Chile’s economic freedom score is 76.8, making its economy the 15th freest in the 2020 Index. Undisbursed Amount. Index 2015=100, Quarterly, Seasonally Adjusted Q1 2003 to Q2 2020 (Sep 15) Gross Domestic Product by Expenditure in Constant Prices: Exports of Goods and Services for Chile . The economy reported a milder annual contraction of 9.1% after a plunge of 14.5% in the previous quarter and growth of 3.4% a year earlier. The data reached an all-time high of 67.2 % in Dec 1998 and a record low of 51.9 % in Mar 2007. World Economics Limited. All Rights Reserved. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. info)), is a country in western South America.It occupies a long, narrow strip of land between the Andes to the east and the Pacific Ocean to the west. Copper is Chile’s top export and provides 20% of government revenue. Facts and statistics about the GDP - composition by sector of Chile. Similarly, government spending declined at a milder pace of 1.0% in Q1 (Q4 2019: -7.4% yoy). In addition, imports of goods and services contracted at a steeper rate of 8.9% in Q1 (Q4 2019: -7.5% yoy), marking the worst outcome in over five years. Annual GDP Growth (%) Chile. However, seasonally adjusted GDP increased 5.2% from the previous quarter. On a quarterly basis, economic growth rebounded to 3.0% in Q1 from Q4 2019's 4.1% contraction. Gross Domestic Product of Chile fell 13.2 in the second quarter of 2020 compared to the previous quarter. Twitter chile's central bank predicts 2020 gdp to fall 5.75-6.25%, from previous estimate of 4.5% to 5.5% contraction - ipom report Chili PIB Dernier Précédent Le plus élevé Le Plus Bas Unité; Croissance Du Pib 5.20-13.50: 5.20-13.50: Pour Cent My Cart In 3rd quarter 2020, GDP for Chile was 63,230.4 million US dollars. Quarterly, Seasonally Adjusted . Disbursed as of Sep 30, 2020. Chile’s economy rebounded in the third quarter as the country began the reopening process, although it still reported annual contraction. GDP - composition by sector: agriculture: 4.2% (2017 est.) Explore raw data about the World Bank's finances - slice and dice datasets; visualize data; share it with other site users or through social networks; or take it home with a mobile app. About Household spending fell 2.2% year-on-year in Q1 2020, improving from the 3.8% downturn seen in Q4 2019. It is estimated that the application of the latest standard would add US$824 billion. Chile GDP - composition by sector. The Gross Domestic Product (GDP) in Chile was worth 282.30 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Chile gdp per capita for 2019 was $14,896, a 6.46% decline … Finances. None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. GDP Annual Growth Rate in Chile averaged 3.42 percent from 1997 until 2020, reaching an all time high of 9.30 percent in the fourth quarter of 2004 and a record low of -14.50 percent in the second quarter of 2020. Download a sample report now. Disbursed as of Sep 30, 2020. In May 2010 Chile became the first South American country to join the OECD . "Chile: Gross domestic product (GDP) in current prices from 1984 to 2021 (in billion international dollars)." GDP From Agriculture in Chile averaged 682.90 CLP Billion from 1996 until 2020, reaching an all time high of 1976.74 CLP Billion in the first quarter of 2016 and a record low of 193.80 CLP Billion in the third quarter of 1996. Economic Indicators for Chile including actual values, historical data, and latest data updates for the Chile economy. Disbursed Amount. GDP From Agriculture in Chile decreased to 516.76 CLP Billion in the third quarter of 2020 from 839.55 CLP Billion in the second quarter of 2020. "Chile: Growth rate of the real gross domestic product (GDP) from 2015 to 2025 (compared to the previous year)." Data are in current U.S. dollars. From 2003 through 2013, real growth averaged almost 5% per year, despite a slight contraction in 2009 that resulted from the global financial crisis. April 28, 2020. Percent Change from Year Ago, Quarterly, Seasonally Adjusted Q1 2004 to Q2 2020 (Sep 15) GDP Implicit Price Deflator in Chile . Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). services: 63% (2017 est.) GDP From Transport in Chile decreased to 1265.28 CLP Billion in the second quarter of 2020 from 1872.73 CLP Billion in the first quarter of 2020. Label. This rate is 162 -tenths of one percent less than in the previous quarter, when changed 3%. During 2019 and 2020, the World Bank Group has been working with Chile’s Ministry of Social and Family Development, which is leading the implementation of a new local social management methodology in municipalities. Chile GDP (Gross Domestic Product) was INT$442.92billion for 2019 in PPP terms. Never miss out on our latest data, analysis and industry events. The new campaign by Chile’s National Tourism Service (Sernatur) aims to make tourism the third largest sector of the country’s gross domestic product (GDP) by 2020. Household spending fell 2.2% year-on-year in Q1 2020, improving … The US and China's margin is coming down in nominal ranking as China's gdp growth rate of 2020 (1.85%) is much higher than the US's -4.27%.