Santiago City Review
Cities
About This Report
May 2017Santiago has emerged as a strong centre of business activities and commerce since the early 21st century. Thanks to its advantageous economic assets - a solid presence of international companies and start-ups, a well-educated workforce and an innovation ecosystem - the city contributes half of Chilean GDP, as of 2016. Santiago, in fact, is one of the wealthiest cities in Latin America, with GDP per capita of USD16,800 in 2016.
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Santiago City Review
SANTIAGO HIGHLIGHTS
In 2016, Santiago's labour productivity (GVA per employee) was 46% above the level in the rest of Chile. The city's economic efficiency greatly stems from its educated workforce, as 32% of Santiago's population (aged 15+) has higher education, against 24% elsewhere in the country.
Greater disposable income per household
Disposable income per household in Santiago was 25% higher than in other parts of the country in 2016. The differential is boosted by the concentration of high value-added activities and, consequently, a 46% labour productivity advantage.
Higher spending on discretionary items
25% higher per household consumer expenditure (excluding housing and transport) in Santiago is reflective of higher household incomes in the city than in the rest of Chile. The city's residents allocate a smaller proportion of their spending to necessities, which leaves more funds for discretionary items, such as leisure and education.
Poor city affordability
Per household expenditure on housing and transport was 31% higher in Santiago than elsewhere in the country in 2016, signalling poor city affordability in light of a 25% income premium. Transport expenses are particularly high in the city (+52% per household over the rest of Chile in 2016) as Santiago struggles with traffic congestion.
SANTIAGO REVIEW AT A GLANCE
Understanding Santiago Review structure
Chart 1 OverviewKey facts on Santiago
Summary 1 Key Facts On Santiago 2011, 2016, 2021SANTIAGO HIGHLIGHTS
History
Delimitation of the metropolitan region
Chart 2 Map Of Santiago Metropolitan AreaMain business districts
ECONOMY OF THE CITY
Industrial make-up
Chart 3 Industrial Composition Of Santiago 2016Chart 4 Labour Productivity: Selected Cities 2016
Recent developments and outlook
Chart 5 Dynamics Of Real GDP In Santiago, Chile And Other Cities In Latin America, 2011-2021Summary 2 Labour Market Changes In Santiago 2011, 2016
CONSUMER PROFILE
City demographics
Chart 6 Population By Age 2016Chart 7 Drivers Of Population Growth In Santiago 2011-2016
Household income
Chart 8 Household Distribution By Income In Santiago 2016 And 2021CONSUMER EXPENDITURE
Structure of household budget
Chart 9 Comparison Of Household Expenditure In Santiago And Chile, 2016Summary 3 Santiago Household Budget Structure By Consumer Expenditure Item, % of total, 2011, 2016, 2021
City lifestyle
Inbound Tourism On The RiseSantiago Is Taking A "Smart" Route To Mitigate Traffic Congestion
City affordability
HousingChart 10 Household Expenditure On Housing: Selected Cities 2016
Transport
Chart 11 Household Expenditure On Transport: Selected Cities 2016
DEFINITIONS
APPENDIX
Summary 4 GDP Development, 2011, 2016, 2021Summary 5 GDP By Origin, Current Prices, US$, Million, 2011-2016
Summary 6 Population And Labour Force, 2011-2016
Summary 7 Employed Population By Economic Sector, % of total, 2011-2016
Summary 8 Population By Sex And Broad Age Groups, ‘000, 2011-2016
Summary 9 Population Growth, 2011-2016
Summary 10 Forecast Population Growth
Summary 11 Population By Educational Attainment, 2011-2016
Summary 12 Structure Of Consumer Expenditure By Main Category, 2011-2016
Summary 13 Consumer Expenditure By Main Category, Per Household, Constant (2016) Prices, US$, 2011, 2016, 2021
Summary 14 Households By Income Band, % Of Total, Constant (2016) Prices 2011, 2016, 2021
Summary 15 Households By Income Band, ‘000, Current Prices 2011-2016
Summary 16 Inflation, 2011-2016
Summary 17 Transport Indicators, 2011-2016
Summary 18 Air Pollution, Concentration In Micrograms Per Cubic Metre, 2011-2016
Summary 19 Possession of Consumer Durables, % of Households, 2011, 2016, 2021
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