Chile - Real Fixed Investment (gross fixed capital formation)

The Central Bank of Chile reports quarterly national accounts, including the expenditure and production approaches (a.k.a., use of GDP and GVA), at current prices and chained prices.

Quarterly national accounts

Active:

• National accounts framework: UN SNA 1993 or later
• Industry classification: CIIU Rev. 4, the localization of UN ISIC Rev. 4
• Measurements:
  • Billions of Chilean pesos at chained year-2018 prices (Bil. Ch. 2018 CLP)
  • At current prices (Bil. CLP)
  • Percent (%)
• Adjustments:
  • Seasonally adjusted (SA)
  • Not seasonally adjusted (NSA)
• Native frequency: Quarterly
• Start date: Uniformly 2013Q1

Predecessors:

• 2013 prices - 1996 to 2021 ("_13")
• 2008 prices, CIIU Rev. 3 - 2008 to 2016 ("_08")
• 2003 prices - 2003 to 2011 ("03")
• 1996 prices - 1996 to 2006 ("_96")
• 1986 prices - 1986 to 2001 ("_86")

Annual regional accounts

Active:

• Industry classification: CIIU Rev. 4, the Chilean localization of UN ISIC Rev. 4
• Measurements:
  • Billions of Chilean pesos at chained year-2018 prices (Bil. Ch. 2018 CLP)
  • At current prices (Bil. CLP)
• Adjustment: Not applicable
• Native frequency: Annual 
• Start dates:
  • 1996 or 2013 for country
  • 2013 for regions
• Geo coverage:
  • Country
  • 16 regions

Predecessors:

• 2013 prices, CIIU Rev. 3, country - {1996, 2007, 2008} to 2020 ("_13")
• 2013 prices, CIIU Rev. 3, 15 regions - 2008 to 2019 ("_13")
• 2008 prices, CIIU Rev. 3 - 2008 to 2014 ("_08")
• 2003 prices - 2003 to 2009 ("_03")
• 1996 prices - 1996 to 2003 ("96")
• 1986 prices - 1985 to 1997 ("86")

Aggregates of national accounts are extrapolated using the single indicator method. When annual account data is available, the quarterly series are aligned with the annual series using harmonization methods. Production components of each industry and the value of production is reported.

Value added is measured as the difference between the gross value of the regional production at producer prices and intermediate consumption at user prices.

The data are provided by the CBC and compiled through the quarterly GDP information provided by the Macroeconomic Statistics Area (MSA). The National Statistical Institute (NSI) is also a major producer of source data for Quarterly GDP (QGDP). NSI data are compiled using economic surveys on production by industries and prices.

The general framework used for compiling the QGDP is guided by the recommendations of the System of National Accounts 1993 (1993 SNA). All transactions are recorded at market prices prevailing at the time they occur in accordance with 1993 SNA recommendations.

Seasonally adjusted figures are calculated using the U.S. Census Bureau's X-12 ARIMA model.

Moody's Analytics supplements

Within GDP(E) and GDP(O), we calculate missing indicators, back-extend select series prior to 2013, and construct seasonally adjusted (SA) counterparts.

For household income, we back-extend (1996 to 2012) using the predecessor and UN data, and construct an SA counterpart.

At the end of each year, revisions are made for the previous two years.

The currency reference year is advanced periodically (1986, 1996, 2003, 2008, 2013, 2018).

Further reading

At the source:

• https://www.bcentral.cl/en/web/banco-central/areas/statistics/statistics-calendar#calendario-3
• Source methodology (pdf)
• Seasonal adjustment methodology (pdf)

At IMF (SDDS):

• National accounts