GDP reading disappoints markets: Australia’s GDP increased 0.3% in seasonally adjusted quarter-on-quarter terms in Q1, following a 0.9% expansion in...
Economic Growth in Chile
Chile's GDP growth over the last decade was much slower than in the 2000s. The economy experienced steady—albeit muted—growth until 2019. However, the 2019 social unrest and the 2020 COVID-19 pandemic disrupted this trajectory, causing a significant economic contraction. Recovery began in 2021, fueled by rising copper prices and government stimulus measures, though growth slipped back into a moderate growth trajectory from 2022, capped by a recent lack of market-friendly structural reforms.
In the year 2024, the economic growth in Chile was 2.64%, compared to 1.79% in 2014 and 0.52% in 2023. It averaged 2.02% over the last decade. For more GDP information, visit our dedicated page.
Chile GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Chile from 2014 to 2025.
Source: Macrobond.
Chile GDP Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Economic Growth (Real GDP, ann. var. %) | 11.3 | 2.1 | 0.7 | 2.8 | 2.5 |
| GDP (USD bn) | 315 | 301 | 336 | 329 | 357 |
| GDP (CLP bn) | 239,556 | 262,954 | 282,097 | 310,681 | 339,978 |
| Economic Growth (Nominal GDP, ann. var. %) | 19.0 | 9.8 | 7.3 | 10.1 | 9.4 |
Economy rebounds in Q4 2025
GDP reading: Chile's GDP increased 0.6% on a seasonally adjusted quarter-on-quarter basis in Q4, following a 0.3% contraction in the previous quarter.
Private spending and exports spearhead upturn: Relative to the previous period's data, readings in Q4 improved for private consumption (+0.9% on a seasonally adjusted quarter-on-quarter basis vs -0.1% in Q3), exports of goods and services (+5.3% vs -3.1% in Q3) and imports of goods and services (+0.1% vs -0.1% in Q3). In contrast, readings worsened for government consumption (-1.5% vs -0.5% in Q3) and fixed investment (+1.0% vs +3.8% in Q3). On a year-on-year basis, the economy grew 1.6% in Q4, following a 1.7% expansion in the previous quarter.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Chilean GDP projections for the next ten years from a panel of 51 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Chilean GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Chilean GDP projections.
Want to get access to the full dataset of Chilean GDP forecasts? Send an email to info@focus-economics.com.
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