Gross Domestic Product (YoY)

The Gross Domestic Product, released by the Banco Central de Chile, shows the monetary value of all the goods, services and structures produced within a country in a given period of time. It is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the CLP, while a low reading is negative.