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

The Chilean economy advanced 1.6 percent year-on-year in the third quarter of 2016, the same as an upwardly revised 1.6 percent expansion in the previous period and better than market expectations of 1.4 percent. Household spending accelerated while investment contracted for the first time this year. External trade also contributed positively to growth as imports shrank. On a quarterly basis, the economy expanded 0.6 percent, recovering from a 0.4 percent contraction in the previous three months. GDP Annual Growth Rate in Chile averaged 5.12 percent from 1987 until 2016, 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.

Chile GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-18 12:30 PM Q1 2% 1.3% 1.8% 1%
2016-08-18 11:30 AM Q2 1.5% 2.2% 1.1% 1.7%
2016-11-18 11:30 AM Q3 1.6% 1.6% 1.4% 1.4%
2017-03-17 11:50 AM Q4
2017-05-18 12:30 PM Q1
2017-08-18 11:30 AM Q2




Chile Annual GDP Growth Beats Estimates at 1.6%


The Chilean economy advanced 1.6 percent year-on-year in the third quarter of 2016, the same as an upwardly revised 1.6 percent expansion in the previous period and better than market expectations of 1.4 percent. Household spending accelerated while investment contracted for the first time this year. External trade also contributed positively to growth as imports shrank.

Year-on-year, household spending increased at a faster 2 percent (1.8 percent in the previous period) while government consumption eased slightly (6.9 percent compared to 7.5 percent in the previous period). Gross fixed capital formation shrank 1.2 percent, compared to a 3 percent gain in the previous period as investment in construction declined 1.8 percent and machinery and equipment fell 0.7 percent. Exports rose at a slower 0.5 percent (0.9 percent in the previous period) and imports fell 1.4 percent (0.2 percent in the previous period). 

On the production side, internal trade increased 3.1 percent; transport rose 5 percent and business services edged up 0.1 percent. Agriculture rose 0.7 percent, boosted by production of fresh vegetables. In contrast, mining shrank 0.8 percent, marking the fifth straight quarter of decline. Copper output which accounts for 15 percent of the GDP declined 0.5 percent and remaining extraction fell 3.5 percent, namely gold and silver while iron and coal increased. Manufacturing went down 1.4 percent, mainly due to lower production of drinks/wine and tobacco. In addition, construction shrank 1.4 percent and utilities fell 3.7 percent. 

On a quarterly basis, the economy advanced 0.6 percent, recovering from a 0.4 percent contraction in the previous period and in line with expectations as mining and manufacturing bounced back. 

Joana Taborda | joana.taborda@tradingeconomics.com
11/18/2016 1:00:28 PM



Chile GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 -0.40 4.30 -2.70 percent [+]
GDP Annual Growth Rate 1.60 1.60 16.15 -4.07 percent [+]
GDP 240.22 258.73 277.08 4.20 USD Billion [+]
GDP Constant Prices 30227245.00 30039250.00 30227245.00 13801624.00 CLP Million [+]
Gross National Product 115136572.00 112087500.00 115136572.00 86852020.00 CLP Million [+]
Gross Fixed Capital Formation 6930164.00 6973437.00 8269099.00 2394423.00 CLP Million [+]
GDP per capita 14626.20 14479.76 14626.20 3630.39 USD [+]
GDP per capita PPP 22145.09 21923.39 22145.09 9244.16 USD [+]
GDP From Agriculture 406135.30 644642.40 1282017.50 193766.20 CLP Million [+]
GDP From Construction 1969396.80 2101481.50 2106709.10 1102627.20 CLP Million [+]
GDP From Manufacturing 2856008.40 2885942.60 3024290.30 1858756.10 CLP Million [+]
GDP From Mining 3335709.30 3403200.00 3729053.30 2233159.40 CLP Million [+]
GDP From Public Administration 1254143.50 1254039.00 1254143.50 721600.70 CLP Million [+]
GDP From Services 3504467.10 3655350.10 3809813.30 2705949.10 CLP Million [+]
GDP From Transport 2232166.40 2243089.30 2314305.70 708888.20 CLP Million [+]
GDP From Utilities 1033349.10 1007688.10 1223420.80 532399.40 CLP Million [+]



Chile GDP Annual Growth Rate Notes

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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.60 16.15 -4.07 1987 - 2016 percent Quarterly
2008=100



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