Chile GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Chile expanded 2.70 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Chile is reported by the Banco Central de Chile. GDP Annual Growth Rate in Chile averaged 5.44 Percent from 1987 until 2013, 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. 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. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.70 5.00 16.15 -4.07 3.64 | 2014/03 1987 - 2013 Percent Quarterly
2008=100

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Chile GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-05-20 01:30 PM Chile
GDP Growth Rate YoY
Q1 2013 4.1% 5.7% 4.5% 5.70%
2013-08-19 01:30 PM Chile
GDP Growth Rate YoY
Q2 2013 4.1% 4.5% (R) 4.0% 3.6%
2013-11-18 11:30 AM Chile
GDP Growth Rate YoY
Q3 2013 4.7% 4.0% (R) 4%
2014-03-18 11:30 AM Chile
GDP Growth Rate YoY
Q4 2013 2.7% 5.0% (R) 2.9% 4.5%
2014-05-19 12:00 PM Chile
GDP Growth Rate YoY
Q1 2014 2.7% 3.64%
2014-08-18 12:00 PM Chile
GDP Growth Rate YoY
Q2 2014 3.31%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 28732465.00 2013-11-15 28755413.00 28755413.00 224.40 29137928.60 2014-03-31 CLP Million [+]
Gross Fixed Capital Formation 7219327.00 2013-11-15 7524481.00 8347918.00 2950910.00 7219280.08 2014-03-31 CLP Million [+]
Gross National Product 109100397.00 2013-06-30 104446498.00 109100397.00 86882862.00 109099716.90 2013-12-31 CLP Million [+]
GDP per capita 9447.08 2012-12-31 9030.74 9447.08 2479.19 9864.71 2013-12-31 USD [+]
GDP per capita PPP 15847.55 2012-12-31 15149.13 15847.55 4861.79 16548.20 2013-12-31 USD [+]
GDP Annual Growth Rate 2.70 2013-12-31 5.00 16.15 -4.07 3.64 2014-03-31 Percent [+]
GDP Growth Rate -0.10 2013-12-31 1.60 4.30 -2.70 0.54 2014-03-31 Percent [+]
GDP 268.00 2012-12-31 251.00 268.00 4.20 289.16 2013-12-31 USD Billion [+]
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Chile GDP Growth Slows to 2.7% YoY in Q4

Chile's economy advanced 2.7 percent in the fourth quarter of 2013 compared with a year earlier, the slowest expansion in three-and-a-half years, hurt by a sharp fall in investment. For full 2013, the GDP grew at a lower 4.1 percent, down from 5.6 percent in 2012.

On the production side, growth was mainly driven by electricity (10.3 percent yoy), retail sales (4.6 percent), public services (4.5 percent), business services (4.0 percent) and housing (3.4 percent). In contrast, fishing activities dropped by 14.2 percent and manufacturing industry contracted 1.3 percent. Agriculture slowed to 3.9 percent (from 4.5 percent in the previous quarter) and mining decelerated sharply to an annual 2.1 percent growth rate (9.4 percent in Q3).

On the expenditure side, household consumption grew the most at 4.9 percent, followed by government consumption (3.1 percent). Contrarily, gross fixed capital formation shrank 12.3 percent yoy, due to a 28.5 percent drop in machinery and equipment investment. Imports fell 5.3 percent and exports decreased 0.9 percent.

On a quarter-on-quarter basis, the economy grew 1.3 percent, after expanding 0.3 percent in the preceding three-month period.

Considering full 2013, the GDP growth was boosted by mining, retail trade and business services. Domestic demand advanced 3.4 percent, down from 6.9 percent in 2012 and 9.3 percent in 2011.

Isabel Felino | Isabel.felino@tradingeconomics.com
3/18/2014 2:32:31 PM

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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


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