Chile - Income





The US Central Intelligence Agency (CIA) reports that in 2001 Chile's gross domestic product (GDP) was estimated at $153 billion. The per capita GDP was estimated at $10,000. The annual growth rate of GDP was estimated at 3.1%. The average inflation rate in 2001 was 3.5%. The CIA defines GDP as the value of all final goods and services produced within a nation in a given year and computed on the basis of purchasing power parity (PPP) rather than value as measured on the basis of the rate of exchange. It was estimated that agriculture accounted for 8% of GDP, industry 38%, and services 54%. Foreign aid receipts amounted to about $4 per capita.

The World Bank reports that in 2001 per capita household consumption (in constant 1995 US dollars) was $3,402. Household consumption includes expenditures of individuals, households, and nongovernmental organizations on goods and services, excluding purchases of dwellings. It was estimated that for the same period private consumption grew at an annual rate of 2%. Approximately 17% of household consumption was spent on food, 24% on fuel, 20% on health care, and 15% on education. The richest 10% of the population accounted for approximately 45.6% of household consumption and the poorest 10% approximately 1.3%. It was estimated that in 1998 about 22% of the population had incomes below the poverty line.

User Contributions:

Hannah
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Mar 11, 2009 @ 3:03 am
I really liked this article and it told me alot about the chile-income. This helped me very much with my project!
thank you
xx
Diana
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Feb 9, 2011 @ 2:14 pm
Would anyone be able to help me with this question:

What is the total monthy gross amount for a person who wants to net $10K (USD) in Chile?
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Mar 27, 2011 @ 11:11 am
I'm doing a project. I need to know the average income yearly for chile. Does anyone know?

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