average of 14,067. Chile ranks 46th out of 193 countries in this attribute.

86.37% of Chile's population uses the internet, which is above the average of 64.77%. Chile ranks 41st out of 180 countries in this attribute.

Chile has 3,763,826 fixed broadband subscriptions, which is below the average of 6,591,956. Chile ranks 40th out of 185 countries in this attribute.

Chile has 25,068,249 mobile cellular subscriptions, which is below the average of 42,526,464. Chile ranks 50th out of 193 countries in this attribute.

Summary

Chile performs slightly below average in terms of secure internet servers, secure internet servers per 1 million people, fixed broadband subscriptions, and mobile cellular subscriptions compared to global averages. However, the country excels in internet usage with 86.37% of its population accessing the internet, which is above the global average. These indicators are crucial as they reflect Chile's connectivity infrastructure, digital capabilities, and potential for further technological advancement in the digital age.

Energy Consumption

Chile's renewable energy consumption stands at 26.73%, which is below the global average of 32.18%. The country ranks 87th out of 191 countries in this category.

On the other hand, Chile's CO2 emissions amount to 84,827.8 kt, significantly below the average of 171,895.94 kt. This places Chile 42nd out of 188 countries in terms of CO2 emissions.

Summary

Chile's renewable energy consumption is below the global average, ranking 87th out of 191 countries. However, the country's CO2 emissions are significantly lower than the global average, positioning Chile at 42nd out of 188 nations in this category. These findings indicate that while Chile has room to improve its renewable energy consumption, its efforts in controlling CO2 emissions are commendable, showcasing a commitment to environmental sustainability and potentially attracting investment from environmentally-conscious industries.

Government Balance Sheet

Chile's net acquisition of financial assets is -3.17% of GDP, below the average of 2.45%. The country ranks 81 out of 87 countries in this attribute data.

The net incurrence of liabilities in Chile is 4.04% of GDP, below the average of 7.43%. Chile ranks 65 out of 92 countries in this attribute data.

Chile's reserves and related items stand at -2870186393.60 USD, deviating significantly from the average of 1924407186.58 USD. Chile ranks 153 out of 171 countries in this attribute data.

With total reserves minus gold at 39151178419.41 USD, Chile is below the average of 74221588171.61 USD. The country ranks 42 out of 161 countries in this attribute data.

Chile's total reserves, including gold, amount to 39166118109.41 USD, falling short of the average of 85708019773.47 USD. The country ranks 46 out of 161 countries in this attribute data.

Chile's total reserves in months of imports is 5.29, lower than the average of 7.10 months. The country ranks 83 out of 151 countries in this attribute data.

Summary

Chile's macroeconomic indicators reveal a mixed picture: while the country's net acquisition of financial assets, incurrence of liabilities, and reserves position are below average globally, its total reserves, though below average, are comparatively better. The low reserves in months of imports indicate potential vulnerabilities in managing external shocks. Addressing these discrepancies is crucial for enhancing Chile's financial stability and resilience in the face of global economic uncertainties.

Government Revenue

Chile's Revenue, excluding grants (% of GDP) sits at 19.92%, below the average of 27.02%. This places Chile at rank 84 out of 122 countries.

Grants and other revenue (% of revenue) in Chile stand at 11.05%, significantly lower than the average of 23.54%. Chile ranks 80 out of 108 countries in this aspect.

Chile's Social contributions (% of revenue) are at 7.74%, well below the average of 22.29%. This places Chile at rank 63 out of 81 countries.

When it comes to Taxes on goods and services (% of revenue), Chile records 49.18%, notably higher than the average of 31.82%. Chile ranks 6 out of 122 countries in this category.

Chile's Taxes on international trade (% of revenue) are at 0.67%, significantly lower than the average of 6.24%. This puts Chile at rank 86 out of 101 countries.

