Chile's gross domestic product advanced by a meagre 0.3% year-on-year in the third quarter of 2022, following an upwardly revised 5.6% growth in the previous period and slightly above market expectations of a 0.2% rise. Still, it was the weakest expansion since the first quarter of 2021 when the economy stagnated. Both fixed investment (2.2% vs 7% in Q2) and government spending (4% vs 8.2%) slowed while private consumption declined (-2.8% vs 7.6%). Regarding net external demand, total exports rose by 4.1% (vs -0.5% in Q2), whereas total imports decreased by 2.7% (vs 10.4% in Q2%). On a seasonally adjusted quarterly basis, the economy shrank by 1.2%, the sharpest contraction since the second quarter of 2020, compared with market forecasts of a 1% decline. source: Banco Central de Chile
GDP Annual Growth Rate in Chile averaged 3.75 percent from 1997 until 2022, reaching an all time high of 18.90 percent in the second quarter of 2021 and a record low of -14.20 percent in the second quarter of 2020. This page provides - Chile GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Chile GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.
GDP Annual Growth Rate in Chile is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Chile GDP Annual Growth Rate is projected to trend around -0.50 percent in 2023 and 2.00 percent in 2024, according to our econometric models.