Chile’s economy contracted 0.5% year-on-year in the first quarter of 2026, missing forecasts of a 0.1% expansion. The weaker GDP performance was mainly driven by declines in agriculture and forestry, mining, manufacturing, and fishing, while personal services provided the main positive contribution. Agriculture and forestry activity fell 5.4%, largely due to lower fruit production, while mining contracted 3.1% amid weaker copper output caused by lower ore grades, adverse weather conditions, and maintenance shutdowns. Fishing activity plunged 18.6% due to lower fish landings. Manufacturing output declined 2.0%, mainly reflecting weaker food production tied to reduced fishing resources. In contrast, personal services grew 2.4%, supported by health and education services. source: Banco Central de Chile

The Gross Domestic Product (GDP) in Chile contracted 0.50 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Chile averaged 3.43 percent from 1997 until 2026, reaching an all time high of 18.30 percent in the second quarter of 2021 and a record low of -14.90 percent in the second quarter of 2020. This page provides - Chile GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Chile GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

The Gross Domestic Product (GDP) in Chile contracted 0.50 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Chile is expected to be -0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Chile GDP Annual Growth Rate is projected to trend around 3.30 percent in 2027 and 3.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-18 11:30 AM
GDP Growth Rate YoY
Q4 1.6% 1.6% 1.7% 1.7%
2026-05-18 12:30 PM
GDP Growth Rate YoY
Q1 -0.5% 1.6% 0.1% -0.20%
2026-08-18 12:30 PM
GDP Growth Rate YoY
Q2 -0.5% -0.5%


Related Last Previous Unit Reference
Full Year GDP Growth 2.50 2.80 percent Dec 2025
GDP 330.27 335.52 USD Billion Dec 2024
GDP Growth Rate YoY -0.50 1.60 percent Mar 2026
GDP Constant Prices 53943.70 54144.74 CLP Billion Mar 2026
GDP from Agriculture 2628.84 2180.79 CLP Billion Mar 2026
GDP from Construction 3174.75 3300.86 CLP Billion Mar 2026
GDP from Manufacturing 4952.95 5066.71 CLP Billion Mar 2026
GDP from Mining 3420.31 4137.14 CLP Billion Mar 2026
GDP from Public Administration 25720.99 2635.75 CLP Billion Mar 2026
GDP from Services 5151.16 5700.73 CLP Billion Mar 2026
GDP from Transport 3359.18 3504.00 CLP Billion Mar 2026
GDP from Utilities 1811.88 1905.24 CLP Billion Mar 2026
GDP Growth Rate -0.30 0.60 percent Mar 2026
GDP per Capita 14579.40 14280.35 USD Dec 2024
GDP per Capita PPP 30182.79 29563.68 USD Dec 2024
Gross Fixed Capital Formation 12540.27 14507.68 CLP Billion Mar 2026
Gross National Product 209929.14 204520.96 CLP Billion Dec 2024


Chile GDP Annual Growth Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.50 1.60 18.30 -14.90 1997 - 2026 percent Quarterly
2018=100

News Stream
Chile Economy Unexpectedly Contracts in Q1
Chile’s economy contracted 0.5% year-on-year in the first quarter of 2026, missing forecasts of a 0.1% expansion. The weaker GDP performance was mainly driven by declines in agriculture and forestry, mining, manufacturing, and fishing, while personal services provided the main positive contribution. Agriculture and forestry activity fell 5.4%, largely due to lower fruit production, while mining contracted 3.1% amid weaker copper output caused by lower ore grades, adverse weather conditions, and maintenance shutdowns. Fishing activity plunged 18.6% due to lower fish landings. Manufacturing output declined 2.0%, mainly reflecting weaker food production tied to reduced fishing resources. In contrast, personal services grew 2.4%, supported by health and education services.
2026-05-18
Chile’s Q4 Growth Slows Slightly
Chile’s economy grew 1.6% year-on-year in Q4 2025, slowing from 1.7% in Q3 and slightly below the 1.7% forecast. Trade led growth at 7.2%, personal services were up 3.3%, transportation up 1.9%, and manufacturing up 1.8% , supported by food processing and metal products. Agriculture and livestock rose 0.3%, and construction grew 1.5%. Meanwhile, mining fell 6.2% on weaker copper output and utilities dropped 3.5%. For the full year 2025, economic activity expanded 2.5% year-on-year, reflecting strength in domestic demand fueled by both investment and consumption.
2026-03-18
Chile GDP Growth Slows in Q3
Chile’s economy grew 1.6% year-on-year in Q3 2025, slowing from 3.3% in the previous quarter and below expectations of 1.9%. Trade rose 5.8%, amid wholesale gains in machinery, equipment, raw materials, food, beverages, and tobacco, along with stronger retail and e-commerce sales. Business services increased 4.2%, supported by higher demand for architectural and engineering services from the mining sector. Personal services grew 3.4%, led by health and education. Transportation expanded 3.6%, while manufacturing rose 1.7%, boosted by food processing and metal products. Agriculture and livestock increased 4.7%. Construction grew 0.8%, with engineering works offsetting declines in building. In contrast, mining fell 6.5% on weaker copper output, and utilities dropped 4.4% amid lower electricity generation.
2025-11-18