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

The Chilean economy advanced 0.1 percent year-on-year in the first quarter of 2017, easing from a 0.5 percent expansion in the previous period and slightly below market expectations of 0.2 percent. It is the lowest growth rate since the 2009 recession as private consumption slowed and exports shrank further after a six-week strike at the world's biggest copper mine caused a 14.4 percent slump in copper production. GDP Annual Growth Rate in Chile averaged 5.05 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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Calendar GMT Actual Previous Consensus Forecast (i)
2016-11-18 11:30 AM Q3 1.6% 1.6% 1.4% 1.4%
2017-03-20 11:30 AM Q4 0.5% 1.8% 1.8%
2017-05-18 12:30 PM Q1 0.1% 0.5% 0.2% 0.2%
2017-08-18 11:30 AM Q2 0.1% 1% 1.6%
2017-11-20 11:30 AM Q3 1.8%




Chile Annual GDP Growth Lowest Since 2009 In Q1


The Chilean economy advanced 0.1 percent year-on-year in the first quarter of 2017, easing from a 0.5 percent expansion in the previous period and slightly below market expectations of 0.2 percent. It is the lowest growth rate since the 2009 recession as private consumption slowed and exports shrank further after a six-week strike at the world's biggest copper mine caused a 14.4 percent slump in copper production.

Year-on-year, household expenditure increased at a slightly slower pace (2 percent vs 2.4 percent in Q4) and external trade contributed negatively to growth as exports continued to decrease (-4.9 percent vs -2 percent in Q4) while imports surged (4.2 percent from a flat reading in Q4). On the positive side, government spending rose faster (5.1 percent vs 1.7 percent in Q4) and fixed investment contracted less (-2.4 percent vs - 5 percent in Q4). 

On the production side, growth eased for transport (0.4 percent vs 2 percent in Q4); financial services (2.5 percent vs 2.9 percent in Q4); real estate activities (1.8 percent vs 2.1 percent in Q4) and public administration (1.5 percent vs 2.5 percent in Q4). Business services decreased (-3.6 percent vs -3.5 percent in Q4) and mining sector fell sharply (-13.8 percent vs -3.3 percent in Q4), dragged down by reduced copper production (-14.4 percent vs -3 percent in Q4) hit by the prolonged strike at the world's largest copper mine Escondida. Construction slipped (-2.2 percent vs -0.2 percent in Q4) and utilities declined (-0.5 percent vs -7.6 percent in Q4).In contrast, output advanced for internal trade (5.5 percent vs 3 percent in Q4); communication (2.7 percent vs 1.7 percent in Q4) and personal services (4.3 percent vs 3 percent). Also, manufacturing rebounded (0.9 percent vs -2.2 percent in Q4), boosted by food (4 percent vs -1.7 percent in Q4), textiles ,clothing and footwear (13 percent vs 10.3 percent in Q4) and metal products, machinery and equipment (6.4 percent vs 1.9 percent). In addition, fisheries rose significantly (34 percent vs 1.6 percent in Q4).

On a quarterly basis, the GDP increased 0.2 percent compared to a downwardly revised 0.3 percent drop in the previous three months.

Banco Central de Chile | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/18/2017 2:14:33 PM



Chile GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 -0.30 4.30 -2.70 percent [+]
GDP Annual Growth Rate 0.10 0.50 16.15 -4.07 percent [+]
GDP 240.80 258.70 277.10 4.10 USD Billion [+]
GDP Constant Prices 36545.00 36479.00 36603.00 13802.00 CLP Billion [+]
Gross National Product 141794.36 115136572.00 115136572.00 141794.36 CLP Million [+]
Gross Fixed Capital Formation 7244.45 8813.00 9341.00 2394.00 CLP Billion [+]
GDP per capita 14660.51 14479.76 14660.51 3630.39 USD [+]
GDP per capita PPP 22197.04 21923.39 22197.04 9244.16 USD [+]
GDP From Agriculture 2020.80 953.50 2021.00 193.80 CLP Billion [+]
GDP From Construction 2045.66 2705.10 2711.90 1102.60 CLP Billion [+]
GDP From Manufacturing 3864.23 3802.70 3930.20 1858.80 CLP Billion [+]
GDP From Mining 3233.60 3897.10 4102.00 2233.20 CLP Billion [+]
GDP From Public Administration 1703.43 1733.90 1733.90 721.60 CLP Billion [+]
GDP From Services 3489.81 3752.50 3887.50 2705.90 CLP Billion [+]
GDP From Transport 2998.51 3129.20 3129.20 708.90 CLP Billion [+]
GDP From Utilities 975.58 1005.70 1088.70 532.40 CLP Billion [+]


Chile GDP Annual Growth Rate Notes

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.50 16.15 -4.07 1987 - 2017 percent Quarterly
2013=100



gdp annual growth rate by Country

Last
China 6.90 Mar/17
India 6.10 Mar/17
Indonesia 5.01 Mar/17
Turkey 5.00 Mar/17
Netherlands 3.20 Mar/17
Spain 3.00 Mar/17
South Korea 2.90 Mar/17
Mexico 2.80 Mar/17
Canada 2.30 Mar/17
United Kingdom 2.00 Mar/17
United States 2.00 Mar/17
Euro Area 1.90 Mar/17
Australia 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.30 Mar/17
Italy 1.20 Mar/17
France 1.10 Mar/17
Switzerland 1.10 Mar/17
Russia 0.50 Mar/17
Brazil -0.40 Mar/17