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

The Gross Domestic Product (GDP) in Chile expanded 0.80 percent in the third quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Chile averaged 5.34 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.

   
  Forecast  

Chile GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.80 1.90 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, November 26, 2014.


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.

On the expenditure side, gross fixed capital formation shrank 9.9 percent after falling a revised 8.4 percent in the preceding period. Investment in machinery and equipment dropped sharply by 24.6 percent. Household consumption advanced 2 percent, slowing slightly from a 2.1 percent expansion in the previous period and government consumption increased at a slower 1.8 percent (2.5 percent in the three months to June). Exports rose a meager 1 percent while imports fell 7.2 percent.

On the production side, agriculture and forestry contracted 6.6 percent, hurt by lower production of vegetables and manufacturing shrank 2.7 percent. The mining sector contracted 0.5 percent, following a 3.9 percent expansion in the previous period, dragged down by a 1.7 percent drop in copper output. In contrast, electricity surged 8.4 percent and fishing increased 10.7 percent.

On a quarter-on-quarter seasonally adjusted basis, the economy expanded 0.4 percent in the three months to September, rebounding from a revised 0.1 percent contraction in the previous period.

Banco Central de Chile | Ricardo Martins | ricardo.martins@tradingeconomics.com
11/18/2014 12:45:05 PM


Recent Releases

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 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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-05-19 01:30 PM
GDP Growth Rate YoY  Q1 2014
2.6% 2.7% 2.54%
2014-08-18 01:30 PM
GDP Growth Rate YoY  Q2 2014
1.9% 2.4% (R) 3.31%
2014-11-18 11:30 AM
GDP Growth Rate YoY  Q3 2014
0.8 % 1.9% 0.9% 1.15%
2015-02-18 11:30 AM
GDP Growth Rate YoY  Q4 2014
0.8 % 0.33%


Chile GDP Last Previous Highest Lowest Unit
GDP 277.20 266.26 277.20 4.20 USD Billion [+]
GDP Growth Rate 0.40 -0.10 4.30 -2.70 percent [+]
GDP Annual Growth Rate 0.80 1.90 16.15 -4.07 percent [+]
GDP Constant Prices 28991633.00 28886599.00 28991633.00 224.40 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 6776567.00 6858925.00 8347918.00 2950910.00 CLP Million [+]
GDP per capita PPP 21714.03 21048.93 21714.03 9198.85 USD [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 3.10 May/14 3.50 9.00 -3.40 percent [+]
Brazil -0.90 May/14 1.90 10.10 -3.15 percent [+]
Canada 2.45 May/14 2.14 8.80 -3.70 percent [+]
China 7.30 Aug/14 7.50 14.20 3.80 percent [+]
Euro Area 0.80 Aug/14 0.80 5.00 -5.50 percent [+]
France 0.40 Aug/14 0.00 4.90 -4.30 percent [+]
Germany 1.20 Aug/14 1.00 5.20 -6.80 percent [+]
India 5.70 May/14 4.60 11.40 -5.20 percent [+]
Indonesia 5.01 Aug/14 5.12 7.16 1.56 percent [+]
Italy -0.40 Aug/14 -0.30 10.30 -6.90 percent [+]
Japan -1.20 Aug/14 -0.20 9.40 -9.40 percent [+]
Mexico 2.20 Aug/14 1.60 8.50 -8.10 percent [+]
Netherlands 1.10 Aug/14 1.10 5.80 -4.40 percent [+]
Russia 0.70 Aug/14 0.80 12.10 -11.20 percent [+]
South Korea 3.20 Aug/14 3.50 18.20 -7.30 percent [+]
Spain 1.60 Aug/14 1.30 5.80 -4.40 percent [+]
Switzerland 0.60 May/14 2.10 7.30 -3.70 percent [+]
Turkey 2.10 May/14 4.70 12.60 -14.70 percent [+]
United Kingdom 3.00 Aug/14 3.20 9.80 -5.80 percent [+]
United States 2.40 Aug/14 2.60 13.40 -4.10 percent [+]