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

The Chilean economy advanced 1.3 percent year-on-year in the fourth quarter of 2015, slowing from a 2.2 percent growth rate in the previous period and lower than market expectations of a 1.6 percent increase. It is the lowest performance since the 2009 recession as investment and exports shrank and consumption slowed. Considering full 2015, the economy expanded 2.1 percent. GDP Annual Growth Rate in Chile averaged 5.21 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
1.30 2.20 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 April of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 11:50 AM Q4 1.3% 2.2% 1.60% 1.8%
2016-05-18 11:30 AM Q1 1.3% 1.48%
2016-08-18 11:30 AM Q2 2.03%
2016-11-18 11:30 AM Q3 2.23%

Chile GDP Growth Slows in Q4


The Chilean economy advanced 1.3 percent year-on-year in the fourth quarter of 2015, slowing from a 2.2 percent growth rate in the previous period and lower than market expectations of a 1.6 percent increase. It is the lowest performance since the 2009 recession as investment and exports shrank and consumption slowed.

Consumption went up 1.8 percent, compared to a 2.5 percent rise in the previous period: household spending grew 1.1 percent, slowing from a 1.3 percent gain in the previous period and government consumption growth eased to 4.9 percent from 7.8 percent. Gross fixed capital formation shrank 1.3 percent, following a 4.3 percent rise in the third quarter and inventories declined 0.4 percent, the same as in the previous period. Exports went down 0.9 percent (-1.4 percent in Q3) and imports contracted 1.8 percent (1.7 percent in Q3). 

On a quarterly basis, the GDP expanded 0.1 percent, lower than a downwardly revised 0.3 percent increase in the previous period.

Considering full 2015, the economy expanded 2.1 percent, slightly up from 1.9 percent in 2014.

Joana Taborda | joana.taborda@tradingeconomics.com
3/18/2016 1:39:11 PM

Chile GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 0.40 4.50 -2.70 percent [+]
GDP Annual Growth Rate 1.30 2.20 16.15 -4.07 percent [+]
GDP 258.06 276.70 276.70 4.20 USD Billion [+]
GDP Constant Prices 29691537.00 29749980.00 29749980.00 13801624.00 CLP Million [+]
Gross National Product 115136572.00 112087500.00 115136572.00 86852020.00 CLP Million [+]
Gross Fixed Capital Formation 7405185.00 7065438.00 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 548475.10 404864.70 1255210.10 193766.20 CLP Million [+]
GDP From Construction 2106709.10 1993571.60 2106709.10 1102627.20 CLP Million [+]
GDP From Manufacturing 3020358.70 2906817.50 3020358.70 1858756.10 CLP Million [+]
GDP From Mining 3643105.00 3347941.10 3681901.50 2233159.40 CLP Million [+]
GDP From Public Administration 1232894.00 1231483.00 1232894.00 721600.70 CLP Million [+]
GDP From Services 3800751.40 3587718.10 3800751.40 2705949.10 CLP Million [+]
GDP From Transport 2304918.50 2118916.00 2304918.50 708888.20 CLP Million [+]
GDP From Utilities 1223420.80 1132204.00 1223420.80 532399.40 CLP Million [+]




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