Chile GDP Annual Growth Rate 1987-2014 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Chile expanded 1.90 percent in the second quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Chile averaged 5.38 Percent from 1987 until 2014, 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


Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.40 16.15 -4.07 1987 - 2014 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 Wednesday, September 17, 2014.


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.

The GDP advanced at its slowest pace since the third quarter of 2009, when the economy contracted 0.6 percent. In the first three months of 2014, the GDP expanded a downwardly revised 2.4 percent. 

On the expenditure side, domestic demand contracted for the second straight quarter by 0.9 percent, hurt by an 8.1 percent fall in gross fixed capital formation (machinery and equipment investment shrank sharply by 21.1 percent). Household consumption grew 1.9 percent in the second quarter of 2014, slowing from a 3.6 percent expansion in the previous period and government consumption also increased at a slower 3.2 percent. Exports contracted 0.4 percent and imports fell 9.1 percent.

On the production side, agriculture and forestry contracted the most (4.4 percent), followed by manufacturing (-1.7 percent), restaurant and hotels activities (0.8 percent) and retail trade (0.4 percent). In contrast, mining increased at a faster 4.0 percent, driven by a 4.5 percent increase in copper production. 

On a seasonally adjusted quarter-on-quarter basis, the economy advanced a meager 0.2 percent, following a revised 0.6 percent expansion in the previous period. Considering the first six months of 2014, the GDP grew 2.2 percent. 

Joana Taborda | joana.taborda@tradingeconomics.com
8/18/2014 3:26:28 PM


Recent Releases

Chile GDP Growth Slows to 4-Year Low in Q1
Chile's economy advanced 2.6 percent in the first quarter of 2014 compared with a year earlier, slightly down from a 2.7 percent growth rate in the previous three months. It is the slowest expansion since the first quarter of 2010, as a fall in investment keeps dragging the economy down. Published on 2014-05-19

Chile GDP Growth Slows to 2.7% YoY in Q4
Chile's economy advanced 2.7 percent in the fourth quarter of 2013 compared with a year earlier, the slowest expansion in three-and-a-half years, hurt by a sharp fall in investment. For full 2013, the GDP grew at a lower 4.1 percent, down from 5.6 percent in 2012. Published on 2014-03-18


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-11-18 11:30 AM Chile
GDP Growth Rate YoY
Q3 2013 4.7% 4.0% (R) 4%
2014-03-18 11:30 AM Chile
GDP Growth Rate YoY
Q4 2013 2.7% 5.0% (R) 2.9% 4.5%
2014-05-19 01:30 PM Chile
GDP Growth Rate YoY
Q1 2014 2.6% 2.7% 2.54%
2014-08-18 01:30 PM Chile
GDP Growth Rate YoY
Q2 2014 1.9% 2.4% (R) 3.31%
2014-11-18 01:30 PM Chile
GDP Growth Rate YoY
Q3 2014 1.9% 1.15%


GDP Last Previous Highest Lowest Unit
GDP 277.20 266.26 277.20 4.20 USD Billion [+]
GDP Growth Rate 0.20 0.60 4.30 -2.70 Percent [+]
GDP Annual Growth Rate 1.90 2.40 16.15 -4.07 Percent [+]
GDP Constant Prices 28912870.00 28868742.00 28912870.00 224.40 CLP Million [+]
Gross National Product 109100397.00 104446498.00 109100397.00 86882862.00 CLP Million [+]
GDP per capita 9728.48 9430.50 9728.48 2479.19 USD [+]
Gross Fixed Capital Formation 6877777.00 6839385.00 8347918.00 2950910.00 CLP Million [+]
GDP per capita PPP 15847.55 15149.13 15847.55 4861.79 USD [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 3.10 Jun/14 3.50 9.00 -3.40 Percent [+]
Brazil -0.90 Jun/14 1.90 10.10 -3.15 Percent [+]
Canada 2.45 Jun/14 2.14 8.80 -3.70 Percent [+]
China 7.50 Jun/14 7.40 14.20 3.80 Percent [+]
Euro Area 0.70 Jun/14 1.00 5.00 -5.50 Percent [+]
France 0.30 Jun/14 0.70 4.90 -4.30 Percent [+]
Germany 0.80 Jun/14 2.50 5.20 -6.80 Percent [+]
India 5.70 Jun/14 4.60 11.40 -5.20 Percent [+]
Indonesia 5.12 Jun/14 5.22 7.16 1.56 Percent [+]
Italy -0.20 Jun/14 -0.40 10.30 -6.90 Percent [+]
Japan -0.10 Jun/14 3.00 9.40 -9.40 Percent [+]
Mexico 1.60 Jun/14 1.90 8.50 -8.10 Percent [+]
Netherlands 0.90 Jun/14 0.00 5.80 -4.40 Percent [+]
Russia 0.80 Jun/14 0.90 12.10 -11.20 Percent [+]
South Korea 3.50 Jun/14 3.90 18.20 -7.30 Percent [+]
Spain 1.20 Jun/14 0.50 5.80 -4.40 Percent [+]
Switzerland 0.60 Jun/14 2.10 7.30 -3.70 Percent [+]
Turkey 2.10 Jun/14 4.70 12.60 -14.70 Percent [+]
United Kingdom 3.20 Jun/14 3.00 10.20 -6.80 Percent [+]
United States 2.50 Jun/14 1.90 13.40 -4.10 Percent [+]





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