For Other taxes (% of revenue), Chile reports 2.75%, slightly above the average of 2.12%. Chile ranks 27 out of 106 countries in this aspect.

Lastly, Taxes on income, profits and capital gains (% of revenue) in Chile stand at 28.61%, higher than the average of 24.66%. Chile ranks 42 out of 119 countries in this category.

Summary

Chile's fiscal profile reveals a mixed picture compared to global averages. While the country excels in generating revenue through taxes on goods and services, it lags behind in revenue from grants and other sources. The high reliance on taxes on goods and services could indicate a heavy burden on domestic consumption, potentially affecting consumer behavior and overall economic growth in Chile.

Taxes

Chile's tax revenue as a percentage of GDP stands at 16.18%, slightly below the average of 16.72%. This places Chile at rank 61 out of 123 countries in the dataset.

Chile's customs and other import duties as a percentage of tax revenue is notably low at 0.82%, significantly lower than the average of 9.01%. This places Chile at rank 88 out of 99 countries in the dataset.

The taxes on income, profits, and capital gains in Chile account for 35.23% of total taxes, which is slightly below the average of 38.40%. This places Chile at rank 69 out of 120 countries in the dataset.

Chile's weighted mean applied tariff rate for all products is 0.43%, substantially lower than the average of 5.21%. This places Chile at rank 150 out of 153 countries in the dataset.

Summary

Chile demonstrates a unique tax revenue structure with lower reliance on customs and import duties compared to its peers, allocating a larger portion to income, profits, and capital gains taxes. Additionally, Chile maintains a very competitive tariff rate across all products, indicating a strong commitment to open trade policies. These indicators highlight Chile's strategic positioning to attract foreign investment, foster economic growth, and integrate into global value chains effectively.

Government Expenses

Expense (% of GDP): Chile's expense as a percentage of GDP is 26.22%, which is below the average of 31.69%. This places Chile at rank 76 out of 123 countries.

Compensation of employees (% of expense): Chile allocates 20.10% of its expenses to employee compensation, which is below the average of 24.70%. Chile ranks 70 out of 123 countries in this aspect.

Goods and services expense (% of expense): Chile spends 8.27% of its expenses on goods and services, significantly lower than the average of 14.77%. This puts Chile at rank 91 out of 122 countries.

Interest payments (% of expense): Chile's expenditure on interest payments is 3.45% of its expenses, which is below the average of 6.85%. Chile is ranked 77 out of 121 countries in this category.

Other expense (% of expense): Chile's allocation of 16.13% of expenses to other categories is higher than the average of 8.29%. This places Chile at rank 17 out of 120 countries.

Subsidies and other transfers (% of expense): Chile dedicates 52.04% of its expenses to subsidies and transfers, exceeding the average of 43.29%. Chile is ranked 38 out of 121 countries in this regard.

Summary

Chile demonstrates prudent fiscal management with its expense as a percentage of GDP below the global average. While the country allocates less towards employee compensation and goods/services compared to the average, it places a higher emphasis on other expenses and subsidies/transfers. This strategic allocation can indicate Chile's focus on social welfare and development initiatives, potentially driving long-term economic stability and social cohesion.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Renewable internal freshwater resources, total (billion cubic meters)	12/178
Mineral rents (% of GDP)	8/86
Aquaculture production (metric tons)	9/180
Capture fisheries production (metric tons)	10/190
Total fisheries production (metric tons)	13/182
Fertilizer consumption (kilograms per hectare of arable land)	18/187
Ores and metals exports (% of merchandise exports)	3/152
Taxes on goods and services (% of revenue)	6/122

Ranks in Bottom Decile For:

Attribute	Rank/Total
Portfolio Investment, net (BoP, current US$)	152/159
Net primary income (BoP, current US$)	156/170
International tourism, expenditures (% of total imports)	119/131
Net acquisition of financial assets (% of GDP)	81/87
Tariff rate, applied, weighted mean, all products (%)	150/153