Chile's economy is based on the export of minerals over all, which represent about half of the total value of exports. Copper is the most valuable resource of the nation, and Chile is the world's largest producer of this mineral. Copper only provides one-third of government revenue. The dependence of the economy on copper prices and the production of an adequate food supply are two of Chile's larger economic problems. On the other hand, main imports are oil, oil products, chemicals products, electrical and telecommunications equipment, industrial machinery, vehicles, and natural gas.
In 2012, from January to September, we can see the following results. Economy expanded 5,7 %, overcoming the expectations of growth raised by the Central Bank of Chile, although the economy starts showing signs of slowing, with a minor pace of growth in the employment, the expense and the investment. The internal demand increased 8 %, product of the rise in the consumption (5,9 %) and the gross fixed capital formation (13,3 %). Financial services, trade and construction are those who more grew, whereas it goes fishing and industry they suffered falls. In October the GDP grew 6,7 %, its larger growth in the year and in November, the increase was 5,5 %, due to the strong increase of the internal demand, especially, trade, services and mining industry.
At that time, the protagonist continues being the tertiary sector, with the financial sector leading an a participation of 20,6 % in GDP, and followed by the mining industry (12,8 %), manufacture (11,5 %) and trade (10,7 %).
Exports of services reached a rise of 1,2 % and the imports 5,5 % less than in the same period of 2011. Therefore, the scale of services registered a negative balance, a deficit 42,8 % less to that of the same period of the previous year. Inside the exports of services the transport stands out, with 52,8 % and fundamentally maritime. Imports of transport’s sector have similar result, with 52,1 % of the total. Imports of intermediate goods continue being the most relevant. For products, stand out diesel oil, oil, cars and liquefied natural gas over all.
Experts in Chilean economy and its relationship with Spain met last May in CEIM's headquarters (Madrid Business Conference) to report to the companies interested in business with Chile, installing their companies there or importing products, emphasizing that the specially interesting sectors to invert are the mining industry, the fruit sector, the energy and the engineering.The Spanish Government considers that relations are extraordinary between Spain and Chile, but, according to diplomatic sources exists an huge potential, principally in the economic and commercial area. Both countries have signed since 2006 a Plan of Strategic Association to reinforce their relation and to intensify the possibilities of combiner joint action in Latin America and in the rest of the world. Last January, one signed an update of the same one to increase the collaboration in diverse areas, as the technologies, the SMEs, the tourism and the education. This alliance comprises Chile, Peru, Mexico and Colombia, and Spain is an observant country in it.
The market is the world. Globalider is specialist in internationalization of companies.
In 2012, from January to September, we can see the following results. Economy expanded 5,7 %, overcoming the expectations of growth raised by the Central Bank of Chile, although the economy starts showing signs of slowing, with a minor pace of growth in the employment, the expense and the investment. The internal demand increased 8 %, product of the rise in the consumption (5,9 %) and the gross fixed capital formation (13,3 %). Financial services, trade and construction are those who more grew, whereas it goes fishing and industry they suffered falls. In October the GDP grew 6,7 %, its larger growth in the year and in November, the increase was 5,5 %, due to the strong increase of the internal demand, especially, trade, services and mining industry.
At that time, the protagonist continues being the tertiary sector, with the financial sector leading an a participation of 20,6 % in GDP, and followed by the mining industry (12,8 %), manufacture (11,5 %) and trade (10,7 %).
Exports of services reached a rise of 1,2 % and the imports 5,5 % less than in the same period of 2011. Therefore, the scale of services registered a negative balance, a deficit 42,8 % less to that of the same period of the previous year. Inside the exports of services the transport stands out, with 52,8 % and fundamentally maritime. Imports of transport’s sector have similar result, with 52,1 % of the total. Imports of intermediate goods continue being the most relevant. For products, stand out diesel oil, oil, cars and liquefied natural gas over all.
Experts in Chilean economy and its relationship with Spain met last May in CEIM's headquarters (Madrid Business Conference) to report to the companies interested in business with Chile, installing their companies there or importing products, emphasizing that the specially interesting sectors to invert are the mining industry, the fruit sector, the energy and the engineering.The Spanish Government considers that relations are extraordinary between Spain and Chile, but, according to diplomatic sources exists an huge potential, principally in the economic and commercial area. Both countries have signed since 2006 a Plan of Strategic Association to reinforce their relation and to intensify the possibilities of combiner joint action in Latin America and in the rest of the world. Last January, one signed an update of the same one to increase the collaboration in diverse areas, as the technologies, the SMEs, the tourism and the education. This alliance comprises Chile, Peru, Mexico and Colombia, and Spain is an observant country in it.
The market is the world. Globalider is specialist in internationalization of companies.
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Mabel Santander
International Consultant
Globalider
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