Chile's gross domestic product advanced 0.3% year-on-year in the first quarter of 2021, following a flat growth rate in the previous period and missed market expectations of a 0.5% expansion. Main positive contributions came from manufacturing (2.0% vs 3.5% in Q4); trade, restaurants & accommodation (6.9% vs 6.8%); housing maintenance & furniture (0.7% vs flat reading in Q4); forestry & agriculture (2.3% vs 4.7%); and public administration (2.2% vs 2.9%). On the other hand, output fell in financial & corporate services (-2.2% vs -2.4%); construction (-11.7% vs -11.2%); mining (-2.1% vs -2.6%), mostly dragged down by copper output (-2.5%); personal services (-1.0% vs -0.7%); and transportation (-6.1% vs -7.8%). On a seasonally adjusted quarterly basis, the economy expanded 3.2%, easing from a downwardly revised 6.4% jump in Q4, as the nation struggled with a resurgence in COVID-19 infections. source: Banco Central de Chile
GDP Annual Growth Rate in Chile averaged 3.35 percent from 1997 until 2021, reaching an all time high of 9.30 percent in the fourth quarter of 2004 and a record low of -14.20 percent in the second quarter of 2020. This page provides - Chile GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Chile GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
GDP Annual Growth Rate in Chile is expected to be 12.00 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 2.80 in 12 months time. In the long-term, the Chile GDP Annual Growth Rate is projected to trend around 3.50 percent in 2022 and 3.30 percent in 2023, according to our econometric models.