Chile GDP 1Q2014

by Eduardo Petazze
In the 1Q2014 Chile's GDP grew by 2.63% Y/Y (+0.75% Q/Q), from +2.67% Y/Y (-0.10% Q/Q) in the 4Q2013
By 2014 it is estimated that GDP will grow by 3.42% (better than our previous estimate of 2.64%), from 4.07% in 2013
Chile's central bank released data GDP 1st. quarter of 2014 (pdf, 38 pages)
The following summary includes our projection for the rest of the year
2012
2013
2014 ( Billions of chained pesos ) 2008 prices
2,819.03
2,951.48
3,184.81 Agriculture and forestry
442.34
385.95
342.44 Fishing
13,010.33 13,806.67 14,311.50 Mining
11,481.37 11,509.03 11,541.46 Manufacturing
3,713.07
3,983.49
4,145.49 Electricity , gas and water
7,590.97
7,835.59
8,010.82 Construction
10,530.09 11,284.13 11,764.37 Trade
1,486.12
1,530.39
1,566.62 Restaurants and hotels
4,897.23
5,053.18
5,250.97 Transport
2,542.47
2,667.02
2,779.66 Communications
6,641.30
7,006.17
7,296.72 Financial Services
14,089.40 14,578.31 14,996.20 Business Services
5,063.82
5,235.18
5,408.90 Housing services
11,452.16 11,860.13 12,333.57 Personal Services
4,348.03
4,536.24
4,723.40 Public Administration
99,522.69 103,511.16 106,990.09
GVA
9,421.62
9,937.45 10,379.73 Value added tax
686.19
649.26
642.24 Import duties
109,558.13 114,022.31 117,922.40
GDP
72,394.48 76,440.29 79,665.09 Household consumption and IPSFL
12,798.19 13,329.74 14,220.65 Government Consumption
29,349.83 29,464.70 29,033.74 Gross fixed capital formation
40,598.27 42,330.76 42,821.04 Exports of goods and services
47,514.76 48,566.87 47,077.99 Imports of goods and services
109,558.13 114,022.31 117,922.40
GDP, NSA
5.38%
4.07%
3.42%
Y/Y
109,518.04 114,080.06 117,922.40 memo: GDP, SA
5.45%
4.17%
3.37%
Q/Q
26.8%
25.8%
24.6% GFCF / GDP
90,421.0
89,471.0
89,681.2 Exports of goods & services (million USD)
90,189.6
90,262.3
87,741.8 Imports of goods & services (million USD)
2012
2013
2014
Y/Y
-2.00%
4.70%
7.91% Agriculture and forestry
5.15%
-12.75%
-11.27% Fishing
3.79%
6.12%
3.66% Mining
3.43%
0.24%
0.28% Manufacturing
7.59%
7.28%
4.07% Electricity , gas and water
7.00%
3.22%
2.24% Construction
8.35%
7.16%
4.26% Trade
4.76%
2.98%
2.37% Restaurants and hotels
5.50%
3.18%
3.91% Transport
8.95%
4.90%
4.22% Communications
11.28%
5.49%
4.15% Financial Services
6.19%
3.47%
2.87% Business Services
2.86%
3.38%
3.32% Housing services
4.12%
3.56%
3.99% Personal Services
3.55%
4.33%
4.13% Public Administration
5.25%
4.01%
3.36%
GVA
6.62%
5.48%
4.45% Value added tax
10.24%
-5.38%
-1.08% Import duties
5.38%
4.07%
3.42%
GDP
5.96%
5.59%
4.22% Household consumption and IPSFL
3.66%
4.15%
6.68% Government Consumption
12.17%
0.39%
-1.46% Gross fixed capital formation
1.13%
4.27%
1.16% Exports of goods and services
4.97%
2.21%
-3.07% Imports of goods and services
Last data
Own estimate
Also see: Chile Industrial Production Index and Economic Activity

2013Q1
1,215.92
89.15
3,309.30
2,889.58
949.15
1,959.64
2,569.84
373.31
1,245.76
643.59
1,689.31
3,601.34
1,292.51
2,361.33
1,135.69
25,168.13
2,312.29
173.28
27,640.39
17,935.56
2,520.23
7,234.71
10,196.95
11,541.71
27,640.39
4.93%
28,340.90
1.34%
26.2%
22,146.4
21,911.0
2013Q1
6.04%
-14.74%
9.82%
-0.03%
4.18%
4.21%
8.93%
3.55%
4.16%
6.81%
7.69%
2.96%
3.42%
4.14%
3.88%
4.89%
5.79%
1.11%
4.93%
5.69%
3.39%
8.20%
1.14%
6.97%

