stock ( right axis ) ( * ) “ not executed ” “ finishings ” and “ under construction ” bars represent the stock in the metropolitan region. source : central b k f figure 7 vacancies in non - residential rental market ( * ) ( percent ) office spaces strip center storage units ( * ) six - monthly data. preliminary information on office space up to 2024. q3. source : central bank of chile based on information from cbre, colliers, gps. figure 8 households ’ gross savings and net financial financial burden to income ratio ( * ) ( percent of gdp ; annual change ) nfw gross savings ( right axis ) 12 ( percent of monthly income ; median ) mortgage consumer q5 q1 - q4 - 4 19 20 21 22 23 24 19 20 21 22 23 24 ( * ) q : quintile. q1 - q4 up to c $ 1, 365, 000 ; q5 up to c $ 2, 800, 000. q5 truncated due to taxable cap. source : central bank of chile based on cmf and suseso data. figure 9 non - payment of mortgage and consumer loans ( * ) ( percent of borrowers in each group ) consumer q1 - q4 q5 mortgage q1 - q4 q5 ( * ) q : quintile. q1 - q4 up to c $ 1, 365, 000 ; q5 up to c $ 2, 800, 000. q5 truncated due to taxable cap. source : central bank of chile based on cmf and suseso data. figure 10 central government gross debt ( percent of gdp ) actual and structural balance ( percent of gdp ) effective structural - 4 - 8 - 10 - 20 - 12 01 05 09 13 17 21 25 29 ( 1 ) gray area shows forecast in dipres third - quarter 2024 public finances report. ( 2 ) gross debt 2024 as reported in the dipres central government report at june 2024. dipres : budget office, chile ’ s ministry of finance. source : central bank of chile based on dipres data. figure 11 main components of assets ’ profitability ( percent of assets ) roa interest spread roe ( eje der. ) default and delinquency ( percent of portfolio ) mean roa adjustment spread default delinquency 30 6 20 4 10 2 16 17 18 19 20 21 22 23 24 ( 1 ) net income ( the numerator

spain, sweden, united kingdom and united states. ( 3 ) emerging economies are chile, colombia, india, indonesia, mexico, peru and poland. for latin america. emerging countries in this sample are : brazil, chile, colombia, hungary, india, indonesia, mexico, peru, poland and south africa. source : central bank of chile based on bloomberg data. figure 3 debt of non - banking firms ( * ) ( percent of gdp ) local banking debt foreign bonds import credits local bonds foreign loans fdi ( * ) based on firm - level information except for non - bank factoring, leasing and other securitized bonds, and marketable papers. does not include commercial college loans. quarterly figures. source : central bank of chile based on achef and cmf data. figure 4 banking indicators ( 1 ) ( 2 ) annual operating margin ( percent of total assets, times financial ( index, jan. 18 = 100 ) expenses, times net worth ) roa ( 12m ) 1. 0 120 total interest hedging ( 12 m. ) median indebtedness ( right axis ) 0. 8 110 0. 6 100 0. 4 0. 2 0. 0 large micro and small ( 1 ) asset profits are cumulative net income in twelve months before financial expenses and tax on total assets. ( 2 ) interest hedging is net income in twelve months before taxes and financial expenses over annualized financial expenses. ( 3 ) indebtedness is debt - to - equity ratio. source : central bank of chile based on cmf data. figure 5 unpaid installment index ( * ) by economic sector by participation in policies ( percent of loans by sector ) manufacturing real estate other ( percent of loans by group ) construction trade total with fogape loan without fogape loan total ( * ) firms financed with local bank loans. does not consider persons. other is made up of other economic sectors, such as : agriculture, mining, financial services, transport & communications, natural resources and unclassified. in parenthesis, the percentage share in total loans at september 2024. the categories are mutually exclusive. fogape corresponds to covid and reactiva. source : central bank of chile based on cmf data. figure 6 housing price index ( ipv ) stock of unsold new homes ( * ) ( index, 2015. q1 = 100 ) ( thousands of units ) total ipv ipv new homes ipv used homes not executed under construction finishings nationwide