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

The economy of Chile advanced 2.2 percent year-on-year in the third quarter of 2017, following an upwardly revised 1 percent growth in the previous period and matching market consensus. It was the strongest expansion since the first quarter of 2016, as household spending rose faster and exports rebounded while investment fell less. GDP Annual Growth Rate in Chile averaged 5.18 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 -3.87 percent in the second quarter of 1999.

Chile GDP Annual Growth Rate
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Chile GDP Growth At 1-1/2-Year High in Q3


The economy of Chile advanced 2.2 percent year-on-year in the third quarter of 2017, following an upwardly revised 1 percent growth in the previous period and matching market consensus. It was the strongest expansion since the first quarter of 2016, as household spending rose faster and exports rebounded while investment fell less.

Year-on-year, household spending increased 2.8 percent, higher than a 2.6 percent rise in Q2. Gross fixed capital investment contracted less (-2.3 percent compared to -4.6 percent in Q2), but marked the fifth consecutive quarter of declines. Construction investment fell 7.5 percent (-7.6 percent in Q2) and investment in machinery and equipment advanced at a faster pace (6.4 percent compared to 0.7 percent in Q2). Meanwhile, government spending slowed (2.2 percent compared to 3 percent in Q2). Exports rose 3 percent, recovering from a 3 percent decrease in Q2, as sales of industrial, agricultural and mining products rebounded. Meantime, imports went up at a softer 4.4 percent compared to a 6.7 percent surge in Q2.

On the production side, mining activity rebounded sharply (7.5 percent compared to -3 percent), mainly driven by copper production (8.2 percent compared to -2.3 percent). Also, manufacturing grew faster (1 percent compared to 0.4 percent), boosted by stronger production of wood and furniture; crude oil refining and metal products, machinery and equipment. In addition, higher growth rates were also recorded for: fisheries (14 percent compared to 8.9 percent in Q2); internal trade (4.4 percent compared to 3.5 percent); utilities (4.1 percent compared to 0.8 percent); transport (2 percent compared to 0.8 percent); financial services (4.3 percent compared to 3.6 percent) and personal services (3.1 percent compared to 2.8 percent). On the other hand, output grew less for restaurants and hotels (0.9 percent compared to 1.1 percent); communication and information (3.8 percent compared to 4 percent); real estate activities (2.5 percent compared to 2.9 percent) and public administration (1.8 percent compared to 2.3 percent). Meantime, output declines were recorded for agriculture (-1.3 percent compared to 0.3 percent); construction (-6 percent compared to -3.7 percent) and business services (-1.7 percent compared to -2.3 percent).

On a quarterly basis, the GDP expanded 1.5 percent, following an upwardly revised 0.9 percent growth in Q2.

Banco Central de Chile | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
11/20/2017 1:44:39 PM



Calendar GMT Actual Previous Consensus TEForecast
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 2.2% 1.0% 2.2% 2.2%
2018-03-19 11:30 AM GDP Growth Rate YoY
2018-05-18 12:30 PM GDP Growth Rate YoY
2018-08-18 11:30 AM GDP Growth Rate YoY


Chile GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.50 0.90 4.30 -2.70 percent [+]
GDP Annual Growth Rate 2.20 1.00 16.15 -3.87 percent [+]
GDP 247.00 242.50 278.40 4.10 USD Billion [+]
GDP Constant Prices 36542.49 36628.78 38021.86 13802.00 CLP Billion [+]
Gross National Product 141794.36 139866.74 141794.36 66182.23 CLP Billion [+]
Gross Fixed Capital Formation 7705.67 7582.11 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 558.97 898.74 2020.97 193.80 CLP Billion [+]
GDP From Construction 2161.01 2220.95 2711.86 1102.60 CLP Billion [+]
GDP From Manufacturing 3773.27 3798.54 3930.24 1858.80 CLP Billion [+]
GDP From Mining 3952.19 3591.25 4101.99 2233.20 CLP Billion [+]
GDP From Public Administration 1739.84 1721.20 1739.84 721.60 CLP Billion [+]
GDP From Services 3537.17 3697.32 3887.52 2705.90 CLP Billion [+]
GDP From Transport 3049.89 2995.77 3129.22 708.90 CLP Billion [+]
GDP From Utilities 994.31 931.56 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 1.00 16.15 -3.87 1987 - 2017 percent Quarterly
2013=100




GDP annual growth rate by Country
Country Last
Turkey 11.10 Sep/17
China 6.80 Sep/17
India 6.30 Sep/17
Indonesia 5.06 Sep/17
South Korea 3.80 Sep/17
Spain 3.10 Sep/17
Canada 3.00 Sep/17
Netherlands 3.00 Sep/17
Australia 2.80 Sep/17
Germany 2.80 Sep/17
Euro Area 2.60 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Japan 2.10 Sep/17
Russia 1.80 Sep/17
Italy 1.70 Sep/17
Mexico 1.50 Sep/17
United Kingdom 1.50 Sep/17
Brazil 1.40 Sep/17
Switzerland 1.20 Sep/17