Chile GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Chile expanded 2.60 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Chile averaged 5.42 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
2.60 2.70 16.15 -4.07 1987 - 2014 Percent Quarterly
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 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.

On the expenditure side, government consumption surged 9.6 percent year-on-year (3.1 percent in the last quarter of 2013). While exports recovered from last quarter’s contraction and grew 5.4 percent, household consumption rose at a slower 3.7 percent from 4.9 percent in the previous period. In contrast, imports shrank 3.6 percent and gross fixed capital formation contracted for the third straight quarter by 5 percent, mainly due to a 16.9 percent fall in machinery and equipment investment. 

On the production side, only fishing contracted compared with a year earlier by 5.5 percent. Agriculture and forestry rose 8 percent; business services increased 2.8 percent; the trade sector advanced 2.4 percent and mining and manufacturing rose marginally by 0.2 percent and 0.1 percent, respectively. 

On a quarter-on-quarter basis, the economy advanced 0.7 percent, following last quarter’s 0.1 percent contraction.

Joana Taborda |
5/19/2014 2:06:02 PM

Recent Releases

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

Chilean Economy Expands 4.7% YoY in Q3
In the third quarter of 2013, Chile’s GDP expanded 4.7 percent over a year earlier, up from a revised 4 percent in the previous quarter. The expansion was mainly boosted by mining and agriculture. Published on 2013-11-18

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-08-19 01:30 PM Chile
GDP Growth Rate YoY
Q2 2013 4.1% 4.5% (R) 4.0% 3.6%
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 2.6% 3.31%

GDP Last Previous Highest Lowest Unit
GDP 277.20 266.26 277.20 4.20 USD Billion [+]
GDP Growth Rate 0.70 -0.10 4.30 -2.70 Percent [+]
GDP Annual Growth Rate 2.60 2.70 16.15 -4.07 Percent [+]
GDP Constant Prices 28916067.00 28701398.00 28916067.00 224.40 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 6872277.00 7219327.00 8347918.00 2950910.00 CLP Million [+]
GDP per capita PPP 15847.55 15149.13 15847.55 4861.79 USD [+]

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