Magallanes Region, extreme south of Chile with the best third quarter performance

Thursday, December 1st 2016 - 19:56 UTC

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Punta Arenas, capital of Magallanes, a hub for cruise tourism and supplying Antarctica bases during summer months

Magallanes Region, in the extreme south of Chile, was the region with the strongest economic activity during the third quarter compared to the same period a year ago. Magallanes was closely followed by the regions of Tarapacá and Atacama to the north of the country, according to the latest release from the stats office, INE.

The extreme south region expanded 15%, Tarapacá, 12.4% and Atacama, 9.2%, compared to the national Chilean average for the third quarter of 1.6%.

At the opposite extreme were the regions of Los Lagos, down 4.9%; Arica and Parinacota, both with negative growth of 4.7%.

The Antofagasta region managed to cut a negative streak of several quarters, with a 2.9% growth in the July September, helping to moderate the last twelve year performance to minus 0.4%.

The whole detail of performance follows, Tarapacá (12,4%), Antofagasta (2,9%), Atacama (9,2%), Valparaíso (0,9%), O'Higgins (8,0%), Maule (4,8%), La Araucana (2,9%), Los Ríos (0,5%), Aysén (2,5%) and Magallanes (15%). At the opposite end, Arica and Parinacota (-4,7%), Coquimbo (-1,8%), Biobío (-0,5%) and Los Lagos (-4,9%).

Categories: Economy, Chile.

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Marti Llazo
How very curious. The Chilean region of Magallanes is just to the south of us and for all practical purposes much of it looks the same as the adjacent Argentine province of Santa Cruz, and their economic bases are similar.

According to this article the economy of the Chilean region grew by 15 percent in the last reporting period.

For the second trimester of 2016, the economy of the adjacent Santa Cruz province fell by 9 percent, making it the worst performing province in all of Argentina.

Did I mention that the governor of Santa Cruz province is ...... Alicia Kirchner?
Dec 01st, 2016 - 10:32 pm 0
nitrojuan
People from Chile use Health service in Rio Gallegos.. and many chilean students come to UBA (BA university) cause it is free.. They are welcome as peruvian,uruguayan,paraguayan and another inmigrants. Argentina was generous with inmigrants, also with welsh in Chubut Province but dont agree with english invasion in Malvinas and Pto.Soledad in 1833.
Dec 03rd, 2016 - 12:50 am 0
Marti Llazo
Nitro, maybe Argentina would not be as frequently bankrupt if it observed some of the more sensible economic policies in neighbouring Chile, which for some reason doesn't offer free university education for every Bolivian that comes by.
Dec 03rd, 2016 - 03:13 am 0

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