2. 0 - 3. 0 2. 0 1. 9 2. 2 1. 5 1. 5 4. 4 2. 2 - 4. 0 18. 7 23. 0 1. 8 1. 9 2. 2 0. 5 - 4. 0 19. 2 23. 2 1. 8 1. 8 2. 5 0. 6 - 3. 9 19. 2 23. 2 ( annual change, percent ) gdp demanda interna domestic demand ( w / o inventory change ) gross fixed capital formation total consumption private consumption goods and services exports goods and services imports current account ( % of gdp ) gross national savings ( % of gdp ) nominal gfcf ( % of gdp ) ( f ) forecast. source : central bank of chile. figure 18 growth forecasts for selected economies ( annual change, percent ) 2013 - 2019 average 2023 ( f ) united states eurozone 2024 ( f ) 2025 ( f ) china trading partners ( * ) ( f ) forecast. ( * ) for definition, see glossary. source : central bank of chile. figure 19 commodity prices ( 1 ) ( dollars / lb ; dollars / barrel ; index ) copper oil 4. 5 foods ( fao ) 4. 0 3. 5 3. 0 2. 5 2. 0 21 23 ( f ) 25 ( f ) 21 23 ( f ) 25 ( f ) 21 23 ( f ) 25 ( f ) ( f ) forecast. ( 1 ) actual price / index refers to average of each year. ( 2 ) red diamonds correspond to forecasts in the central scenario of june 2023 mp report for each year in 2023 - 2025 period. ( 3 ) for oil : wti - brent average price per barrel. sources : central bank of chile, bloomberg, and fao. figure 20 mpr corridor ( * ) ( quarterly average, percent ) 25. ii 25. i 24. iv 24. iii 24. ii 24. i 23. iv 23. iii 23. ii 23. i 22. iv 22. iii 22. ii 22. i 21. iv 21. iii 21. i 21. ii jun. 23 corridor fts ees mar. 23 corridor mpr 13. 0 12. 0 11. 0 10. 0 9. 0 8. 0 7. 0 6. 0 5. 0 4. 0 3. 0 2. 0 1. 0 0. 0 ( * ) the corridor is built with the methodology

##s ) core goods ( w / o volatiles ) ( 1 ) dashed vertical line marks statistical cutoff of march 2023 mp report. ( 2 ) for details on the different groupings and their shares in the total cpi basket, see box iv. 1 in december 2019 mp report, carlomagno and sansone ( 2019 ) and economic glossary. sources : central bank of chile and national statistics institute. figure 2 activity gap by different methods ( * ) other gap metrics ( * ) ( percent ) - 2 - 4 - 6 - 8 - 10 - 12 - 14 - 16 ( percent ) 10. 0 4. 0 capacity utilization electric power generation ( right axis ) 3. 0 2. 0 5. 0 1. 0 0. 0 0. 0 - 1. 0 range of models - 5. 0 - 2. 0 - 3. 0 - 10. 0 - 4. 0 ( * ) for details on its calculation, see box ii. 1 in june 2023 mp report. source : central bank of chile. figure 3 commodity prices ( index, 2018 - 2023 average = 100 ) real exchange rate ( rer ) 4. 0 3. 5 3. 0 2. 5 2. 0 1. 5 ( % of gdp, quarterly ) foods transportation costs oil ( index, 1986 average = 100 ) average of last 15 years 1. 0 rer 10 11 12 13 14 15 16 17 18 19 20 21 22 23 ( 1 ) fao food price index. ( 2 ) wti - brent average. ( 3 ) calculated as the difference between cif and fob imports. ( 4 ) preliminary data for may 2023 considers the average of that month, and for june the average of the first 15 days of june. fifteen - year average covers from june 2018 to may 2023. sources : central bank of chile and bloomberg. figure 4 activity and demand ( index, 2013. i = 100, real deseasonalized series ) gdp non - mining gdp domestic demand source : central bank of chile. figure 5 private consumption ( index, 2013. i = 100, real deseasonalized series ) private consumption durable goods non - durable goods services source : central bank of chile. figure 6 imports of consumer goods spending in goods and services ( index, 2018 = 100, real deseasonalized series ) durables ( index, 2018 = 100, real deseasonalized series ) non durables ( 1 ) moving