Good news for economy in Tarabaga – CEI News

Daniel Quinteros Rojas
Regional President Representative of Tarapaka

Creating favorable conditions for the economic development of the country and the region is one of the basic objectives of the economic policy of the government of President Gabriel Boric. Along these lines, we respect the positive statistics that the Central Bank recently presented to our region: in the third quarter of 2023, economic activity registered a significant growth of 5.2%, mainly driven by the mining sector and, to a lesser extent, for services.

The significant contribution of the mining sector to the economic situation of Tarapaka was mainly due to the initiation and expansion of mining operations, and was supported by favorable copper prices during the period. This panorama has led to the continuous growth of suppliers and related services, integrating mining as a manufacturing pillar, reaching 41% of regional GDP.

This favorable situation is not limited to our region as economic activities have experienced growth in 11 of the country's 16 regions. Thanks to the policies implemented by our government, the GDP at the national level increased by 0.6% compared to the same quarter of the previous year. The positive evolution of the economy was mainly driven by positive results in mining, personal services and electricity, gas and water activities.

In summary, the country's economy and Tarapaka reflect solid growth, highlighting the importance of the mining sector in this development. Along these lines, diversification and strengthening of other economic sectors will be essential to build a better future and ensure sustainable and balanced growth. Under President Boric's leadership, the region is moving toward a promising economic horizon.

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