Saving rate of Chile’s economy increased in 2020

The saving rate of Chile’s economy reached 21.2% of the GDP in 2020. This is 1.9 percentage points (pp.) higher than in the previous year, due to the increase in national income of 1.1% and the fall in consumption of 1.7% per year. According to a report published by the Central Bank, the gross investment rate stood at 19.8% of GDP (3.2pp. lower than in 2019). Meanwhile capital transfers received from abroad showed a decrease of 0.3pp, depicting (with savings) that the economy exhibited a financing capacity of 1.4% of GDP.

Source: Diario Estrategia