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Economic Survey of Latin America and the Caribbean 1995-1996

image of Economic Survey of Latin America and the Caribbean 1995-1996

This publication gives insight into the economic trends, the international economy and the role of exchange rate policy in the region. It also explores the economic developments by country. Included also is a statistical annex on diskette.

English

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Chile

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.

English

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