Chile Economic Activity August 2021


Chile: Economic activity growth gains steam in August

October 4, 2021

Economic activity rose 19.1% year-on-year in August (July: +18.1% yoy). August's upturn was driven by an improvement in both the mining and the non-mining sectors.

On a seasonally-adjusted monthly basis, economic activity rose at a softer pace of 1.1% in August (July: +1.4% mom). Meanwhile, annual average economic activity growth rose to 6.8% in August (July: +4.2%), signaling an improving trend.

FocusEconomics panelists see GDP growing 7.7% in 2021, which is up 0.5 percentage points from last month’s forecast. In 2022, GDP is seen expanding 3.1%.


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Chile Economic Activity Chart

Chile Economic Activity August 2021

Note: Year-on-year changes and annual average growth rate in %.
Source: Central Bank of Chile (BCC) and FocusEconomics calculations.

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