Chile GDP Annual Growth Rate  1987-2017 | Data | Chart | Calendar

The economy of Chile expanded 0.9 percent year-on-year in the second quarter of 2017, following a meager 0.1 percent growth in the previous period which was the lowest since the 2009 recession. Figures came in line with market expectations as a stronger household spending was able to offset falls in investment and exports. GDP Annual Growth Rate in Chile averaged 5.01 percent from 1987 until 2017, reaching an all time high of 16.15 percent in the third quarter of 1992 and a record low of -4.07 percent in the second quarter of 1999.

Chile GDP Annual Growth Rate
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Chile GDP Advances 0.9% YoY in Q2


The economy of Chile expanded 0.9 percent year-on-year in the second quarter of 2017, following a meager 0.1 percent expansion in the previous period which was the lowest since the 2009 recession. Figures came in line with market expectations as a stronger household spending was able to offset falls in investment and exports.

Year-on-year, household spending increased 2.6 percent, following a 1.8 percent rise in Q1. On the other hand, public expenditure rose less (2.7 percent compared to 4.9 percent in Q1). Gross fixed capital investment shrank 4.1 percent, following a 2.4 percent drop in Q1 and marking the fourth straight quarter of decreases. Construction investment went down 6.5 percent (-6.2 percent in Q1) and investment in machiney and equipment rose a meager 0.1 percent (4.3 percent in Q1). Exports went down 3.5 percent (-4.2 percrnt in Q1), mainly due to lower sales of mining and industrial goods and imports rose at a faster 7 percent (4.6 percent in Q1).

On the production side, higher growth rates were recorded for real estate (2.4 percent compared to 1.8 percent in Q1); communication (3.5 percent compared to 2.4 percent); transport (0.8 percent compared to 0.7 percent) and restaurants and hotels (0.7 percent compared to 0.6 percent in Q1). In addition, the output for utilities rebounded (0.6 percent compared to -0.2 percent). On the other hand, slower growth rates were seen for personal services (2.8 percent compared to 3.7 percent) and internal trade (3.4 percent compared to 5.8 percent). The manufacturing sector stalled, following a 1 percent rise in Q1. Lower production of wine, beer, tobacco, canned fruit and non-metallic minerals offset a rise in fishing, cellulose and metal products. The mining sector shrank 3 percent, following a 13.8 percent slump in the previous period. Copper production went down 2.3 percent (-14.3 percent in Q1) amid a slow recovery in the Escondida mine after the stoppage in the previous quarter. In addition, maintenance and unfavourable weather conditions also weighed down on the the sector's performance. Construction slumped 3.7 percent (-1.7 percent in Q1).

On a quarterly basis, the economy expanded 0.7 percent, following a downwardlt revised 0.1 percent rise in Q1.

Banco Central de Chile | Joana Taborda | joana.taborda@tradingeconomics.com
8/18/2017 1:05:03 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-03-20 11:30 AM GDP Growth Rate YoY 0.5% 1.8% 1.8%
2017-05-18 12:30 PM GDP Growth Rate YoY 0.1% 0.5% 0.2% 0.2%
2017-08-18 11:30 AM GDP Growth Rate YoY 0.9% 0.1% 0.9% 0.6%
2017-11-20 11:30 AM GDP Growth Rate YoY 0.9% 2.2% 2.2%


Chile GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.10 4.30 -2.70 percent [+]
GDP Annual Growth Rate 0.90 0.10 16.15 -4.07 percent [+]
GDP 247.00 242.50 278.40 4.10 USD Billion [+]
GDP Constant Prices 36585.76 35954.18 38021.86 13802.00 CLP Billion [+]
Gross National Product 141794.36 139866.74 141794.36 66182.23 CLP Billion [+]
Gross Fixed Capital Formation 7582.11 7247.61 9340.75 2394.00 CLP Billion [+]
GDP per capita 15019.60 14907.10 15019.60 3806.80 USD [+]
GDP per capita PPP 22706.70 22536.60 22706.70 8991.80 USD [+]
GDP From Agriculture 898.74 1989.93 2020.97 193.80 CLP Billion [+]
GDP From Construction 2220.95 2056.61 2711.86 1102.60 CLP Billion [+]
GDP From Manufacturing 3798.54 3867.71 3930.24 1858.80 CLP Billion [+]
GDP From Mining 3591.72 3235.21 4101.99 2233.20 CLP Billion [+]
GDP From Public Administration 1721.20 1698.44 1733.91 721.60 CLP Billion [+]
GDP From Services 3697.32 3486.78 3887.52 2705.90 CLP Billion [+]
GDP From Transport 2995.77 3000.29 3129.22 708.90 CLP Billion [+]
GDP From Utilities 931.56 978.22 1088.74 532.40 CLP Billion [+]


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. This page provides - Chile GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Chile GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.10 16.15 -4.07 1987 - 2017 percent Quarterly
2013=100




GDP annual growth rate by Country
Country Last
China 6.80 Sep/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.06 Sep/17
Canada 3.70 Jun/17
South Korea 3.60 Sep/17
Spain 3.10 Sep/17
Netherlands 3.00 Sep/17
Germany 2.80 Sep/17
Euro Area 2.50 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Australia 1.80 Jun/17
Italy 1.80 Sep/17
Russia 1.80 Sep/17
Japan 1.70 Sep/17
Mexico 1.60 Sep/17
United Kingdom 1.50 Sep/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17