Chile GDP Growth Slows in Q4

The Chilean economy advanced 1.3 percent year-on-year in the fourth quarter of 2015, slowing from a 2.2 percent growth rate in the previous period and lower than market expectations of a 1.6 percent increase. It is the lowest performance since the 2009 recession as investment and exports shrank and consumption slowed.

Consumption went up 1.8 percent, compared to a 2.5 percent rise in the previous period: household spending grew 1.1 percent, slowing from a 1.3 percent gain in the previous period and government consumption growth eased to 4.9 percent from 7.8 percent. Gross fixed capital formation shrank 1.3 percent, following a 4.3 percent rise in the third quarter and inventories declined 0.4 percent, the same as in the previous period. Exports went down 0.9 percent (-1.4 percent in Q3) and imports contracted 1.8 percent (1.7 percent in Q3). 

On a quarterly basis, the GDP expanded 0.1 percent, lower than a downwardly revised 0.3 percent increase in the previous period.

Considering full 2015, the economy expanded 2.1 percent, slightly up from 1.9 percent in 2014.

Chile GDP Growth Slows in Q4

Joana Taborda |
3/18/2016 1:39:11 PM