Macro-economic Data

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    A. Demography and Macroeconomy

    A.1 Population
    VariableEnd of 2017End of 2016End of 2015SourcesVar ID
    Total population18.05 million17.91 million17.76 million
    WDI
    		A.1.1
    Urban population (% of total)89.86% of total89.7% of total89.53% of total
    WDI
    		A.1.4
    Urban population growth (annual %).98%1.01%1.04%
    WDI
    		A.1.5
    A.2 Economy
    VariableEnd of 2017End of 2016End of 2015SourcesVar ID
    GDP, current prices (U.S. dollars)277,042 USD (millions)250,008 USD (millions)240,222 USD (millions)
    WEO
    		A.2.1
    GDP based on PPP valuation of country GDP (Current international dollar)451,070 USD (millions)436,698 USD (millions)422,422 USD (millions)
    WEO
    		A.2.2
    GDP per capita, current prices (U.S. dollars)15,070.41 USD 13,742.82 USD 13,340.91 USD
    WEO
    		A.2.3
    GDP based on PPP per capita GDP (Current international dollar)24,537.11 USD 24,005.12 USD 23,459.56 USD
    WEO
    		A.2.4
    GDP, constant prices (Percent change)1.47%1.27%2.07%
    WEO
    		A.2.5
    Inflation, end of period consumer prices (Percent change)2.3%2.76%4.41%
    WEO
    		A.2.6
    GDP, deflator (Index)121.86116.41111.18
    WEO
    		A.2.7
    Consumer price index125.35122.67118.04
    WDI
    		A.2.8
    GINI IndexNot availableNot available47.70
    WDI
    		A.2.9
    Median national annual household income  8,098 USD
    Gallup Polling
    		A.2.10
    Urban minimum wages per month in USD416.13 USD 380.38 USD 343.97 USD
    Biblioteca del Congreso Nacional de Chile
    		A.2.12
    Growth in urban household income (%/year)A.2.13
    Employment (% of total laborforce)A.2.14
    Unemployed6.67%6.49%5.8%A.2.14.3
    Interest Rates:A.2.15
    Central bank lending/discount rate2.5%3.5%3.35%
    IFS
    		A.2.15.1
    Yield on 10-year Government bond4.54%4.35%4.55%
    FRED
    		A.2.15.3
    Average bank deposit rate2.94%3.82%3.61%
    IFS
    		A.2.15.4
    Lending rate4.55%5.59%5.51%
    IFS
    		A.2.15.5
    B. Housing Market
    B.1 Housing Stock: Production, Transactions
    VariableEnd of 2017End of 2016End of 2015SourcesVar ID
    Number of dwelling units:B.1.1
    Total6.5 million 5.64 millionB.1.1.1
    Total Urban5.52 million 4.92 millionB.1.1.2
    Percentage of vacant units10.7% of total  B.1.2
    Characteristics of housing stock:B.1.3
    % of substandard dwelling units  23% of totalB.1.3.2
    Tenure in urban areas (%):B.1.4
    Owner-occupied units  83% of totalB.1.4.1
    Private rental units  17% of total
    OECD, pg=PA108, lpg=PA108, dq=OECD+chile+owner-occupied+units, source=bl, ots=5Lh_qtAKqF, sig=T9dAzE4ZvcAarIswQunt--xUX_k, hl=en, sa=X, ved=0ahUKEwih5K7rtOjSAhXISCYKHQ1CA0UQ6AEIJjAC#v=onepage, q=OECD%20chile%20owner-occupied
    		B.1.4.3
    Estimated Number of units completed/yearB.1.5
    Formal sector/registered131,119 units122,967 units179,402 unitsB.1.5.1
    B.2 Housing Prices and Cost for Urban Areas or Capital City
    VariableEnd of 2017End of 2016End of 2015SourcesVar ID
    Median urban house price in USD:B.2.1
    Median house price to median annual HH income:B.2.2
    Urban  3.40B.2.2.1
    Capital city  3.90B.2.2.2
    Annual average % change in median house prices:B.2.3
    Yearly Rate4.22%3.87%9.53%
    Banco Central de Chile
    		B.2.3.1
    M2 construction cost for median quality houseB.2.4

    back to top | Country Data:
    Notes: 72% of families with access to credit also received a subsidy.
