Chile Medical (ISIC3: C9B2_HEA) Forecast Report

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Chile Medical (ISIC3: C9B2_HEA) Forecast Report

This document contains actual and forecasted data for Chile Medical (ISIC3: C9B2_HEA) from 2009 to 2017. This industry comprises establishments primarily engaged in short- or long-term hospital activities.This class includes the activities of general and specialized hospitals, sanatoria, asylums, rehabilitation centres, leprosaria, dental centres and other health institutions which have accommodation facilities, including military base and prison hospitals. The activities are chiefly directed to in-patients and carried out under the direct supervision of medical doctors.

Number of pages: 7
Release Date: December 2015

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Table of Contents

  • Chile Medical (ISIC3: C9B2_HEA) - Production (Gross Output)
  • Chile Medical (ISIC3: C9B2_HEA) - Final Demand: Government Consumption
  • Chile Medical (ISIC3: C9B2_HEA) - Intermediate Demand
  • Chile Medical (ISIC3: C9B2_HEA) - Real Production (Gross Output)
  • Chile Medical (ISIC3: C9B2_HEA) - Real Production Growth Year to Year
  • Chile Medical (ISIC3: C9B2_HEA) - Employment (Thousands)
  • Chile Medical (ISIC3: C9B2_HEA) - Employment Growth (%)
  • Chile Medical (ISIC3: C9B2_HEA) - Output per Employee (1995$/worker)
  • Chile Medical (ISIC3: C9B2_HEA) - Output Growth per Employee (%)
  • Chile Medical (ISIC3: C9B2_HEA) - Index Productivity (1995=1.0)
  • Chile Medical (ISIC3: C9B2_HEA) - Ratio Index Productivity to World Index
  • Chile Medical (ISIC3: C9B2_HEA) - Market Demand (Apparent Consumption)
  • Chile Medical (ISIC3: C9B2_HEA) - Output per $ Workers Wage
  • Chile Medical (ISIC3: C9B2_HEA) - Output per $ Workers Wage Advanced
  • Chile Medical (ISIC3: C9B2_HEA) - Output per $ Workers Wage Emerging
  • Chile Medical (ISIC3: C9B2_HEA) - Output per $ Workers Wage Developing
  • Chile Medical (ISIC3: C9B2_HEA) - Real Market Demand (Apparent Consumption)
  • Chile Medical (ISIC3: C9B2_HEA) - Real Market Demand Growth Year to Year
  • Chile Medical (ISIC3: C9B2_HEA) - Final Demand: Personal Consumption
  • Chile Medical (ISIC3: C9B2_HEA) - Final Demand: Business Fixed Investments

About Chile

MAIN FEATURES. The successful implementation of neoliberal policies, Chile still has to tackle significant structural problems primarily its dependence [including at public budget level] on the copper production. Chile has pursued sound economic, market-oriented policies for nearly three decades, starting from the times of the military regime of Augusto Pinochet [1973-1990]. The government's role in the economy is moderate, with the notable exception of copper giant CODELCO and a few other enterprises -- including one state-owned bank--Banco Estado. Chile joined the OECD in 2010 and is the first South American member of the organisation.

The economy of Chile is one of South America's most stable and prosperous nations, leading Latin American nations in competitiveness, income per capita, globalization, economic freedom, and low perception of corruption. However, even if it ranks average in terms of inequality at regional level, it still has a high economic inequality as measured by the Gini index.

The country ranks 54th of 187 countries under the IMF calculation of GDP at purchase power parity prices per capita – 55% above the world average but at less than half of the level reached in developed countries. As regards its total GDP at PPP, Chile comes however well below Brazil, Argentina and Venezuela in the region due to its relatively small size – only 17.6mn, compared to 42.7mn in Argentina or 200mn in Brazil.

COMPETITIVENESS. Chile ranks an honourable 34 seat of 148, in the 2013-2014 Global Competitiveness Index of the World Economic Forum, ahead of any peer in the region. Brazil ranks 56th and Argentina 104th. The most problematic factor [major] in doing business is the restrictive labour regulations. Important obstacles are the lack of educated workforce and inefficient government bureaucracy. Thanks to market-oriented reforms conducted over decades, the country enjoys robust macroeconomic environment while the financial markets are highly developed. Business sophistication, infrastructure and labour efficiency are however problematic.

POLITICS. Chile is currently South America’s most stable and prosperous nations. It has avoided frequent violent changes in regime that marked the continent, with a notable exception however. The exception was the 17-year rule of General Augusto Pinochet, whose 1973 coup was one of the bloodiest in 20th-century Latin America and whose dictatorship left more than 3,000 people dead and missing. In the last stage [1980s], the military dictatorship however was accompanied by economic reforms. The reforms were continued and strengthened after 1990 by the post-Pinochet centre government of Patricio Aylwin’s Christian Democrats.

DYNAMICS, OUTLOOK. The country had Latin America's fastest-growing economy in the 1990s, by around 5% p.a. since late 1980s and has weathered regional economic instability after 2009. But it faces the challenges of having to diversify its copper-dependent economy - it is the largest world producer - and of addressing uneven wealth distribution.

Under the influence of the Chicago school of economics, the Pinochet regime made of Chile a leading country in establishing neoliberal policies. Despite a broad privatisation and contrary to neoliberal theory, the regime retained the lucrative state owned mining company CODELCO which stands for about 30% of government income.

According to the CIA World Factbook, during the early 1990s, Chile's "reputation as a role model for economic reform" was strengthened when the democratic government of Patricio Aylwin, who took over from the military in 1990, deepened the economic reform initiated by the military government.

The country hosts now a new wave of reforms in a multitude of areas, driven by President Michelle Bachelet [socialist] who took over the seat in March 2014. She previously served as President from 2006–2010.