Chile
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1995-1996 , pp 161-169
- Publication Date: December 1996
- DOI: https://doi.org/10.18356/ffdff59d-en
- Language: English
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.
© United Nations
ISBN (PDF):
9789210582995
Book DOI:
https://doi.org/10.18356/b63a7896-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Chile
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