Chile GDP Annual Growth Rate 1987-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Chile expanded 1.90 percent in the second quarter of 2015 over the same quarter of the previous year, slightly above market expectations but down from an upwardly revised 2.5 percent increase in the first three months of the year. GDP Annual Growth Rate in Chile averaged 5.27 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
1.90 2.41 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. Content for - Chile GDP Annual Growth Rate - was last refreshed on Friday, August 28, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-18 11:45 AM Q4 1.8% 1%(R) 1.9% 1.33%
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 1.9% 1.8%


Chile GDP Growth Slightly Above Expectations


The Chilean economy advanced 1.9 percent year-on-year in the second quarter of 2015, slightly above market expectations but slowing from an upwardly revised 2.5 percent expansion in the first three months of the year. Household and government spending drove the expansion while investment and exports contracted.

On the expenditure side, both household and government consumption slowed to 1.6 percent and 3.6 percent respectively (from 1.9 percent and 5.7 percent respectively in the first quarter) while gross fixed capital formation shrank for the second consecutive period by 3 percent (-1.9 percent in the first quarter). In addition, exports fell 4.9 percent and imports went down 5.1 percent (from 1.5 percent and -2.3 percent respectively in the first quarter). 

On the production side, personal services was the main contributor to the expansion (up 3.1 percent year-on-year), followed by business services (up 1.8 percent year-on-year), construction (up 3.6 percent year-on-year) and financial services (up 4.6 percent year-on-year).

The mining sector advanced 0.9 percent year-on-year, slowing sharply from a 3.3 percent increase in the first three months of the year. Copper production grew 0.6 percent (2.8 percent in the first quarter). The manufacturing sector expanded 0.2 percent, rebounding from a 0.2 percent drop in the previous period while agriculture grew 3.7 percent (7.5 percent in the first quarter). In contrast, fishing and activities in restaurants and hotels dragged growth down (-8.5 percent year-on-year and -0.9 percent year-on-year respectively).

On a quarter-on-quarter seasonally adjusted basis, the economy stagnated, after growing an upwardly revised 1.1 percent in the first three months of 2015.

Considering the first six months of the year, the GDP increased 2.2 percent.

Joana Taborda | joana.taborda@tradingeconomics.com
8/18/2015 1:14:28 PM


Recent Releases

Chile GDP Growth Beats Expectations in Q1
The Chilean economy expanded 2.4 percent year-on-year in the first quarter of 2015, up from a 1.8 percent growth in the previous period as domestic demand and net exports increased.
Published on 2015-05-18

Chile GDP Growth Accelerates in Q4
The Chilean economy advanced 1.8 percent year-on-year in the last quarter of 2014, up from a revised 1 percent expansion in the previous period as investment and exports rebounded and public spending increased.
Published on 2015-03-18

Chile GDP Growth at 5-Year Low
Chilean GDP advanced 0.8 percent year-on-year in the third quarter of 2014, the weakest pace since the 2009 recession. The economy slowed for the fourth straight quarter as mining investment contracted further.
Published on 2014-11-18

Chile GDP Growth Slows Again in Q2
Chile’s economy expanded 1.9 percent year-on-year in the second quarter of 2014, the weakest growth rate in nearly five years, as domestic demand and exports fell.
Published on 2014-08-18


Chile GDP Last Previous Highest Lowest Unit
GDP 258.06 276.70 276.70 4.20 USD Billion [+]
GDP Growth Rate 0.00 1.10 4.50 -2.70 percent [+]
GDP Annual Growth Rate 1.90 2.41 16.15 -4.07 percent [+]
GDP Constant Prices 29642600.00 29644200.00 29644200.00 13801624.00 CLP Million [+]
Gross National Product 112087500.00 109458614.00 112087500.00 86852020.00 CLP Million [+]
GDP per capita 9847.86 9748.82 9847.86 2479.19 USD [+]
Gross Fixed Capital Formation 6746810.00 6908490.00 8274830.00 2394423.00 CLP Million [+]
GDP per capita PPP 21967.18 21746.25 21967.18 9193.28 USD [+]
Gdp From Agriculture 651417.40 1255210.10 1255210.10 193766.20 CLP Million [+]
Gdp From Construction 2062933.40 2055764.70 2077496.30 1102627.20 CLP Million [+]
Gdp From Manufacturing 2874011.00 2952086.40 2957144.90 1858756.10 CLP Million [+]
Gdp From Mining 3506273.60 3478143.90 3681901.50 2233159.40 CLP Million [+]
Gdp From Public Administration 1198166.20 1213454.10 1213454.10 721600.70 CLP Million [+]
Gdp From Services 3676697.90 3705673.70 3779121.80 2705949.10 CLP Million [+]
Gdp From Transport 2121979.50 2158976.50 2208993.00 708888.20 CLP Million [+]
Gdp From Utilities 1053103.50 1010602.70 1191233.50 532399.40 CLP Million [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.30 Mar/15 2.50 9.00 -3.40 percent [+]
Brazil -2.60 Jun/15 -1.60 10.10 -3.15 percent [+]
Canada 2.06 Mar/15 2.63 8.80 -3.70 percent [+]
China 7.00 Jun/15 7.00 14.20 3.80 percent [+]
Euro Area 1.20 Jun/15 1.00 5.00 -5.60 percent [+]
France 1.00 Jun/15 0.82 12.50 -3.95 percent [+]
Germany 1.60 Jun/15 1.20 6.00 -7.90 percent [+]
India 7.50 Mar/15 6.60 11.40 -5.20 percent [+]
Indonesia 4.67 Jun/15 4.71 7.16 1.56 percent [+]
Italy 0.50 Jun/15 0.10 10.30 -6.90 percent [+]
Japan 0.70 Jun/15 -1.00 9.40 -9.40 percent [+]
Mexico 2.20 Jun/15 2.50 8.50 -8.10 percent [+]
Netherlands 1.60 Jun/15 2.50 5.80 -4.40 percent [+]
Russia -4.60 Jun/15 -2.20 12.10 -11.20 percent [+]
South Korea 2.20 Jun/15 2.50 18.20 -7.30 percent [+]
Spain 3.10 Jun/15 2.70 5.60 -4.30 percent [+]
Switzerland 1.20 Jun/15 1.20 5.40 -3.60 percent [+]
Turkey 2.30 Mar/15 2.60 12.60 -14.70 percent [+]
United Kingdom 2.60 Jun/15 2.90 9.80 -5.80 percent [+]
United States 2.70 Jun/15 2.90 13.40 -4.10 percent [+]