Core Insights - Chile is projected to have the highest growth rate in real income among OECD countries in the first quarter of 2025, with a growth rate of 3.1%, significantly above the OECD average of 0.1% [1] Economic Performance - The notable increase in real income is attributed to a 0.5% growth in per capita GDP and a continuous decline in inflation [1] - In the fourth quarter of 2024, Chile experienced a decline of 2.27% in real income per capita [1] Wage and Labor Market Trends - The Chilean National Statistics Institute (INE) reports that the real wage index has seen continuous growth for 28 months, with a year-on-year increase of 3.2% in June [1] - Cumulative growth for 2025 in real wages stands at 1.6%, while nominal wage index and labor cost index have increased by 7.5% and 7.8% respectively [1]