Chile's gross domestic product advanced 7.2 percent year-on-year in the first quarter of 2022, following a 12 percent increase in the previous period and missing market expectations of a 7.9 expansion. Gross fixed capital formation expanded at a softer rate (8.8 percent vs. 19.9 percent in Q4) while both private consumption (13.9 percent vs. 16.1 percent) and government spending (9.1 percent vs. 11 percent) slowed. Exports declined 1.4 percent (from 0.6 percent in Q4), while imports surged 17.2 percent (from 38.4 percent in Q4). On a seasonally adjusted quarterly basis, the economy contracted 0.8 percent, following a downwardly revised 1.7 percent expansion in the prior quarter. source: Banco Central de Chile
GDP Annual Growth Rate in Chile averaged 3.76 percent from 1997 until 2022, reaching an all time high of 18.90 percent in the second quarter of 2021 and a record low of -14.20 percent in the second quarter of 2020. This page provides - Chile GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Chile GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
GDP Annual Growth Rate in Chile is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Chile GDP Annual Growth Rate is projected to trend around 1.50 percent in 2023 and 2.50 percent in 2024, according to our econometric models.