Copper Continues To Drive Up Chile’s Fiscal Surplus

Chile’s fiscal surplus for the first nine months of the year reached 6.5% of GDP, driven up by the record international copper prices that have earned the country windfall revenues from the export of its main commodity. The figure for the first three quarters of the year compares with a surplus of 3.7% of GDP for the same period last year. During the third quarter, the fiscal surplus reached 2.4% of GDP; the government is forecasting a record surplus amounting to 7.6% of GDP for the whole of the year.