Chile vs Norway: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Chile ranked 42nd with $298.2B. By GDP 5-years average growth and GDP per capita, Norway and Chile ranked 142nd vs 123rd and 5th vs 59th, respectively.

Gross Domestic Product & Income

StatChileNorway
GDP$298.2B$434.2B
GDP growth, 1 year4%1.4%
GDP growth, 5-years average2.2%1.7%
Population18.1M5.4M
GDP per capita$16k$82k
GDP per capita growth2.59%0.58%
Purchasing Power Parity conversion factor404.8510.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.631.25
GDP per capita, PPP adjusted$26k$74k
GNI, Atlas method$274.8B$428.4B
GNI per capita$15k$81k
GNI, PPP adjusted$453B$363B
GNI per capita, PPP adjusted$24k$68k

Financial system and Human development

StatChileNorway
Income Tax Rate35%47.8%
Corporate Tax Rate27%22%
Inflation, consumer prices2.3%2.8%
Inflation, GDP deflator2%5.8%
Unemployment7.2%3.9%
Economic Freedom Index76.873.4
Personal Freedom Index8.49.55
Human Freedom Index8.118.61
Property Rights Index69.984.3
Judical Effectiveness Index61.182.8
Business Freedom Index7586.1
Fiscal Health Index90.597.3
Labor Freedom Index64.757.4
Investment Freedom Index8575
Financial Freedom Index7060
Trade Freedom Index8983.8
Monetary Freedom Index85.274.8
Government Spending Index80.825.6
Tax Burden Index76.457.7
Government Integrity Index73.495.6
Corruption Perceptions Index6784
Life expectancy at birth, years79.982.5
Suicide mortality rate, per 100,000 people10.612.2
Mortality caused by road traffic injury, per 100,000 people12.52.7
Intentional homicides, per 100,000 people4.30.5
International tourism, number of arrivals5.7M5.7M

Government debt & reserves

StatChileNorway
Central government debt, % of GDP25.6%36.8%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI3.6%16.9%
Gross savings, % of GDP19.5%35.9%
Gross capital formation, % of GDP22.7%27.3%
Total reserves including gold$39.9B$63.1B
Foreign direct investment net inflows$6.1B-$17.4B

Exports, imports and economic structure

StatChileNorway
Exports of goods and services, % of GDP28.8%38.4%
Imports of goods and services, % of GDP28.7%32.6%
Current account balance (balance of payments)-$9.2B$31.4B
Revenue excluding grants, % of GDP22%47.4%
Grants excluding technical cooperation, BoP$25.2MN/A
Personal remittances received$66.1M$644.3M
Industry including construction value added, % of GDP30%32%
Agriculture, forestry and fishing value added, % of GDP3.6%1.9%
Charges for the use of intellectual property, payments BoP$1.8B$768.9M
Charges for the use of intellectual property, receipts BoP$46.2M$515.2M
Expense, % of GDP22.4%37.7%
Government Expenditure, % of GDP25.3%49.8%

Compare with countries close by GDP per capita

Chile vs

CountryGDP
per capita
Population
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k

Norway vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k