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.


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Chile GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.30 1.90 9.50 -3.90 1997 - 2019 percent Quarterly
2013=100

Calendar GMT Actual Previous Consensus TEForecast
2019-03-18 11:30 AM Q4 3.6% 2.6% 2.9% 3.3%
2019-05-20 12:30 PM Q1 1.6% 3.6% 1.8% 2%
2019-08-19 12:30 PM Q2 1.9% 1.6% 1.8% 2.3%
2019-11-18 11:30 AM Q3 3.3% 1.9% 3.3%
2020-03-18 11:30 AM Q4 3.3% -3%


News Stream
2019-08-19
Chile Q2 GDP Growth Beats Forecasts
The economy of Chile grew 1.9 percent year-on-year in the second quarter of 2019, following a 1.6 percent expansion in the previous period and beating market expectations of 1.8 percent. Growth was mainly boosted by the services sector namely personal services, real estate and business while the mining sector recovered after shrinking in the first quarter. On a seasonally adjusted quarterly basis, the economy advanced 0.8 percent, after stalling in the prior quarter.

2019-05-20
Chile Q1 GDP Growth Weakest in Nearly 2 Years
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.

2019-03-18
Chile GDP Growth Beats Forecasts in Q4
The economy of Chile advanced 3.6 percent year-on-year in the fourth quarter of 2018, following a downwardly revised 2.6 percent growth in the previous period and beating market expectations of a 2.9 percent expansion. Growth was mainly driven by a rebound in mining activity. On a seasonally adjusted quarterly basis, the gross domestic product expanded 1.3 percent, after a downwardly revised 0.2 percent gain in the prior quarter. Considering full 2018, the economy grew 4.0 percent.


Chile GDP Annual Growth Rate
The most important sector of Chilean economy is services. Trade, restaurants and hotels, transport, communications, financial and business services, real estate and personal services account for more than 56 percent of the GDP. Mining constitutes 13 percent of the output with copper representing the biggest part. Manufacturing creates 12 percent of the wealth and construction and water, gas and electricity distribution 11 percent. The government fuels 5 percent of the output and the agriculture and fishing sector accounts for the remaining 3 percent of GDP.

Chile GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.70 4.30 -2.70 percent [+]
GDP Annual Growth Rate 3.30 1.90 9.50 -3.90 percent [+]
GDP 298.20 277.70 298.20 4.10 USD Billion [+]
GDP Constant Prices 39473.16 39184.87 39473.16 13802.00 CLP Billion [+]
Gross National Product 147343.25 141621.74 147343.25 66182.23 CLP Billion [+]
Gross Fixed Capital Formation 8266.50 8197.15 1486680.24 7233.43 CLP Billion [+]
GDP per capita 15130.20 14748.50 15130.20 3611.90 USD [+]
GDP per capita PPP 22873.81 22296.84 22873.81 8969.84 USD [+]
GDP From Agriculture 555.26 924.68 1980.91 193.80 CLP Billion [+]
GDP From Construction 2367.50 2364.32 2871.59 1102.60 CLP Billion [+]
GDP From Manufacturing 3906.62 4058.06 4127.71 1858.80 CLP Billion [+]
GDP From Mining 3842.67 3726.30 4240.30 2233.20 CLP Billion [+]
GDP From Public Administration 1803.78 1783.01 1803.78 721.60 CLP Billion [+]
GDP From Services 3786.67 3902.12 3902.12 2705.90 CLP Billion [+]
GDP From Transport 2017.43 1979.73 2076.19 708.90 CLP Billion [+]
GDP From Utilities 1058.78 1039.12 1131.59 532.40 CLP Billion [+]