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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
