The economy of Chile advanced 2.8 percent year-on-year in the third quarter of 2018, slower than an upwardly revised 5.4 percent expansion in the previous period which was the strongest increase since 2012. Figures came slightly below market expectations of a 2.9 percent advance, pointing to the slowest growth since the third quarter of 2017. Household consumption, government spending and exports increased at a softer pace. Among economic activities, weaker growth was widespread, and the mining sector contracted. GDP Annual Growth Rate in Chile averaged 3.82 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.
GDP Annual Growth Rate in Chile is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Chile to stand at 3.20 in 12 months time. In the long-term, the Chile GDP Annual Growth Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.