Chile GDP Annual Growth Rate  1987-2016 | Data | Chart | Calendar

The Chilean economy advanced 2.2 percent year-on-year in the third quarter of 2015, up from a 1.9 percent rise in the previous period and compared to market expectations of a 2.1 percent expansion boosted by a rebound in investment and higher household and government spending. GDP Annual Growth Rate in Chile averaged 5.24 percent from 1987 until 2015, 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. GDP Annual Growth Rate in Chile is reported by the Banco Central de Chile.

Chile GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.20 1.90 16.15 -4.07 1987 - 2015 percent Quarterly
2008=100
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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-18 12:30 PM Q1 2.4% 1.8% 2.1% 2.1%
2015-08-18 12:30 PM Q2 1.9% 2.5% (R) 1.7% 1.8%
2015-11-18 11:30 AM Q3 2.2% 1.9% 2.1% 1.8%
2016-03-18 11:45 AM Q4 1.8%
2016-05-18 11:30 AM Q1 2.96%
2016-08-18 11:30 AM Q2 3.24%

Chile GDP Growth Beats Forecasts


The Chilean economy advanced 2.2 percent year-on-year in the third quarter of 2015, up from a 1.9 percent rise in the previous period and compared to market expectations of a 2.1 percent expansion boosted by a rebound in investment and higher household and government spending.

Year-on-year, domestic demand surged 3.6 percent, higher than a 3.1 percent increase in the previous period: household consumption grew 1.8 percent (1.5 percent in the second quarter), gross fixed capital formation surged 7.1 percent, rebounding from a 3.3 percent drop in the second quarter. Investment in machinery and equipment increased 12.2 percent while construction investment went up 4.9 percent. Government spending also grew at a faster 5.9 percent (4 percent in the second quarter).

Exports fell 0.9 percent, second consecutive quarter of contraction (-5.5 percent in the second quarter) while imports grew 3.1 percent, rebounding from a 5.4 percent decline. 

On a quarterly basis, the economy advanced 0.4 percent, following a 0.1 percent drop in the previous period.

Joana Taborda | joana.taborda@tradingeconomics.com
11/18/2015 12:24:55 PM

Chile GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.00 4.50 -2.70 percent [+]
GDP Annual Growth Rate 2.20 1.90 16.15 -4.07 percent [+]
GDP 258.06 276.70 276.70 4.20 USD Billion [+]
GDP Constant Prices 29749980.00 29642600.00 29749980.00 13801624.00 CLP Million [+]
Gross National Product 112087500.00 109458614.00 112087500.00 86852020.00 CLP Million [+]
Gross Fixed Capital Formation 7065438.00 6746810.00 8274830.00 2394423.00 CLP Million [+]
GDP per capita 9847.86 9748.82 9847.86 2479.19 USD [+]
GDP per capita PPP 21967.18 21746.25 21967.18 9193.28 USD [+]
GDP From Agriculture 404864.70 651417.40 1255210.10 193766.20 CLP Million [+]
GDP From Construction 1993571.60 2062933.40 2077496.30 1102627.20 CLP Million [+]
GDP From Manufacturing 2906817.50 2874011.00 2957144.90 1858756.10 CLP Million [+]
GDP From Mining 3347941.10 3506273.60 3681901.50 2233159.40 CLP Million [+]
GDP From Public Administration 1231483.00 1198166.20 1231483.00 721600.70 CLP Million [+]
GDP From Services 3587718.10 3676697.90 3779121.80 2705949.10 CLP Million [+]
GDP From Transport 2118916.00 2121979.50 2208993.00 708888.20 CLP Million [+]
GDP From Utilities 1132204.00 1053103.50 1191233.50 532399.40 CLP Million [+]




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