Chile's gross domestic product advanced 5.4 percent year-on-year in the second quarter of 2022, following a revised 7.4 percent increase in the previous period and missing market expectations of a 5.7 expansion. Both government spending (6.8 percent vs. 11.2 percent in Q1) and private consumption (7.7 percent vs. 14 percent) slowed, while gross fixed capital formation expanded 7.3 percent, the same as in the previous period. Regarding net trade, Exports declined 0.3 percent (from -1.7 percent in Q1), while imports surged 10.9 percent (from 15.3 percent in Q1). The economy stalled on a seasonally adjusted quarterly basis, following a revised 0.6 percent contraction in the prior quarter. source: Banco Central de Chile
GDP Annual Growth Rate in Chile averaged 3.78 percent from 1997 until 2022, reaching an all time high of 18.90 percent in the second quarter of 2021 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 October of 2022.
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. In the long-term, the Chile GDP Annual Growth Rate is projected to trend around 0.50 percent in 2023 and 2.00 percent in 2024, according to our econometric models.