Korea, and Mexico. Over the past seven years, foreign direct investment inflows have quadrupled to some $15 billion in 2010, but FDI had dropped to about $7 billion in 2009 in the face of diminished investment throughout the world. The Chilean government conducts a rule-based countercyclical fiscal policy, accumulating surpluses in sovereign wealth funds during periods of high copper prices and economic growth, and allowing deficit spending only during periods of low copper prices and growth. As of September 2008, those sovereign wealth funds - kept mostly outside the country and separate from Central Bank reserves - amounted to more than $20 billion. Chile used $4 billion from this fund to finance a fiscal stimulus package to fend off recession. In December 2009, the OECD invited Chile to become a full member, after a two year period of compliance with organization mandates. The economy started to show signs of a rebound in the fourth quarter, 2009, and GDP grew more than 5% in 2010. The magnitude 8.8 earthquake that struck Chile in February 2010 was one of the top ten strongest earthquakes on record. It caused considerable damage near the epicenter, located about 70 miles from Concepcion - and about 200 miles southwest of Santiago.
GDP (purchasing power parity):
$260 billion (2010 est.) country comparison to the world: 46 $246.9 billion (2009 est.)
$250.6 billion (2008 est.)
note: data are in 2010 US dollars
GDP (official exchange rate):
$199.2 billion (2010 est.)
GDP - real growth rate:
5.3% (2010 est.) country comparison to the world: 48 −1.5% (2009 est.)
3.7% (2008 est.)
GDP - per capita (PPP):
$15,500 (2010 est.) country comparison to the world: 72 $14,900 (2009 est.)
$15,200 (2008 est.)
note: data are in 2010 US dollars
GDP - composition by sector:
agriculture: 5.6%
industry: 40.5%
services: 53.9% (2009 est.)
Labor force:
7.58 million (2010 est.) country comparison to the world: 61
Labor force - by occupation:
agriculture: 13.2%
industry: 23%
services: 63.9% (2005)
Unemployment rate:
8.7% (2010 est.) country comparison to the world: 100 9.6% (2009 est.)
Population below poverty line:
18.2% (2005)
Household income or consumption by percentage share:
lowest 10%: 1.6%
highest 10%: 41.7% (2006)
Distribution of family income - Gini index:
54.9 (2003) country comparison to the world: 14 57.1 (2000)
Investment (gross fixed):
23.5% of GDP (2010 est.) country comparison to the world: 52
Public debt:
6.2% of GDP (2010 est.) country comparison to the world: 126 6.1% of GDP (2009 est.)
Inflation rate (consumer prices):
1.7% (2010 est.) country comparison to the world: 45 1.5% (2009 est.)
Central bank discount rate:
0.5% (31 December 2009) country comparison to the world: 52 8.25% (31 December 2008)
Commercial bank prime lending rate:
7.25% (31 December 2009 est.) country comparison to the world: 60 13.26% (31 December 2008 est.)
Stock of narrow money:
$29.81 billion (31 December 2010 est) country comparison to the world: 57 $23.68 billion (31 December 2009 est)
Stock of broad money:
$160.3 billion (31 December 2009) country comparison to the world: 45 $127.5 billion (31 December 2008)
Stock of domestic credit:
$153.6 billion (31 December 2010 est.) country comparison to the world: 41 $133.7 billion (31 December 2009 est.)
Market value of publicly traded shares:
$209.5 billion (31 December 2009) country comparison to the world: 29 $132.4 billion (31 December 2008)
$212.9 billion (31 December 2007)
Agriculture - products:
grapes, apples, pears, onions, wheat, corn, oats, peaches, garlic, asparagus, beans; beef, poultry, wool; fish; timber
Industries:
copper, other minerals, foodstuffs, fish processing, iron and steel, wood and wood products, transport equipment, cement, textiles
Industrial production growth rate:
3.2% (2010 est.) country comparison to the world: 97
Electricity - production:
60.6 billion kWh (2007 est.) country comparison to the world: 41
Electricity - consumption:
57.29 billion kWh (2007 est.) country comparison to the world: 43
Electricity - exports:
0 kWh (2008 est.)
Electricity - imports:
1.628 billion kWh (2007 est.)
Oil - production:
10,850 bbl/day (2009 est.) country comparison to the world: 84
Oil - consumption:
277,000 bbl/day (2009 est.) country comparison to the world: 47
Oil - exports:
49,250 bbl/day (2007 est.) country comparison to the world: 79
Oil - imports:
311,200 bbl/day (2007 est.) country comparison to the world: 36
Oil - proved reserves:
150 million bbl (1 January 2010 est.) country comparison to the world:
