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Chile GDP Growth Slows in Q3
Chile’s economy grew 1.6% year-on-year in Q3 2025, slowing from 3.3% in the previous quarter and below expectations of 1.9%. Trade rose 5.8%, amid wholesale gains in machinery, equipment, raw materials, food, beverages, and tobacco, along with stronger retail and e-commerce sales. Business services increased 4.2%, supported by higher demand for architectural and engineering services from the mining sector. Personal services grew 3.4%, led by health and education. Transportation expanded 3.6%, while manufacturing rose 1.7%, boosted by food processing and metal products. Agriculture and livestock increased 4.7%. Construction grew 0.8%, with engineering works offsetting declines in building. In contrast, mining fell 6.5% on weaker copper output, and utilities dropped 4.4% amid lower electricity generation.
Published on 2025-11-18

Chile GDP Growth Slows in Q3
Chile’s economy grew 1.6% year-on-year in Q3 2025, slowing from 3.3% in the previous quarter and below expectations of 1.9%. Trade rose 5.8%, amid wholesale gains in machinery, equipment, raw materials, food, beverages, and tobacco, along with stronger retail and e-commerce sales. Business services increased 4.2%, supported by higher demand for architectural and engineering services from the mining sector. Personal services grew 3.4%, led by health and education. Transportation expanded 3.6%, while manufacturing rose 1.7%, boosted by food processing and metal products. Agriculture and livestock increased 4.7%. Construction grew 0.8%, with engineering works offsetting declines in building. In contrast, mining fell 6.5% on weaker copper output, and utilities dropped 4.4% amid lower electricity generation.
Published on 2025-11-18

Chile GDP Growth Tops Forecasts
Chile’s economy expanded by 3.3% year-on-year in the second quarter of 2025, accelerating from an upwardly revised 2.5% increase in the previous quarter and above market expectations of a 2.9% rise. Domestic demand picked up to 5.8% from 1.6% in the prior quarter, due to household consumption (3.1% vs 2%) and investment (5.6% vs 1.5%). However, public spending eased (2.6% vs 3.9%). Net external demand contributed negatively to growth, with imports rising 14.6% while exports increased at a softer 5.4%. On a seasonally adjusted quarterly basis, the economy grew by 0.4% from the previous period in Q2.
Published on 2025-08-18

Chile GDP Growth Tops Forecasts
Chile’s economy expanded by 3.3% year-on-year in the second quarter of 2025, accelerating from an upwardly revised 2.5% increase in the previous quarter and above market expectations of a 2.9% rise. Domestic demand picked up to 5.8% from 1.6% in the prior quarter, due to household consumption (3.1% vs 2%) and investment (5.6% vs 1.5%). However, public spending eased (2.6% vs 3.9%). Net external demand contributed negatively to growth, with imports rising 14.6% while exports increased at a softer 5.4%. On a seasonally adjusted quarterly basis, the economy grew by 0.4% from the previous period in Q2.
Published on 2025-08-18

Chile Q1 GDP Growth Slightly Beats Forecasts
Chile’s economy expanded by 2.3% year-on-year in the first quarter of 2025, easing from a 4% increase in the previous quarter but slightly above market expectations of a 2% rise. Growth was observed in manufacturing (5.2%), agriculture and forestry (5.2%), and especially in fishing, which saw a surge of 29%. The services sector also contributed positively to the overall expansion. In contrast, the mining sector contracted by 1%, a sharp reversal from the 7.3% growth recorded in Q4 2024. Meanwhile, domestic demand slowed to 1.2% from 4.3% in the prior quarter, weighed down by a decline in household consumption (1.8% vs 2%) and investment (1.4% vs 3.3%). However, public spending rebounded by 3.1%, recovering from a 1.8% contraction. External trade supported growth, with exports rising from 9.2% to 10.7%, while imports declined from 10.2% to 9%. On a seasonally adjusted quarterly basis, the economy contracted by 5.5%, following a 9.4% gain in the fourth quarter of 2024.
Published on 2025-05-19