    Notes: Calculated as reciprocal of private rental units, as there is a very low percentage of other types of tenure in Chile.
    Notes: Created by government decree in 1953, Banco Estado is one of the country's leading mortgage lenders. It is the country's only public bank.
    Notes: Created by government decree in 1953, Banco Estado is one of the country's leading mortgage lenders. It is the country's only public bank.
    Notes: Created by government decree in 1953, Banco Estado is one of the country's leading mortgage lenders. It is the country's only public bank.  
    Notes: Endorsable mortgage loans are the second largest chunk of mortgage credit--loans that are "endorsed" by other financial institutions like pension funds and life insurance companies.
    Notes: Endorsable mortgage loans are the second largest chunk of mortgage credit--loans that are "endorsed" by other financial institutions like pension funds and life insurance companies.
    Notes: Endorsable mortgage loans are the second largest chunk of mortgage credit--loans that are "endorsed" by other financial institutions like pension funds and life insurance companies.
    Notes: Endorsable mortgage loans are the second largest chunk of mortgage credit--loans that are "endorsed" by other financial institutions like pension funds and life insurance companies.
    Notes: Endorsable mortgage loans are the second largest chunk of mortgage credit--loans that are "endorsed" by other financial institutions like pension funds and life insurance companies.
    Notes: Endorsable mortgage loans are the second largest chunk of mortgage credit--loans that are "endorsed" by other financial institutions like pension funds and life insurance companies.
    Notes: Endorsable mortgage loans are the second largest chunk of mortgage credit--loans that are "endorsed" by other financial institutions like pension funds and life insurance companies. 
    Notes: Endorsable mortgage loans are the second largest chunk of mortgage credit--loans that are "endorsed" by other financial institutions like pension funds and life insurance companies.  
    Notes: Housing subsidies in Chile have typically been geared at people living in the most marginal conditions up to medium-income individuals.
    Notes: Housing subsidies in Chile have typically been geared at people living in the most marginal conditions up to medium-income individuals.
    Notes: Housing subsidies in Chile have typically been geared at people living in the most marginal conditions up to medium-income individuals.
    Notes: Housing subsidies in Chile have typically been geared at people living in the most marginal conditions up to medium-income individuals.
    Notes: Housing subsidies in Chile have typically been geared at people living in the most marginal conditions up to medium-income individuals.
    Notes: Housing subsidies in Chile have typically been geared at people living in the most marginal conditions up to medium-income individuals.
    Notes: Housing subsidies in Chile have typically been geared at people living in the most marginal conditions up to medium-income individuals.  
    Notes: Housing subsidies in Chile have typically been geared at people living in the most marginal conditions up to medium-income individuals.   
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by Kind of Debtor - Housing
    Notes: Loans by kind of debtor, balances - Mortgage
    Notes: Loans by kind of debtor, balances - Mortgage 
    Notes: Of the 13 institutions with large enough mortgage portfolios to constitute coverage by the SBIF, all 13 are commercial banks. There is a very small amount of lending done by insurance companies and pension funds but that amount is not covered by the SBIF.  
    Notes: Of the 13 institutions with large enough mortgage portfolios to constitute coverage by the SBIF, all 13 are commercial banks. There is a very small amount of lending done by insurance companies and pension funds but that amount is not covered by the SBIF.   
    Notes: Of the 15 institutions with large enough mortgage portfolios to constitute coverage by the SBIF, all 15 are commercial banks. There is a very small amount of lending done by insurance companies and pension funds but that amount is not covered by the SBIF.
    Notes: Of the 15 institutions with large enough mortgage portfolios to constitute coverage by the SBIF, all 15 are commercial banks. There is a very small amount of lending done by insurance companies and pension funds but that amount is not covered by the SBIF.
    Notes: Of the 15 institutions with large enough mortgage portfolios to constitute coverage by the SBIF, all 15 are commercial banks. There is a very small amount of lending done by insurance companies and pension funds but that amount is not covered by the SBIF.
    Notes: Of the 15 institutions with large enough mortgage portfolios to constitute coverage by the SBIF, all 15 are commercial banks. There is a very small amount of lending done by insurance companies and pension funds but that amount is not covered by the SBIF.
    Notes: Of the 15 institutions with large enough mortgage portfolios to constitute coverage by the SBIF, all 15 are commercial banks. There is a very small amount of lending done by insurance companies and pension funds but that amount is not covered by the SBIF.
