1945

The Chilean economy’s robust expansion (8.2%) in 1995 rounded out 12 consecutive years of growth at an average annual rate of 6.4%, making it the longest growth spell of the post-war period. Inflation continued to subside, falling to a 35-year low (8,2%). The economy’s performance was buoyed by the positive showing turned in by the external sector, where the terms of trade improved by over 5 points of GDP. Total demand was up by 12% and national income by almost 15%. Chile’s trade surplus climbed to US$ 1.4 billion, while the US$ 640 million deficit registered on the 1994 balance-of-payments current account gave way to a surplus of US$ 160 million and international reserves rose by approximately US$ 1.1 billion.

Related Subject(s): Economic and Social Development
Countries: Chile
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