Chile GDP Growth Slightly Tops Forecasts
Chile's economy expanded by 4% year-on-year in the last quarter of 2024, marking the strongest growth since Q2 2022, following a downwardly revised 2% increase in Q3 and slightly exceeded market expectations of 3.7%. The mining sector surged by 7.3%, significantly outperforming the 4.6% growth seen in Q3, while the non-mining sector grew by 3.7%, up from 1.9%. Meanwhile, domestic demand rebounded (4.3% vs. -0.2%), driven by a 2% rise in household spending (vs. 1%) and a recovery in investment (3.3% vs. -0.8%), though public expenditure declined (-1.8% vs. 6.7%). Additionally, both exports (9.2% vs. 7.3%) and imports (10.2% vs. 1.2%) accelerated. On a quarterly basis, Chile’s GDP expanded by 0.4%, down from an upwardly revised 1.5% in Q3 and slightly below the expected 0.5%. For the full year 2024, the economy grew by 2.6%, largely driven by strong export performance.
Published on 2025-03-18

Chile GDP Growth Rate Slightly Beats Forecasts
The Chilean economy expanded 2.3% year-on-year in Q3 2024, higher than 1.6% in Q2 and slightly above expectations of 2.2%. The mining sector grew 5.1%, following a 6% gain, led by copper while extraction of iron declined. The non-mining sector soared 2% after a 0.9% growth in Q2, led by personal services activities (7.1%), transportation (6.7%), manufacturing (3.2%), mostly food and chemical products, petroleum, rubber and plastic, and commerce (3.2%). In contrast, agricultural-forestry activity contracted 8.5%, mainly due to lower production of fresh vegetables. On the expenditure side, faster increases were seen for household (1% vs 0.7%) and government (5.3% vs 1.2%) spending while gross fixed capital formation continued to contract (-0.2% vs-3.1%), led by a fall in construction that was partially offset by greater investment in machinery and equipment. Both exports (6.4% vs 6.4%) and imports (1.5% vs -3%) increased. Compared to the previous period, the GDP in Chile expanded 0.7%.
Published on 2024-11-18

Chile GDP Growth at Near 2-Year High of 2.3%
Chile's economy advanced by 2.3% year-on-year in Q1 2024, much faster than a 0.4% rise in the previous three-month period and compared to market estimates of a 2.5% growth. This was the strongest expansion since Q2 2022, as the expansion of domestic demand was accompanied by an increase in net exports. Within domestic demand, both investment and consumption rose. Investment (+4.7%) was influenced by a greater variation in inventories, which reached an accumulated ratio over twelve months of -0.3% of GDP. In contrast, gross fixed capital formation shrank by 6.1%, particularly in its machinery and equipment component. Meanwhile, household consumption saw a variation of 0.6% and government spending rose by 4.3%. On the external front, exports of goods and services rose by 3.2%, while imports increased by 1.6%. On a seasonally adjusted quarterly basis, Chile's GDP surged by 1.9% in Q1, up from a mild 0.1% growth in Q4 2023 and almost in line with market forecasts of a 2% rise.
Published on 2024-05-20

Chile Q4 GDP Growth Beats Forecasts
Chile's economy grew 0.4% year-on-year in Q4 2023, following a 0.6% expansion in the prior three-month period and above market forecasts of a 0.2% increase. Government spending rose, albeit at a slower pace (0.4% vs 1.8% in Q3), while household consumption dropped at a slower rate (-2.5% vs -4.4%). On the external side, exports (-1.2% vs -0.4%) fell much less than imports (-8.1% vs -10.3%). In the meantime, gross fixed capital formation declined at a stronger pace (-5.7% vs -2.9%). On the production side, manufacturing continued to expand (2.9% vs 1%) while output contracted for agriculture and forestry (-2.5% vs 11.6%) and mining (-2.5% vs 3.5%), namely copper production (-4.3% vs 2.1%). On a seasonally adjusted quarterly basis, Chile's GDP edged up 0.1% in Q4, easing from an upwardly revised 0.8% rise in the previous quarter and above market estimates of a 0.2% expansion. Considering the full 2023, the GDP rose 0.2%.
Published on 2024-03-18