    Notes: Of the 16 institutions with large enough mortgage portfolios to constitute coverage by the SBIF, all 16 are commercial banks. There is a very small amount of lending done by insurance companies and pension funds but that amount is not covered by the SBIF.
    Notes: Of the 16 institutions with large enough mortgage portfolios to constitute coverage by the SBIF, all 16 are commercial banks. There is a very small amount of lending done by insurance companies and pension funds but that amount is not covered by the SBIF.
    Notes: Of the 17 institutions with large enough mortgage portfolios to constitute coverage by the SBIF, all 17 are commercial banks. There is a very small amount of lending done by insurance companies and pension funds but that amount is not covered by the SBIF.
    Notes: The decision-power over existing bank prudential tools is divided between the SBIF and the Banco Central de Chile.
    Notes: The decision-power over existing bank prudential tools is divided between the SBIF and the Banco Central de Chile.
    Notes: The decision-power over existing bank prudential tools is divided between the SBIF and the Banco Central de Chile.
    Notes: The decision-power over existing bank prudential tools is divided between the SBIF and the Banco Central de Chile.
    Notes: The decision-power over existing bank prudential tools is divided between the SBIF and the Banco Central de Chile.
    Notes: The decision-power over existing bank prudential tools is divided between the SBIF and the Banco Central de Chile.
    Notes: The decision-power over existing bank prudential tools is divided between the SBIF and the Banco Central de Chile.
    Notes: The decision-power over existing bank prudential tools is divided between the SBIF and the Banco Central de Chile.
    Notes: The decision-power over existing bank prudential tools is divided between the SBIF and the Banco Central de Chile.
    Notes: The decision-power over existing bank prudential tools is divided between the SBIF and the Banco Central de Chile.
    Notes: The decision-power over existing bank prudential tools is divided between the SBIF and the Banco Central de Chile.
    Notes: The decision-power over existing bank prudential tools is divided between the SBIF and the Banco Central de Chile.
    Notes: The decision-power over existing bank prudential tools is divided between the SBIF and the Banco Central de Chile.
    Notes: The decision-power over existing bank prudential tools is divided between the SBIF and the Banco Central de Chile.
    Notes: The decision-power over existing bank prudential tools is divided between the SBIF and the Banco Central de Chile.
    Notes: The decision-power over existing bank prudential tools is divided between the SBIF and the Banco Central de Chile.  
    Notes: The housing subsidy provided by the Ministry of Housing and Urbanism offers up to UF 1,800 to help with the down-payment on a mortgage.
    Notes: The housing subsidy provided by the Ministry of Housing and Urbanism offers up to UF 1,800 to help with the down-payment on a mortgage.
    Notes: The housing subsidy provided by the Ministry of Housing and Urbanism offers up to UF 1,800 to help with the down-payment on a mortgage.
    Notes: The housing subsidy provided by the Ministry of Housing and Urbanism offers up to UF 1,800 to help with the down-payment on a mortgage.
    Notes: The housing subsidy provided by the Ministry of Housing and Urbanism offers up to UF 1,800 to help with the down-payment on a mortgage.
    Notes: The housing subsidy provided by the Ministry of Housing and Urbanism offers up to UF 1,800 to help with the down-payment on a mortgage.
    Notes: The housing subsidy provided by the Ministry of Housing and Urbanism offers up to UF 1,800 to help with the down-payment on a mortgage. 
    Notes: The housing subsidy provided by the Ministry of Housing and Urbanism offers up to UF 1,800 to help with the down-payment on a mortgage.  
    Notes: The largest portion of mortgage loans by far is "non-endorsable" mortgages, which are just mortgage loans issued and held by the originating commercial bank lender.
    Notes: The largest portion of mortgage loans by far is "non-endorsable" mortgages, which are just mortgage loans issued and held by the originating commercial bank lender.
    Notes: The largest portion of mortgage loans by far is "non-endorsable" mortgages, which are just mortgage loans issued and held by the originating commercial bank lender.
    Notes: The largest portion of mortgage loans by far is "non-endorsable" mortgages, which are just mortgage loans issued and held by the originating commercial bank lender.
    Notes: The largest portion of mortgage loans by far is "non-endorsable" mortgages, which are just mortgage loans issued and held by the originating commercial bank lender.
