- Budget > Revenues: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
- Budget surplus > + or deficit > -: This entry records the difference between national government revenues and expenditures, expressed as a percent of GDP. A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money. Countries with high budget deficits (relative to their GDPs) generally have more difficulty raising funds to finance expenditures, than those with lower deficits.
- Currency > Least valued currency unit > Exchange rate to 1 US dollar: Exchange rate of some of the least valued currencies in the world with regards to the US Dollars, as of Jan 23, 2011.
Debt > Government debt > Public debt, share of GDP:
Public debt as % of GDP (CIA).
No date was available from the Wikipedia article, so we used the date of retrieval.
- Exports: This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
- Fiscal year: The beginning and ending months for a country's accounting period of 12 months, which often is the calendar year but which may begin in any month. All yearly references are for the calendar year (CY) unless indicated as a noncalendar fiscal year (FY).
- GDP: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
- GDP > Composition by sector > Industry: The gross domestic product (GDP) or value of all final goods produced by the industrial sector within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
- GDP > Per capita: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per capita figures expressed per 1 population.
- GDP > Per capita > PPP: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year.
- GDP per capita: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Figures expressed per capita for the same year.
- Gross National Income: GNI, Atlas method (current US$). GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and prop).
- Population below poverty line: National estimates of the percentage of the population lying below the poverty line are based on surveys of sub-groups, with the results weighted by the number of people in each group. Definitions of poverty vary considerably among nations. For example, rich nations generally employ more generous standards of poverty than poor nations.
- Public debt: This entry records the cumulatiive total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.
- Unemployment rate: This entry contains the percent of the labor force that is without jobs. Substantial underemployment might be noted.
SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; CIA World Factbooks 2010, 2011, 2012, 2013; Xe Currency Converter; Wikipedia: List of countries by public debt (List) (Public debt , The World Factbook , United States Central Intelligence Agency , accessed on March 21, 2013.); All CIA World Factbooks 18 December 2003 to 18 December 2008; World Bank national accounts data, and OECD National Accounts data files.; CIA World Factbook 2010, 2011, 2012, 2013; World Bank national accounts data, and OECD National Accounts data files. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; CIA World Factbooks 18 December 2003 to 28 March 2011
"Chile Economy Stats", NationMaster. Retrieved from http://www.nationmaster.com/country-info/profiles/Chile/Economy
"Chile Economy Stats, NationMaster." 1845-2014. <http://www.nationmaster.com/country-info/profiles/Chile/Economy>.
'Chile Economy Stats, NationMaster', <http://www.nationmaster.com/country-info/profiles/Chile/Economy> [assessed 1845-2014]
"Chile Economy Stats", NationMaster [Internet]. 1845-2014. Avaliable from: <http://www.nationmaster.com/country-info/profiles/Chile/Economy>.
"Chile Economy Stats", NationMaster. Avaliable at: nationmaster.com. Assessed 1845-2014.
"Chile Economy Stats, NationMaster," http://www.nationmaster.com/country-info/profiles/Chile/Economy (assessed 1845-2014)
"Chile Economy Stats", NationMaster, http://www.nationmaster.com/country-info/profiles/Chile/Economy (last visited 1845-2014)
"Chile Economy Stats", NationMaster, http://www.nationmaster.com/country-info/profiles/Chile/Economy (as of 1845-2014)
Chile Economy Profiles (Subcategories)
- Chile ranked first for GDP > real growth rate amongst High income OECD countries in 2012.
- Chile ranked second for GDP per capita amongst Emerging markets in 2012.
- Chile ranked second for tax > GDP per capita > constant LCU amongst Christian countries in 2012.
- Chile ranked first for economic freedom amongst Catholic countries in 2013.
- Chile ranked second for GDP > per capita > PPP amongst Former Spanish colonies in 2012.
- Chile ranked #4 for GDP > composition by sector > industry amongst Latin America and Caribbean in 2012.
- Chile ranked first for tax > GDP > constant LCU amongst Cold countries in 2012.
Chile's labor force was a total of almost 6 million in 2000, equal to a little under 38% of the total population. The major occupation of its labor force is in services, with only 14% in agriculture and 27% in industry. This would imply that a large section of the labor force is well educated, a fact borne out by its relatively high ranking for average years of schooling, which stands at 7.5 years for the current adult population, and the 9 years of compulsory education mandated more recently. Enrolment for secondary education is also very high, as is overall literacy. Chile ranks 40th in enrolment for higher or tertiary education.
Chile produces some unique pepper varieties. It is also famous for its wines. Chile ranks 3rd for the its quantity of marine fish catch. It has had some major successes in innovation of pepper and tobacco varieties. To encourage research in other areas of technological innovation, Chile has instituted a system known as the National System of Innovation, which is currently focused mainly on applied sciences.