Chile GDP Growth Rate

The Gross Domestic Product (GDP) in Chile contracted 0.10 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Chile is reported by the Banco Central de Chile. GDP Growth Rate in Chile averaged 0.95 Percent from 1997 until 2013, reaching an all time high of 4.30 Percent in the second quarter of 2010 and a record low of -2.70 Percent in the fourth quarter of 1998. Chile is one of Latin America´s fastest growing economies and has one of the highest GDP per capita in the region. From 1997 to 2012, Chile has been expanding at an average growth rate of 1 percent, on a quarter over quarter basis, mostly due to rise in exports. Chile is the world´s largest producer and exporter of copper. More recently, Chile has been diversifying its industrial base and it has become a success case in the production of salmon and wine. This page provides - Chile GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-0.10 1.60 4.30 -2.70 0.25 | 2014/06 1997 - 2013 Percent Quarterly
2008=100

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Chile GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-05-20 01:30 PM Chile
GDP Growth Rate QoQ
Q1 2013 0.5% 1.5%
2013-08-19 01:30 PM Chile
GDP Growth Rate QoQ
Q2 2013 0.5% 0.8% (R) 1.16%
2013-11-18 11:30 AM Chile
GDP Growth Rate QoQ
Q3 2013 1.3% 0.3% (R) 0.95%
2014-03-18 11:30 AM Chile
GDP Growth Rate QoQ
Q4 2013 -0.1% 1.6% (R) 1.5%
2014-05-19 12:00 PM Chile
GDP Growth Rate QoQ
Q1 2014 -0.1% 0.54%
2014-08-18 12:00 PM Chile
GDP Growth Rate QoQ
Q2 2014 0.25%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 28732465.00 2013-11-15 28755413.00 28755413.00 224.40 29596211.18 2014-06-30 CLP Million [+]
Gross Fixed Capital Formation 7219327.00 2013-11-15 7524481.00 8347918.00 2950910.00 6793205.05 2014-06-30 CLP Million [+]
Gross National Product 109100397.00 2013-06-30 104446498.00 109100397.00 86882862.00 113296369.69 2014-06-30 CLP Million [+]
GDP per capita 9447.08 2012-12-31 9030.74 9447.08 2479.19 10073.50 2014-06-30 USD [+]
GDP per capita PPP 15847.55 2012-12-31 15149.13 15847.55 4861.79 16898.37 2014-06-30 USD [+]
GDP Annual Growth Rate 2.70 2013-12-31 5.00 16.15 -4.07 3.31 2014-06-30 Percent [+]
GDP Growth Rate -0.10 2013-12-31 1.60 4.30 -2.70 0.25 2014-06-30 Percent [+]
GDP 268.00 2012-12-31 251.00 268.00 4.20 299.28 2014-06-30 USD Billion [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


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