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

The Gross Domestic Product (GDP) in Chile expanded 2.41 percent in the first quarter of 2015 over the same quarter of the previous year. GDP Annual Growth Rate in Chile averaged 5.30 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.

      Forecast
Chile GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.41 1.82 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. Content for - Chile GDP Annual Growth Rate - was last refreshed on Monday, May 25, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-11-18 11:30 AM Q3 0.8 % 1.9% 0.9% 1.15%
2015-03-18 11:45 AM Q4 1.8% 1% (R) 1.9% 1.33%
2015-05-18 12:30 PM Q1 2.4% 1.8% 2.1% 2.1%
2015-08-19 01:30 PM Q2 2.4% 0.22%
2015-11-18 11:30 AM Q3 0.7%


Chile GDP Growth Beats Expectations in Q1


The Chilean economy expanded 2.4 percent year-on-year in the first quarter of 2015, up from a 1.8 percent growth in the previous period as domestic demand and net exports increased.

On the expenditure side, growth in the first quarter was driven by increases in domestic demand (+1.3 percent in Q1 from 0.0 percent in Q4 2014), public spending (+5.6 percent from +5.5 percent) and household consumption (+1.6 percent from +1.0 percent). Exports of goods and services slowed to 1.4 percent from 1.7 percent in the previous quarter, while imports shrank 2.0 percent. In contrast, gross fixed capital formation fell 1.7 percent after a 0.5 percent growth in the previous quarter. While expenditure on machinery and equipment products decreased by 7.4 percent, expenditure on building and construction increased by 1.1 percent.

On the production side, the agriculture and forestry sector grew 8.5 percent compared to a year earlier. Mining went up by 3.3 percent led by better performance of mining copper (+2.8 percent). Construction activities rose 2.0 percent while electricity, gas and water advanced only 1.5 percent due to weaker performance of power generation. On the other hand, the fishing sector declined 13.5 percent, continuing the downward trend recorded since the third quarter of 2014. 

On a quarterly seasonally adjusted basis, the GDP advanced 1.0 percent, as domestic demand grew 0.4 percent, down from a 2.0 percent increase in the previous quarter.

Banco Central de Chile | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/18/2015 1:44:59 PM


Recent Releases

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. Published on 2015-03-18

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 Last Previous Highest Lowest Unit
GDP 277.20 266.26 277.20 4.20 USD Billion [+]
GDP Growth Rate 1.04 0.84 4.50 -2.70 percent [+]
GDP Annual Growth Rate 2.41 1.82 16.15 -4.07 percent [+]
GDP Constant Prices 29630636.00 29325315.00 29630636.00 224.40 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 6921913.00 7407388.00 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 1.00 Feb/15 0.90 5.00 -5.60 percent [+]
France 0.70 Feb/15 0.00 12.50 -3.92 percent [+]
Germany 1.10 Feb/15 1.60 5.20 -6.80 percent [+]
India 7.50 Nov/14 8.20 11.40 -5.20 percent [+]
Indonesia 4.71 Feb/15 5.01 7.16 1.56 percent [+]
Italy 0.00 Feb/15 -0.50 10.30 -6.90 percent [+]
Japan -1.40 Feb/15 -0.90 9.40 -9.40 percent [+]
Mexico 2.50 Feb/15 2.60 8.50 -8.10 percent [+]
Netherlands 2.40 Feb/15 1.40 5.80 -4.40 percent [+]
Russia -1.90 Feb/15 0.40 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 [+]