2013Q2
687.49
109.95
3,346.74
2,873.18
985.57
1,952.28
2,808.47
376.43
1,241.19
667.81
1,743.88
3,619.76
1,303.04
3,121.55
1,122.39
25,786.42
2,430.96
149.37
28,352.89
18,812.33
3,430.33
7,486.19
10,950.21
12,303.26
28,352.89
3.83%
28,307.42
-0.12%
26.4%
23,058.3
22,725.9
2013Q2
3.22%
-12.22%
3.89%
-0.39%
7.52%
4.38%
7.52%
3.30%
3.09%
5.31%
5.85%
3.58%
3.39%
3.29%
3.52%
3.68%
7.30%
-18.65%
3.83%
6.44%
4.60%
10.21%
6.42%
8.06%

2013Q3
448.35
98.59
3,468.72
2,837.42
966.45
1,931.37
2,797.11
383.96
1,249.21
667.83
1,757.72
3,521.75
1,314.08
3,174.98
1,151.54
25,605.44
2,474.85
170.18
28,229.20
19,251.52
3,405.82
7,524.48
10,410.86
12,452.21
28,229.20
5.01%
28,730.34
1.49%
26.7%
21,642.0
22,967.2
2013Q3
4.52%
-10.05%
9.43%
2.80%
6.85%
4.30%
8.08%
4.57%
4.69%
3.98%
5.07%
3.34%
3.37%
3.24%
5.42%
4.99%
5.40%
0.69%
5.01%
5.37%
5.56%
-1.48%
11.33%
0.54%

2013Q4
599.73
88.26
3,681.92
2,908.85
1,082.33
1,992.29
3,108.70
396.69
1,317.02
687.80
1,815.26
3,835.47
1,325.55
3,202.26
1,126.62
26,951.16
2,719.35
156.42
29,799.83
20,440.87
3,973.35
7,219.33
10,772.73
12,269.69
29,799.83
2.67%
28,701.40
-0.10%
24.2%
22,624.2
22,658.2
2013Q4
3.87%
-14.23%
2.12%
-1.27%
10.35%
0.21%
4.65%
0.67%
1.00%
3.66%
3.60%
3.97%
3.35%
3.73%
4.49%
2.60%
3.70%
-3.54%
2.67%
4.93%
3.08%
-12.31%
-0.94%
-5.29%

2014Q1
1,312.94
84.25
3,315.49
2,893.74
970.66
1,984.66
2,631.41
377.58
1,281.22
667.24
1,748.34
3,701.57
1,337.13
2,450.32
1,180.38
25,809.37
2,407.14
165.39
28,368.01
18,593.54
2,760.93
6,872.28
10,749.36
11,129.32
28,368.01
2.63%
28,916.07
0.75%
24.2%
22,321.8
20,763.1
2014Q1
7.98%
-5.49%
0.19%
0.14%
2.27%
1.28%
2.40%
1.14%
2.85%
3.68%
3.49%
2.78%
3.45%
3.77%
3.93%
2.55%
4.10%
-4.56%
2.63%
3.67%
9.55%
-5.01%
5.42%
-3.57%

2014Q2
731.88
98.03
3,535.73
2,877.84
1,020.16
1,989.10
2,933.05
383.35
1,292.48
695.08
1,819.49
3,708.90
1,345.16
3,263.01
1,170.47
26,704.10
2,521.17
167.04
29,377.26
19,563.86
3,647.96
7,172.69
10,902.99
11,602.67
29,377.26
3.61%
29,388.59
1.63%
24.4%
22,862.4
21,633.4
2014Q2
6.46%
-10.84%
5.65%
0.16%
3.51%
1.89%
4.44%
1.84%
4.13%
4.08%
4.34%
2.46%
3.23%
4.53%
4.28%
3.56%
3.71%
11.83%
3.61%
3.99%
6.34%
-4.19%
-0.43%
-5.69%