Chile Wealth, Inequality, and International rankings

[at46]

So they've pushed back their forecasts by one year - Chile now is expected to break through $30K per person in 2023 instead of 2022. And - quelle surprise - not a word linking the worsening forecast to immigration.

[admin]

as long as immigration is slow to steady, and organized, then chile has lots of wiggle room to absorb more people.

what was the pop projection of 21 million in 2050? in a country larger than california?

it is large, disorganized migration shocks that will set everyone back. basicaly what bachelet was doing.

[admin]

well pinera wants to shoot for a level of australia. guess that is like $ 50,000 u.s. pp by 2030.

think chile would need to expand it's manufacturing and service sectors in a big way. the neighbors would also need to get their act together both to control mogration but also expand markets for chilean companies.

[HybridAmbassador]

well pinera wants to shoot for a level of australia. guess that is like $ 50,000 u.s. pp by 2030.

think chile would need to expand it's manufacturing and service sectors in a big way. the neighbors would also need to get their act together both to control mogration but also expand markets for chilean companies.

Agree, just galanced at world GDP figure and Chile is falling even behind Peru! Why is that? A few years ago, Chile was toe to toe with Peru but this year is lagging badly!?

[at46]

well pinera wants to shoot for a level of australia. guess that is like $ 50,000 u.s. pp by 2030.

think chile would need to expand it's manufacturing and service sectors in a big way. the neighbors would also need to get their act together both to control mogration but also expand markets for chilean companies.

Agree, just galanced at world GDP figure and Chile is falling even behind Peru! Why is that? A few years ago, Chile was toe to toe with Peru but this year is lagging badly!?

Four years of Commissar Gordita... Could have been worse...

[41southchile]

well pinera wants to shoot for a level of australia. guess that is like $ 50,000 u.s. pp by 2030.

think chile would need to expand it's manufacturing and service sectors in a big way. the neighbors would also need to get their act together both to control mogration but also expand markets for chilean companies.

Agree, just galanced at world GDP figure and Chile is falling even behind Peru! Why is that? A few years ago, Chile was toe to toe with Peru but this year is lagging badly!?

Four years of Commissar Gordita... Could have been worse...

Yeah considering how much she put the country back with her employment/Labor relations and tax "reforms" (read ill concived and implemented screw ups) it could have got a lot worse.
Maybe Chile should fill the ports with Venezuelans or other immigrants then they couldn't hold the countries export sector to ransom every other year

[admin]

well, for what it is worth chile made the top 25 happiest countries for 2018.

https://www.zerohedge.com/news/2018-12- ... -miserable

not even sure what that means.

[admin]

well pinera wants to shoot for a level of australia. guess that is like $ 50,000 u.s. pp by 2030.

think chile would need to expand it's manufacturing and service sectors in a big way. the neighbors would also need to get their act together both to control mogration but also expand markets for chilean companies.

Agree, just galanced at world GDP figure and Chile is falling even behind Peru! Why is that? A few years ago, Chile was toe to toe with Peru but this year is lagging badly!?

peru has made a lot of progress, but is still has a long long way to go to get anywhere near chile.

top issues in peru are income inequality, but the real deal. all that money is realy concentrated at the top, and around lima. the racism in peru against the indigenous population is super obvious. they are not even in the game. political instability could set peru back a decade at any moment. their progress is super fragile at this point, and is mostly centered around the expansion of the mining industry. green shoots of progress and stability are their however.

i still have the sense, colombia will make more progress than peru over the next decade.

[HybridAmbassador]

well pinera wants to shoot for a level of australia. guess that is like $ 50,000 u.s. pp by 2030.

Agree, just galanced at world GDP figure and Chile is falling even behind Peru! Why is that? A few years ago, Chile was toe to toe with Peru but this year is lagging badly!?

i still have the sense, colombia will make more progress than peru over the next decade.

Indeed, Colombia is ahead of both Chile~Peru in 2018 GDP by $hundred billions plus. I'm wondering, why is that? They don't have that much mineral deposit vs Chile or Peru, I reckon...

[admin]

so how rich is chile?

https://www.latercera.com/pulso/noticia ... 18/475680/

300 billion dollars gdp in 2018, with growth of 4%

for a 2018 per capita income rate of $25,650 u.s.

it seems sufficient to buy nearly 500,000 new cars in 2018, a 15% increase over 2017. interesting the demand seems to be realy strong outside of santiago. los rios had a 48% increase in new car purchases? what the hell are they doing in los rios?

https://www.df.cl/noticias/empresas/ind ... 23201.html

yes, comsumer debt hit an all time high, but at the end of the day i dont realy think it matters for trying to figure wealth trends if a chilean bank owns the title or a person, that car is in chile doing something. suv's and trucks where the biggest sellers. i think that works out to something like 5 to 6 billion dollars in cars, depending on how you slice the exchane rate.

all while holding inflation for the year at about 3%, with 0% inflation the last couple months it looks like due to the drop in gas prices mostly.

[HybridAmbassador]

Whilst in Peru, seen that the Chilean corporation owns everything in that country from super-market chains to department stores, also went to see inventories of "ferreterias" there and the store was also Chileans!

[admin]

yea i from what seen in lima, the miracle economy, was mostly evidenced by cranes over chilean owned companies. very few doing anything else.