Chile GDP Annual Growth Rate

Last Release

Mar 31, 2025

Actual

2.3

Units In

2.3

Frequency

Quarterly

Next Release

Aug 18, 2025

Time to Release

2 Months 28 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
18.1 Jun 2021	-14.2 Jun 2020	3.52 %	1997-2025	Banco Central de Chile

The most important sector of Chilean economy is services. Trade, restaurants and hotels, transport, communications, financial and business services, real estate and personal services account for more than 56 percent of the GDP. Mining constitutes 13 percent of the output with copper representing the biggest part. Manufacturing creates 12 percent of the wealth and construction and water, gas and electricity distribution 11 percent. The government fuels 5 percent of the output and the agriculture and fishing sector accounts for the remaining 3 percent of GDP.

Latest Updates

Chile’s economy expanded by 2.3% year-on-year in the first quarter of 2025, easing from a 4% increase in the previous quarter but slightly above market expectations of a 2% rise. Growth was observed in manufacturing (5.2%), agriculture and forestry (5.2%), and especially in fishing, which saw a surge of 29%. The services sector also contributed positively to the overall expansion. In contrast, the mining sector contracted by 1%, a sharp reversal from the 7.3% growth recorded in Q4 2024. Meanwhile, domestic demand slowed to 1.2% from 4.3% in the prior quarter, weighed down by a decline in household consumption (1.8% vs 2%) and investment (1.4% vs 3.3%). However, public spending rebounded by 3.1%, recovering from a 1.8% contraction. External trade supported growth, with exports rising from 9.2% to 10.7%, while imports declined from 10.2% to 9%. On a seasonally adjusted quarterly basis, the economy contracted by 5.5%, following a 9.4% gain in the fourth quarter of 2024.