Chile GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Chile's GDP changed from approximately $29B 32M in 1980 to $333B 760M in 2024, showing an overall 1049.6% sharply increased during the period.
The lowest GDP was recorded in 1985 at $17B 360M, and the highest in 2023 at $335B 658M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 5.7%.
For comparison, the average annual growth rate of Argentina was 2.2%, and that of Peru was 6.2%.

Overview of Chile's GDP (1980–2024)

The Gross Domestic Product (GDP) of Chile recorded a 1049.6% sharply increased from 1980 to 2024.
The average GDP during this period was $138B 138M, and the median was $81B 996M.
GDP fluctuated within a range of $318B 298M, with a standard deviation of $108B 580M.
The average annual change was $7B 875M.


Chile GDP from 1980 to 2024

The total market value of goods and services produced annually in Chile.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1985, $17B 360M
    • Highest GDP: 2023, $335B 658M
    • Most Recent GDP: 2024, $333B 760M

    Notable Annual GDP Changes

    • 2021: Significant increase in GDP
    • 2020: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Chile's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $278B 40M → $254B 60M
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $172B 565M → $171B 794M
    • Outcome: remained stable

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $78B 250M → $71B 517M
    • Outcome: declined

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $85B 730M → $81B 996M
    • Outcome: declined

    Key Economic Indicators of Chile (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 29B 32M
    $ 2,598.16
    $ 3,463.85
    $ 38B 706M
    7.945 %
    -6.789 %
    12.37 %
    0 %
    11M 174K people
    1981
    $ 34B 374M
    $ 3,025.97
    $ 3,961.31
    $ 45B
    6.212 %
    -13.769 %
    7.87 %
    0 %
    11M 360K people
    1982
    $ 25B 630M
    $ 2,219.96
    $ 3,576.15
    $ 41B 288M
    -13.588 %
    -8.989 %
    1.47 %
    0 %
    11M 545K people
    1983
    $ 20B 819M
    $ 1,774.68
    $ 3,554.91
    $ 41B 703M
    -2.802 %
    -5.365 %
    4.08 %
    0 %
    11M 731K people
    1984
    $ 20B 246M
    $ 1,698.95
    $ 3,839.25
    $ 45B 751M
    5.886 %
    -10.427 %
    2.30 %
    0 %
    11M 917K people
    1985
    $ 17B 360M
    $ 1,434.43
    $ 3,976.67
    $ 48B 126M
    1.968 %
    -8.139 %
    7.99 %
    0 %
    12M 102K people
    1986
    $ 18B 662M
    $ 1,515.07
    $ 4,208.88
    $ 51B 843M
    5.596 %
    -6.384 %
    10.61 %
    0 %
    12M 317K people
    1987
    $ 22B 10M
    $ 1,756.21
    $ 4,518.04
    $ 56B 624M
    6.581 %
    -3.339 %
    17.48 %
    0 %
    12M 533K people
    1988
    $ 25B 947M
    $ 2,035.34
    $ 4,933.49
    $ 62B 893M
    7.288 %
    -0.892 %
    20.75 %
    0 %
    12M 748K people
    1989
    $ 29B 889M
    $ 2,305.64
    $ 5,576.47
    $ 72B 290M
    10.605 %
    -2.311 %
    29.87 %
    0 %
    12M 963K people
    1990
    $ 33B 231M
    $ 2,521.57
    $ 5,899.56
    $ 77B 749M
    3.671 %
    -1.457 %
    21.43 %
    4.636 %
    13M 179K people
    1991
    $ 38B 249M
    $ 2,849.74
    $ 6,455.96
    $ 86B 652M
    7.804 %
    -0.258 %
    22.60 %
    3.785 %
    13M 422K people
    1992
    $ 46B 597M
    $ 3,392.09
    $ 7,172.08
    $ 98B 523M
    11.167 %
    -2.057 %
    20.20 %
    3.885 %
    13M 737K people
    1993
    $ 49B 855M
    $ 3,572.10
    $ 7,702.63
    $ 107B 504M
    6.589 %
    -5.122 %
    21.70 %
    2.958 %
    13M 957K people
    1994
    $ 57B 517M
    $ 4,058.56
    $ 8,137.46
    $ 115B 323M
    5.03 %
    -2.756 %
    20.07 %
    2.798 %
    14M 172K people
    1995
    $ 74B 119M
    $ 5,153.88
    $ 8,918.44
    $ 128B 258M
    8.933 %
    -1.815 %
    24.75 %
    4.059 %
    14M 381K people
    1996
    $ 78B 575M
    $ 5,387.40
    $ 9,401.28
    $ 137B 116M
    4.985 %
    -3.798 %
    25.32 %
    2.814 %
    14M 585K people
    1997
    $ 85B 730M
    $ 5,799.34
    $ 10,132.90
    $ 149B 792M
    7.392 %
    -4.146 %
    25.08 %
    2.689 %
    14M 783K people
    1998
    $ 81B 996M
    $ 5,475.55
    $ 10,538.19
    $ 157B 808M
    4.181 %
    -4.659 %
    23.40 %
    0.897 %
    14M 975K people
    1999
    $ 75B 596M
    $ 4,985.77
    $ 10,526.30
    $ 159B 603M
    -0.274 %
    0.256 %
    22.49 %
    -1.477 %
    15M 162K people