Breaking News

South Africa vs Chile

By John MaynardMarket OverviewJul 11, 2018 15:28
South Africa vs Chile
By John Maynard   |  Jul 11, 2018 15:28
Saved. See Saved Items.
This article has already been saved in your Saved Items

In this article, we compare the economies of South Africa and Chile using various economic indicators such as exchange rate performance against the US Dollar, economic growth rates, and exports and imports structures.

Chile and South Africa are located on different continents, but they are both in the Southern Hemisphere, seen as emerging markets, exports and imports structures are very similar and the behaviour of their economies over timer are very similar. South Africa has the 33rd biggest economy in the world, and Chile the 42, according to 2017 IMF estimates.

Economic growth rates over time for South Africa and Chile

The line chart below shows the annual economic growth rates for both Chile and South Africa, and as the graphic shows while the annual growth rates are different, the trends followed by the respective countries economies are very similar. Since 1961, up to 2017 the two countries economic growth rates have averaged the following:

  • South Africa: 3.03%
  • Chile: 4.09%

Economic Growth Rates
Economic Growth Rates

So Chile has experienced a greater average annual economic growth rate over time than that of South Africa, even though their economic performance on an annual basis is far more volatile, their upswings are significantly higher than that of South Africa's economy but their downswings are far lower than that of South Africa. The graphic below takes a look at the exchange rate performance of the South African Rand and the Chilean Peso over the last 4 years.

Chile Vs South Africa
Chile Vs South Africa

As the graphic shows the exchange rate performance of the two countries currencies against the US dollar are very similar. The summary below shows the performance of the two countries exchange rates over various time periods such as 1 month, Year to Date (YTD) and over 4 year period:
A positive value shows a depreciation against the US dollar. So when looking at 1 month below, the Chilean Peso lost 3.3% against the US dollar while the South African Rand has lost 4.9% against the US dollar over the last month.

1 month:

  • Chilean Peso: 3.3%
  • South African Rand: 4.9%

Year to date (YTD):

  • Chilean Peso: 7.7%
  • South African Rand: 10.59%

12 months:

  • Chilean Peso: -0.8%
  • South African Rand: 4.45%

4 years:

  • Chilean Peso: 17.9%
  • South African Rand: 28%

The images below show just how similar the two currencies movements are over the various time periods

South Africa vs Chile
South Africa vs Chile

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email