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%.

Chile GDP from 1980 to 2024

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

Change Chart

    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.


    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