Fiscal Balance in Chile
Chile's fiscal deficit varied notably over the last decade. Early in the decade, high copper prices and robust economic growth contributed to a healthy fiscal position. However, declining commodity prices, social spending increases and the COVID-19 pandemic led to a growing deficit in later years. Following a one-off surplus in 2022, the budget slipped back into deficit in 2023 and 2024, though the fiscal shortfall remained manageable.
The fiscal balance in Chile averaged -2.8% of GDP in the decade to 2022, above the Latin America average of -4.7% of GDP. The fiscal balance in 2022 was 1.1% of GDP. For more fiscal balance information, visit our dedicated page.
Chile Fiscal Balance Chart
Note: This chart displays Fiscal Balance (% of GDP) for Chile from 2014 to 2024.
Source: Macrobond.
Chile Fiscal Balance Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -7.3 | -7.7 | 1.1 | -2.4 | -2.8 |
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