The economy of Chile advanced 1.6 percent year-on-year in the first quarter of 2019, easing from a 3.6 percent expansion in the previous period and missing market expectations of 1.8 percent. It was the weakest growth rate since the second quarter of 2017, as mining; fishing and agricultural activity shrank. On a seasonally adjusted quarterly basis, the economy showed no growth, after expanding 1.3 percent in the prior quarter. GDP Annual Growth Rate in Chile averaged 3.80 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.
GDP Annual Growth Rate in Chile is expected to be 2.50 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 3.20 in 12 months time. In the long-term, the Chile GDP Annual Growth Rate is projected to trend around 3.30 percent in 2020, according to our econometric models.