Chile GDP Annual Growth Rate 1997-2018 | Data | Chart | Calendar

The gross domestic product of Chile expanded 4.2 percent year-on-year in the first quarter of 2018, quickening from a 3.3 percent advance in the previous period and slightly above market expectations of a 4.0 percent growth. It was the fastest expansion since the third quarter of 2013, as household spending, fixed investment and exports rose significantly. Among economic activities, the mining sector was the main contributor to growth. On a seasonally adjusted quarterly basis, the Chilean economy advanced 1.2 percent, above an upwardly revised 0.7 percent rise in the fourth quarter of 2017 and beating market expectations of a 1 percent growth. GDP Annual Growth Rate in Chile averaged 3.81 percent from 1997 until 2018, 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.

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Chile Q1 Annual GDP Growth Strongest Since 2013

The gross domestic product of Chile expanded 4.2 percent year-on-year in the first quarter of 2018, quickening from a 3.3 percent advance in the previous period and slightly above market expectations of a 4.0 percent growth. It was the fastest expansion since the third quarter of 2013, as household spending, fixed investment and exports rose significantly. Among economic activities, the mining sector was the main contributor to growth.

Year-on-year, household spending grew at a faster 3.9 percent, up from a 3.0 percent increase in Q4. Also, fixed investment continued to rise (3.6 percent from 2.7 percent), as construction investment rebounded (2.0 percent vs -1.7 percent) while that in machiney and investment slowed (6.5 percent vs 10.8 percent). Also, net external trade contributed positively to growth as exports jumped (7.2 percent vs 2.5 percent) and imports advanced at a softer pace (6.1 percent vs 5.2 percent). On the other hand, government spending increased less (2.7 percent vs 3.4 percent).

On the production side, output increased solidly in: mining and quarrying (19.3 percent vs 6.8 percent), boosted by both copper production (20.6 percent vs 7.9 percent) and other mining activities (8.4 percent vs -3.2 percent); internal trade (6.0 percent vs 4.7 percent); restaurants & hotels (3.6 percent vs 2.1 percent); transportation (4.9 percent vs 3.8 percent); financial services (4.1 percent vs 3.3 percent); business services (3.5 percent vs 1.2 percent); personal services (4.6 percent vs 4.1 percent) and utilities (5.7 percent vs 5.4 percent). Also, the construction sector rebounded sharply (3.2 percent vs -0.1 percent), posting the strongest gain since the third quarter of 2016 (3.6 percent). Conversely, production slowed in information and communication (3.1 percent vs 4.9 percent); real estate activities (2.2 percent vs 2.3 percent); manufacturing (2.8 percent vs 3.5 percent); while it shrank in agriculture (-2.3 percent vs -0.7 percent) and fishing (-6.5 percent vs 4.6 percent).

On a seasonally adjusted quarterly basis, the GDP expanded 1.2 percent, after an upwardly revised 0.7 percent rise in the fourth quarter and slightly above market expectations of a 1 percent growth.

Banco Central de Chile | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/18/2018 1:33:58 PM

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The gross domestic product of Chile advanced 3.3 percent year-on-year in the fourth quarter of 2017, following an upwardly revised 2.5 percent rise in the prior period and beating market expectations of a 2.9 percent growth. It was the fastest expansion since the third quarter of 2013, as household spending increased faster and fixed investment rebounded.
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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2017-11-20	11:30 AM	GDP Growth Rate YoY	2.2%	1.0%	2.2%	2.2%
2018-03-19	11:30 AM	GDP Growth Rate YoY	3.3%	2.5%	2.9%	3.0%
2018-05-18	12:30 PM	GDP Growth Rate YoY	4.2%	3.3%	4%	4.0%
2018-08-20	11:30 AM	GDP Growth Rate YoY		4.2%		4.0%
2018-11-20	11:30 AM	GDP Growth Rate YoY				3.5%

Chile GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	1.20	0.70	4.30	-2.70	percent	[+]
GDP Annual Growth Rate	4.20	3.30	9.50	-3.90	percent	[+]
GDP	247.00	242.50	278.40	4.10	USD Billion	[+]
GDP Constant Prices	38044.00	37594.00	38044.00	13802.00	CLP Billion	[+]
Gross National Product	141633.98	141794.36	141794.36	66182.23	CLP Billion	[+]
Gross Fixed Capital Formation	7615.00	9283.40	1486680.24	7348.67	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	1863.00	983.72	1984.19	193.80	CLP Billion	[+]
GDP From Construction	2135.00	2782.82	2786.62	1102.60	CLP Billion	[+]
GDP From Manufacturing	3923.00	3882.77	3964.26	1858.80	CLP Billion	[+]
GDP From Mining	3684.00	4135.49	4135.49	2233.20	CLP Billion	[+]
GDP From Public Administration	1761.00	1762.31	1762.31	721.60	CLP Billion	[+]
GDP From Services	3454.00	3766.97	3884.35	2705.90	CLP Billion	[+]
GDP From Transport	3145.10	3310.00	3310.00	708.90	CLP Billion	[+]
GDP From Utilities	1048.00	1064.13	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 June of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	4.20	3.30	9.50	-3.90	1997 - 2018	percent	Quarterly	2013=100

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GDP annual growth rate by Country

Country	Last		Previous	Highest	Lowest
India	7.70	Mar/18	7	11.4	-5.2	%	Quarterly
Turkey	7.40	Mar/18	7.3	11.7	-14.4	%	Quarterly
China	6.80	Mar/18	6.8	15.4	3.8	%	Quarterly
Indonesia	5.06	Mar/18	5.19	7.16	1.56	%	Quarterly
Australia	3.10	Mar/18	2.4	9	-3.4	%	Quarterly
Spain	3.00	Mar/18	3.1	5.6	-4.3	%	Quarterly
Netherlands	2.80	Mar/18	2.7	6.1	-4.9	%	Quarterly
South Korea	2.80	Mar/18	2.8	19.6	-7.4	%	Quarterly
United States	2.80	Mar/18	2.6	13.4	-4.1	%	Quarterly
Euro Area	2.50	Mar/18	2.8	5	-5.5	%	Quarterly
Canada	2.30	Mar/18	3	9.3	-4.1	%	Quarterly
Germany	2.30	Mar/18	2.9	7.2	-6.8	%	Quarterly
France	2.20	Mar/18	2.8	12.5	-3.8	%	Quarterly
Switzerland	2.20	Mar/18	1.9	5.8	-3.4	%	Quarterly
Italy	1.40	Mar/18	1.6	10.3	-7.2	%	Quarterly
Mexico	1.30	Mar/18	1.5	9	-9.1	%	Quarterly
Russia	1.30	Mar/18	0.9	12.1	-11.2	%	Quarterly
Brazil	1.20	Mar/18	2.1	10.1	-5.6	%	Quarterly
United Kingdom	1.20	Mar/18	1.4	9.7	-5.9	%	Quarterly
Japan	1.10	Mar/18	1.9	9.4	-8.8	%	Quarterly