    Notes: The largest portion of mortgage loans by far is "non-endorsable" mortgages, which are just mortgage loans issued and held by the originating commercial bank lender.
    Notes: The largest portion of mortgage loans by far is "non-endorsable" mortgages, which are just mortgage loans issued and held by the originating commercial bank lender. 
    Notes: The largest portion of mortgage loans by far is "non-endorsable" mortgages, which are just mortgage loans issued and held by the originating commercial bank lender.  
    Notes: The SBIF lists only 13 lending institutions with large enough mortgage credit outstanding in their database. 
    Notes: The SBIF lists only 13 lending institutions with large enough mortgage credit outstanding in their database.  
    Notes: The SBIF lists only 15 lending institutions with large enough mortgage credit outstanding in their database.
    Notes: The SBIF lists only 15 lending institutions with large enough mortgage credit outstanding in their database.
    Notes: The SBIF lists only 15 lending institutions with large enough mortgage credit outstanding in their database.
    Notes: The SBIF lists only 15 lending institutions with large enough mortgage credit outstanding in their database.
    Notes: The SBIF lists only 15 lending institutions with large enough mortgage credit outstanding in their database.
    Notes: The SBIF lists only 16 lending institutions with large enough mortgage credit outstanding in their database.
    Notes: The SBIF lists only 16 lending institutions with large enough mortgage credit outstanding in their database.
    Notes: The SBIF lists only 17 lending institutions with large enough mortgage credit outstanding in their database.
    Notes: The smallest portion of mortgage funding is from mortgage bonds--these are referred to as "letters of credit" by the SBIF. They are financial instruments sold to other entities for rights to the cash flows from the mortgage, where the issuer acts as the intermediary of the funds.
    Notes: The smallest portion of mortgage funding is from mortgage bonds--these are referred to as "letters of credit" by the SBIF. They are financial instruments sold to other entities for rights to the cash flows from the mortgage, where the issuer acts as the intermediary of the funds.
    Notes: The smallest portion of mortgage funding is from mortgage bonds--these are referred to as "letters of credit" by the SBIF. They are financial instruments sold to other entities for rights to the cash flows from the mortgage, where the issuer acts as the intermediary of the funds.
    Notes: The smallest portion of mortgage funding is from mortgage bonds--these are referred to as "letters of credit" by the SBIF. They are financial instruments sold to other entities for rights to the cash flows from the mortgage, where the issuer acts as the intermediary of the funds.
    Notes: The smallest portion of mortgage funding is from mortgage bonds--these are referred to as "letters of credit" by the SBIF. They are financial instruments sold to other entities for rights to the cash flows from the mortgage, where the issuer acts as the intermediary of the funds.
    Notes: The smallest portion of mortgage funding is from mortgage bonds--these are referred to as "letters of credit" by the SBIF. They are financial instruments sold to other entities for rights to the cash flows from the mortgage, where the issuer acts as the intermediary of the funds.
    Notes: The smallest portion of mortgage funding is from mortgage bonds--these are referred to as "letters of credit" by the SBIF. They are financial instruments sold to other entities for rights to the cash flows from the mortgage, where the issuer acts as the intermediary of the funds.  
    Notes: The smallest portion of mortgage funding is from mortgage bonds--these are referred to as "letters of credit" by the SBIF. They are financial instruments sold to other entities for rights to the cash flows from the mortgage, where the issuer acts as the intermediary of the funds.   
    Notes: The state's public mortgage lender requires mortgage default insurance be paid for along with their normal monthly mortgage payments.
    Notes: The state's public mortgage lender requires mortgage default insurance be paid for along with their normal monthly mortgage payments.
    Notes: The state's public mortgage lender requires mortgage default insurance be paid for along with their normal monthly mortgage payments.
    Notes: The state's public mortgage lender requires mortgage default insurance be paid for along with their normal monthly mortgage payments.
    Notes: The state's public mortgage lender requires mortgage default insurance be paid for along with their normal monthly mortgage payments.
    Notes: The state's public mortgage lender requires mortgage default insurance be paid for along with their normal monthly mortgage payments.
    Notes: The state's public mortgage lender requires mortgage default insurance be paid for along with their normal monthly mortgage payments. 
    Notes: The state's public mortgage lender requires mortgage default insurance be paid for along with their normal monthly mortgage payments.  
    Notes: Upfront vouchers