Chile
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1988 , pp 285-317
- Publication Date: December 1988
- DOI: https://doi.org/10.18356/8a7d94ca-en
- Language: English
The Chilean economy evolved very satisfactorily during 1988, favoured by a substantial improvement in the terms of trade and by the advances achieved during the preceding years in restoring the basic macroeconomic equilibria. The gross domestic product grew by more than 7%, the unemployment rate went down for the sixth year in a row, inflation was reduced to less than 13%, and real wages increased by nearly 7%. At the same time, exports grew by more than 30%, the deficit on the current account was reduced to less than a third of the previous level, international reserves equivalent to two months of imports were accumulated, and the external debt diminished.
© United Nations
ISBN (PDF):
9789210583022
Book DOI:
https://doi.org/10.18356/9862a877-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Chile
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