The economy in Chile shrank 13.2 percent on quarter in the three months to June 2020, following a 3 percent expansion in the previous period and compared with market expectations of a 13.1 percent plunge. It was the sharpest contraction on record, as the COVID-19 outbreak hit the economy. source: Banco Central de Chile

GDP Growth Rate in Chile averaged 0.68 percent from 1997 until 2020, reaching an all time high of 4.30 percent in the second quarter of 2010 and a record low of -13.20 percent in the second quarter of 2020. This page provides - Chile GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Chile GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

GDP Growth Rate in Chile is expected to be 9.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Chile to stand at 0.60 in 12 months time. In the long-term, the Chile GDP Growth Rate is projected to trend around 0.60 percent in 2021 and 0.80 percent in 2022, according to our econometric models.

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Chile GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-13.20 3.00 4.30 -13.20 1997 - 2020 percent Quarterly
2013=100


Calendar GMT Actual Previous Consensus TEForecast
2019-11-18 11:30 AM Q3 0.7% 0.7% 1.4%
2020-03-18 11:30 AM Q4 -4.1% 0.8% -3.3% -1.3%
2020-05-18 12:30 PM Q1 3% -4.1% 2.7% 2.8%
2020-08-18 12:30 PM Q2 -13.2% 3% -13.1% -13%
2020-11-18 11:30 AM Q3 -13.2% 9%
2021-03-18 11:30 AM Q4 -1%


Chile GDP Growth Rate
Chile has been one of Latin America´s fastest growing economies mostly due to exports of copper. In recent years, the country has been diversifying its industrial base and it has become a success case in the production of salmon and wine.