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