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.

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Chile GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-03-18 11:30 AM Q4 12% 17.2% 13% 12%
2022-05-18 12:30 PM Q1 7.2% 12% 7.9% 6.8%
2022-08-18 12:30 PM Q2 7.2% 5.5%


Related Last Previous Unit Reference
GDP Growth Rate -0.80 1.70 percent Mar 2022
GDP Annual Growth Rate 7.20 12.00 percent Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
7.20 12.00 18.90 -14.20 1997 - 2022 percent Quarterly
2013=100

News Stream
Chile Q1 GDP Expands Less than Expected
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.
2022-05-18
Chile Q4 GDP Expands Less than Expected
Chile's gross domestic product advanced 12% year-on-year in the last quarter of 2021, following a 17.2 percent increase in the previous period and missing market expectations of a 13% expansion. Gross fixed capital formation expanded at a softer rate (19.9% vs 29.7% in Q3) while private consumption slowed (16.1% vs 27.5%). Meanwhile, government spending rose faster (11% vs 8.7%). Regarding net trade, exports rose 0.6 percent (from 1.1 percent in Q3) while imports surged 38.4 percent (from 37.3 percent in Q3). On a seasonally adjusted quarterly basis, the economy expanded 1.8%, easing from a downwardly revised 4.5% jump in the prior quarter. For full 2021, the economy grew 11.7%.
2022-03-18
Chile GDP Growth Hits 17.2% in Q2
Chile’s gross domestic product rose 17.2 percent in the third quarter of 2021, easing from an 18.1 percent growth in the previous period and below market expectations of a 17.6 percent expansion. It was the second-fastest pace of expansion of the Chilean economy on record, solely behind the previous quarter, uplifted from low base year effects from the pandemic and reflecting the opening of the economy and the government’s fiscal stimuli. Economic growth was mostly driven by personal services (24.5 percent vs 35.6 percent in Q2), trade (29 percent vs 42.6 percent), restaurants, and hotels (86.7 percent vs 73.6 percent), manufacturing (12.4 percent vs 15.4 percent), and communications (13.3 percent vs 9.4 percent). On the other hand, output contracted for mining activity (-4 percent vs 2.7 percent), particularly copper (-6.7 percent vs 1.7 percent). On a seasonally adjusted quarterly basis, the economy expanded 4.9 percent, following an upwardly revised 1.6 percent jump in Q2.
2021-11-18