Chile's Economy Rebounds in Q3
Chile's economy grew 0.6% year-on-year in Q3 2023, following a downwardly revised 0.8% decline in the prior three-month period and above market forecasts of a 0.2% expansion. Government spending accelerated (3.9% vs 1.8% in Q2), exports rebounded (0.2% vs -1.3%) and imports continued to fall (-10.9% vs -13.1%). Also, household consumption declined at a slower pace (-3.6% vs -6%). Conversely, gross fixed capital formation strongly reversed (-4.1% vs 1.5%). Among economic activities, output rebounded for agriculture and forestry (9% vs -0.5%) and mining (4.6% vs -0.5%), namely copper production (3.6% vs -2.5%). Meanwhile, manufacturing production continued to decline, albeit at a lower rate (-1.2% vs -1.9%). On a seasonally adjusted quarterly basis, Chile's GDP edged up 0.3% in Q3, rebounding from a 0.3% slip in the previous quarter and in line with market expectations.
Published on 2023-11-20

Chile Q2 GDP Shrinks Less than Expected
Chile's economy contracted by 1.1% yoy in the Q2 of 2023, after an upwardly revised 0.8% decline in the prior three-month period and compared with market forecasts of a 1.4% drop. It marks the third consecutive quarter of economic contraction, as household consumption remained depressed (-6.1% vs -7.1% in Q1) and as government spending slowed (1.5% vs 2.7%). Meanwhile, exports decreased 1.2%, after growing 2.5% in Q1, while imports plunged 13.2%, following a 16.9% slump in Q1. More positively, fixed investment rebounded (1.6% vs -2.3%). Among economic activities, output shrank mostly for commerce (-4.5% vs -3.4%); transportation (-4.3% vs -4.1%) and manufacturing (-2% vs -0.5%). The important mining sector also contracted further (-1.2% vs -0.6%), mainly due to lower production of copper (-2.6%). On a seasonally adjusted quarterly basis, the GDP went down by 0.3% in Q2, after a downwardly revised 0.4% rise in Q1 but better than market estimates of a 0.6% decrease.
Published on 2023-08-18

Chile's Economic Downturn Softens in Q1
Chile's economy shrank by 0.6% yoy in the Q1 of 2023, following a 2.3% slump in the prior three-month period and compared with market forecasts of a 0.9% decline. Household consumption (-6.7% vs -4.7% in Q4) and fixed investment (-2.1% vs -1.7%) continued to fall, while government spending rebounded (3.9% vs -2.1%). On the external side, exports rose faster (2.4% vs 1.6% in Q3) whereas imports plunged further (-17.4% vs -11.8%). Among activities, output decreased at a slower pace for transportation (-2.2% vs -16%); trade (-3.8% vs -8.2%); finance (-3.8% vs -5.2%); construction (-0.9% vs -3.4%) and manufacturing (-0.1% vs -5.8%). The important mining sector also contracted slightly less (-0.4% vs -0.7%), as robust growth in other mining activities (8.8% vs 6%) more than offset a reduction in copper (-2.3% vs -1.2%). On a seasonally adjusted quarterly basis, the GDP rose by 0.8% in Q1, after an upwardly revised 0.2% advance in Q4 but missing market forecasts of a 1% growth.
Published on 2023-05-18

Chile GDP Contracts More than Expected in Q4
Chile's gross domestic product shrank by 2.3% year-on-year in the fourth quarter of 2022, following a downwardly revised 0.2% growth in the previous period and worse than market expectations of a 1.6% fall. It marks the first economic contraction since the first quarter of 2021 and the steepest since the third quarter of 2020, amid decreases in household consumption (-4.7% vs -2.4% in Q3), government spending (-2.1% vs 2.8%) and fixed investment (-1.7% vs 0.5%). On the external side, exports slowed (1.6% vs 4.7% in Q3) whereas imports plunged (-15.8% vs -2.6%). On a seasonally adjusted quarterly basis, the economy rose by just 0.1%, after a downwardly revised 1.1% contraction in the previous quarter and missing market forecasts of a 0.6% rise. Considering the whole year of 2022, the Chilean economy grew by 2.4%, decelerating sharply from an 11.7% surge in the previous year.
Published on 2023-03-20

