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Chile Analysis

In: Social Issues

Submitted By romano494
Words 3067
Pages 13
Research paper

Economy of Chile

Group 10
Nazirabonu Alimardonova
Krista Rebecca Bradshaw
Romans Opengeims
Vladislav Matievsky
Edgars Butramjevs

Trend Comparison of Indicators - Chile 3
Chile Unemployment 3
Chile Inflation Rate 4
Export, Import and Balance of Trade 4
Government Budget Indicators and Government Debt to GDP 5
CPI and PPI 6
Specifics of the Country 7
Misbalance in the Economy 7
The Crisis of 1982 8
Investing in Chile 8
Future Economic Development 9

Trend Comparison of Indicators - Chile

Chile is one of Latin America´s fastest growing economies, mostly due to rise in exports. Big chunk of Chile`s GDP contributes to mining (copper and other materials) 15.2% which is increasing with every year, thus; increasing the GDP. Second largest GDP by sector is business services which make 13% followed by manufacturing industries 11%. Values in Real GDP chart are adjusted for inflation and because of that, its Real GDP will appear lower as Nominal GDP. During the period from 1998 to 2005, Real GDP is higher than Nominal GDP which is an indicator of deflation. During 1999, Chile, like most of Latin America, faced a one-year downturn. Its domestic economy underwent a minor recession due to negative impact of the Asian crisis which triggered the crisis in Chile’s private sectors. This downside is reflected in the Nominal GDP. Another downfall of both Nominal and Real GDP are seen in 2009. During this time Chile suffered economical downfall which was caused by Global Financial Crisis.
Chile Unemployment
Unemployed persons are defined as those who are not currently working but are willing to do so and actively searching for work. Long-term unemployment has a large negative effect on feelings of well-being and self-worth and result in a loss of skills,…...

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