The economy of Chile advanced 3.3 percent year-on-year in the third quarter of 2019, following a 1.9 percent expansion in the previous period. Growth was mainly driven by the mining sector, manufacturing and services activities, in particular personal services and business. On the expenditure side, household consumption advanced at a faster pace and fixed investment rose due to construction and machinery & equipment. On a seasonally adjusted quarterly basis, the economy grew 0.7 percent, the same pace as in the prior quarter.
GDP Annual Growth Rate in Chile averaged 3.77 percent from 1997 until 2019, reaching an all time high of 9.50 percent in the first quarter of 2011 and a record low of -3.90 percent in the second quarter of 1999. This page provides - Chile GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Banco Central de Chile
GDP Annual Growth Rate in Chile is expected to be -3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Chile to stand at 1.30 in 12 months time. In the long-term, the Chile GDP Annual Growth Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.