Chile GDP Annual Growth Rate 1987-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Chile expanded 1.82 percent in the fourth quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Chile averaged 5.32 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
1.82 1.00 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 Monday, May 4, 2015.


Chile GDP Growth Accelerates in Q4


The Chilean economy advanced 1.8 percent year-on-year in the last quarter of 2014, up from a revised 1 percent expansion in the previous period as investment and exports rebounded and public spending increased.

Growth in the fourth quarter was driven by increases in public spending (5.5 percent in Q4 from 2.3 percent in Q3), gross fixed capital formation (0.5 percent from -12.1 percent) and exports (1.7 percent from -2.6 percent). In contrast, household consumption growth slowed to 1 percent (1.9 percent in Q3) and imports shrank 1.9 percent.

On a quarter-on-quarter seasonally adjusted basis, the GDP advanced 0.9 percent in the fourth quarter, up from a 0.4 percent increase in the three months to September, the fastest pace in five quarters.

The strong growth in Q4 was not enough to lift the expansion for full year. In 2014, the economy rose only 1.9 percent, the slowest pace in five years, as growth in government spending and consumption was not enough to offset a decline in investment and slower exports. 

On the expenditure side, gross fixed capital formation fell by 6.1 percent. Investment in machinery and equipment dropped sharply by 18.8 percent, hurt by lower investment in industrial machinery, mining and transport equipment. Government spending rose 4.4 percent while household consumption advanced 2.2 percent led by an increase in health services, communications and transport. Exports expanded a meager 0.7 percent and imports fell by 7 percent.

On the production side, the fishing sector grew 18.6 percent and electricity, gas and water increased by 4.9 percent. Construction activities closed the year with a 1.5 percent rise while mining advanced only 1.3 percent due to lower copper production. Agriculture and forestry increased marginally by 0.4 percent, after showing negative results in the second and third quarter.

Banco Central de Chile | Carolina Cunha | carolina.cunha@tradingeconomics.com
3/18/2015 5:37:27 PM


Recent Releases

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. Published on 2014-11-18

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-08-18 01:30 PM
GDP Growth Rate YoY  Q2
1.9% 2.4% (R) 3.31%
2014-11-18 11:30 AM
GDP Growth Rate YoY  Q3
0.8 % 1.9% 0.9% 1.15%
2015-03-18 11:45 AM
GDP Growth Rate YoY  Q4
1.8% 1% (R) 1.9% 1.33%
2015-05-19 01:30 PM
GDP Growth Rate YoY  Q1
1.8% -0.02%
2015-08-19 01:30 PM
GDP Growth Rate YoY  Q2
0.22%
2015-11-18 11:30 AM
GDP Growth Rate YoY  Q3
0.7%


Chile GDP Last Previous Highest Lowest Unit
GDP 277.20 266.26 277.20 4.20 USD Billion [+]
GDP Growth Rate 0.90 0.40 4.50 -2.70 percent [+]
GDP Annual Growth Rate 1.82 1.00 16.15 -4.07 percent [+]
GDP Constant Prices 29346563.00 29076219.00 29346563.00 224.40 CLP Million [+]
Gross National Product 112087500.00 109458614.00 112087500.00 86852020.00 CLP Million [+]
GDP per capita 9728.48 9430.50 9728.48 2479.19 USD [+]
Gross Fixed Capital Formation 7407388.00 6596148.00 8233028.00 2394423.00 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 2.50 Nov/14 2.70 9.00 -3.40 percent [+]
Brazil -0.20 Nov/14 -0.60 10.10 -3.15 percent [+]
Canada 2.63 Nov/14 2.75 8.80 -3.70 percent [+]
China 7.00 Feb/15 7.30 14.20 3.80 percent [+]
Euro Area 0.90 Nov/14 0.80 5.00 -5.50 percent [+]
France 0.24 Nov/14 0.41 12.50 -3.92 percent [+]
Germany 1.60 Nov/14 1.20 5.20 -6.80 percent [+]
India 7.50 Nov/14 8.20 11.40 -5.20 percent [+]
Indonesia 5.01 Nov/14 4.92 7.16 1.56 percent [+]
Italy -0.50 Nov/14 -0.50 10.30 -6.90 percent [+]
Japan -0.80 Nov/14 -1.40 9.40 -9.40 percent [+]
Mexico 2.60 Nov/14 2.20 8.50 -8.10 percent [+]
Netherlands 1.40 Nov/14 1.00 5.80 -4.40 percent [+]
Russia 0.40 Nov/14 0.90 12.10 -11.20 percent [+]
South Korea 2.40 Feb/15 2.70 18.20 -7.30 percent [+]
Spain 2.60 Feb/15 2.00 5.80 -4.40 percent [+]
Switzerland 1.90 Nov/14 1.90 7.30 -3.70 percent [+]
Turkey 2.60 Nov/14 1.90 12.60 -14.70 percent [+]
United Kingdom 2.40 Feb/15 3.00 9.80 -5.80 percent [+]
United States 3.00 Feb/15 2.40 13.40 -4.10 percent [+]