The Chilean GDP expanded 0.3 percent on quarter in the third quarter of 2018, compared to a 0.7 percent rise in the second quarter of 2018 and below market expectations of 0.4 percent. It is the weakest expansion since a 0.6 percent contraction in Q1 2017. GDP Growth Rate in Chile averaged 0.87 percent from 1997 until 2018, reaching an all time high of 4.30 percent in the second quarter of 2010 and a record low of -2.70 percent in the fourth quarter of 1998.
GDP Growth Rate in Chile is expected to be 1.30 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 1.00 in 12 months time. In the long-term, the Chile GDP Growth Rate is projected to trend around 1.20 percent in 2020, according to our econometric models.