Description

The quarterly national accounts constitute a fundamental tool for short term analysis. This explains a growing international trend of compilation of quarterly accounts. In this context, the Central Bank of Chile, responsible for assembling National Accounts, has implemented a system for Chile’s quarterly accounts estimation, presenting current and constant-price series for GDP and the main aggregate demand components for 1996-2004. A balancing process for supply and use of goods and services was implemented, which is analogous to the one used in assembling annual national accounts. This document presents the general methodology for constructing quarterly national accounts, its application, and the quarterly series.