Chile Q3 GDP Growth at Over 1-1/2-Year Low
Chile's gross domestic product advanced by a meagre 0.3% year-on-year in the third quarter of 2022, following an upwardly revised 5.6% growth in the previous period and slightly above market expectations of a 0.2% rise. Still, it was the weakest expansion since the first quarter of 2021 when the economy stagnated. Both fixed investment (2.2% vs 7% in Q2) and government spending (4% vs 8.2%) slowed while private consumption declined (-2.8% vs 7.6%). Regarding net external demand, total exports rose by 4.1% (vs -0.5% in Q2), whereas total imports decreased by 2.7% (vs 10.4% in Q2%). On a seasonally adjusted quarterly basis, the economy shrank by 1.2%, the sharpest contraction since the second quarter of 2020, compared with market forecasts of a 1% decline.
Published on 2022-11-18

Chile Q2 GDP Growth Misses Expectations
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.
Published on 2022-08-18

Chile Q1 GDP Expands Less than Expected
Chile's gross domestic product advanced 7.2 percent year-on-year in the first quarter of 2022, following a 12 percent increase in the previous period and missing market expectations of a 7.9 expansion. Gross fixed capital formation expanded at a softer rate (8.8 percent vs. 19.9 percent in Q4) while both private consumption (13.9 percent vs. 16.1 percent) and government spending (9.1 percent vs. 11 percent) slowed. Exports declined 1.4 percent (from 0.6 percent in Q4), while imports surged 17.2 percent (from 38.4 percent in Q4). On a seasonally adjusted quarterly basis, the economy contracted 0.8 percent, following a downwardly revised 1.7 percent expansion in the prior quarter.
Published on 2022-05-18

Chile Q4 GDP Expands Less than Expected
Chile's gross domestic product advanced 12% year-on-year in the last quarter of 2021, following a 17.2 percent increase in the previous period and missing market expectations of a 13% expansion. Gross fixed capital formation expanded at a softer rate (19.9% vs 29.7% in Q3) while private consumption slowed (16.1% vs 27.5%). Meanwhile, government spending rose faster (11% vs 8.7%). Regarding net trade, exports rose 0.6 percent (from 1.1 percent in Q3) while imports surged 38.4 percent (from 37.3 percent in Q3). On a seasonally adjusted quarterly basis, the economy expanded 1.8%, easing from a downwardly revised 4.5% jump in the prior quarter. For full 2021, the economy grew 11.7%.
Published on 2022-03-18

Chile GDP Growth Hits 17.2% in Q2
Chile’s gross domestic product rose 17.2 percent in the third quarter of 2021, easing from an 18.1 percent growth in the previous period and below market expectations of a 17.6 percent expansion. It was the second-fastest pace of expansion of the Chilean economy on record, solely behind the previous quarter, uplifted from low base year effects from the pandemic and reflecting the opening of the economy and the government’s fiscal stimuli. Economic growth was mostly driven by personal services (24.5 percent vs 35.6 percent in Q2), trade (29 percent vs 42.6 percent), restaurants, and hotels (86.7 percent vs 73.6 percent), manufacturing (12.4 percent vs 15.4 percent), and communications (13.3 percent vs 9.4 percent). On the other hand, output contracted for mining activity (-4 percent vs 2.7 percent), particularly copper (-6.7 percent vs 1.7 percent). On a seasonally adjusted quarterly basis, the economy expanded 4.9 percent, following an upwardly revised 1.6 percent jump in Q2.
Published on 2021-11-18

Chile GDP Surges at Record Pace in Q2
Chile's gross domestic product surged 18.1 percent year-on-year in the June quarter of 2021, following an upwardly revised 0.5 percent growth in the previous period and beat market expectations of a 17.4 percent expansion. It was the fastest pace of expansion of the Chilean economy on record, reflecting low base year effects and the government’s fiscal stimuli to offset the impacts of the pandemic, which peaked during that period. Economic growth was mostly driven by personal services (36.3 percent vs -0.8 percent in Q1), notably education and health; trade, restaurants & hotels (46.2 percent vs 6.4 percent); manufacturing (16.5 percent vs 2.8 percent); financial & business services (8.5 percent vs -2.0 percent), namely professional activities; and construction (14.8 percent vs -11.5 percent). On a seasonally adjusted quarterly basis, the economy expanded 1 percent, following an upwardly revised 3.4 percent jump in the first quarter.
Published on 2021-08-18

Chile GDP Expands Less than Expected
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.
Published on 2021-05-18