Why Chile?Economic Information

Fiscal Balance

Source: Budget Office
Note: “p” is projected

Projections for 2010

Budget Law 2010
Budget Law 2010	2008	2009	2010
Assumptions	Effective	Effective	Forecast ⁽¹⁾
GDP (Var. % real)	3.7%	-1.5%	4.5%
Domestic Demand (Var. % real)	7.6%	-5.9%	12.0%
CPI (Var. % dec/dec)	7.1%	-1.4%	3.8%
Nominal exchange rate ($/US$)	522.5	559.6	530.0
⁽²⁾ LME copper price (US$cents/lb)	315.3	234.2	3.1
Molybdenum price (US$/lb)	28.7	11.1	15.5

Structural balance's parameter
Structural balance's parameter	2008	2009	2010
Trend GDP (Var. % real)	5.0%	4.9%	4.2%
⁽²⁾ LME long term copper price (US$cent/lb)	137	199	213
Structural balance (%GDP)	0.0%	-1.2%	-1.6%

⁽¹⁾ London Metal Exchange
⁽²⁾ As of June 2010

Net International Reserves and Sovereign Wealth Funds

Source: Central Bank and Ministry of Finance