In 2024, Brazil and Mexico were expected to be the countries with the largest gross domestic product (GDP) in Latin America and the Caribbean. In that year, Brazil's GDP could reach an estimated value of 2.4 trillion U.S. dollars, whereas Mexico's amounted to almost two trillion U.S. dollars. GDP is the total value of all goods and services produced in a country in a given year. It measures the economic strength of a country and a positive change indicates economic growth.

Guyana was the South American country 20360the highest gross national income per capita, with 20,360 U.S. dollars per person in 2023. Uruguay ranked second, registering a GNI of 19,530 U.S. dollars per person, based on current prices. Gross national income (GNI) is the aggregated sum of the value added by residents in an economy, plus net taxes (minus subsidies) and net receipts of primary income from abroad. Which are the largest Latin American economies? Based on annual gross domestic product, which is the total amount of goods and services produced in a country per year, Brazil leads the regional ranking, followed by Mexico, Argentina, and Chile. Many Caribbean countries and territories hold the highest GDP per capita in this region, measurement that reflects how GDP would be divided if it was perfectly equally distributed among the population. GNI per capita is, however, a more exact calculation of wealth than GDP per capita, as it takes into consideration taxes paid and income receipts from abroad. How much inequality is there in Latin America? In many Latin American countries, more than half the total wealth created in their economies is held by the richest 20 percent of the population. When a small share of the population concentrates most of the wealth, millions of people don't have enough to make ends meet. For instance, in Brazil, about 5.32 percent of the population lives on less than 3.2 U.S. dollars per day.

Chile GDP for 2023 was 335.53 billion US dollars, a 11.06% increase from 2022.

<ul style='margin-top:20px;'>

<li>Chile GDP for 2022 was <strong>302.12 billion US dollars</strong>, a <strong>4.25% decline</strong> from 2021.</li>
<li>Chile GDP for 2021 was <strong>315.52 billion US dollars</strong>, a <strong>24.2% increase</strong> from 2020.</li>
<li>Chile GDP for 2020 was <strong>254.04 billion US dollars</strong>, a <strong>8.71% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Chile CL: GDP: USD: Gross National Income per Capita: Atlas Method data was reported at 15,800.000 USD in 2023. This records an increase from the previous number of 15,470.000 USD for 2022. Chile CL: GDP: USD: Gross National Income per Capita: Atlas Method data is updated yearly, averaging 3,240.000 USD from Dec 1962 (Median) to 2023, with 62 observations. The data reached an all-time high of 15,800.000 USD in 2023 and a record low of 590.000 USD in 1962. Chile CL: GDP: USD: Gross National Income per Capita: Atlas Method data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Chile – Table CL.World Bank.WDI: Gross Domestic Product: Nominal. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

This dataset is about countries per year in Chile. It has 1 row and is filtered where the date is 2021. It features 4 columns: country, GDP, and urban population.

Key information about Chile Nominal GDP

• Chile Nominal GDP reached 69.1 USD bn in Sep 2022, compared with 77.4 USD bn in the previous quarter.
• Nominal GDP in Chile is updated quarterly, available from Mar 1990 to Sep 2022, with an average number of 37.2 USD bn.
• The data reached an all-time high of 81.3 USD bn in Dec 2021 and a record low of 7.7 USD bn in Mar 1990.

CEIC converts quarterly Nominal GDP into USD. The Central Bank of Chile provides Nominal GDP in local currency based on SNA 2008 with benchmark year 2018. The Central Bank of Chile average market exchange rate is used for currency conversions. Nominal GDP prior to Q1 1996 is based on SNA 1993 with benchmark year 2003


Related information about Chile Nominal GDP

• In the latest reports, Chile GDP contracted 0.1 % YoY in Sep 2022.
• Its GDP deflator (implicit price deflator) increased 6.2 % in Sep 2022.
• Chile GDP Per Capita reached 16,054.4 USD in Dec 2021.
• Its Gross Savings Rate was measured at 14.8 % in Sep 2022.
• For Nominal GDP contributions, Investment accounted for 27.3 % in Sep 2022.
• Public Consumption accounted for 14.6 % in Sep 2022.
• Private Consumption accounted for 65.2 % in Sep 2022.

Chile CL: Market Capitalization: Listed Domestic Companies: % of GDP data was reported at 94.411 % in 2022. This records an increase from the previous number of 82.255 % for 2021. Chile CL: Market Capitalization: Listed Domestic Companies: % of GDP data is updated yearly, averaging 92.687 % from Dec 1991 (Median) to 2022, with 32 observations. The data reached an all-time high of 157.474 % in 2010 and a record low of 63.259 % in 1998. Chile CL: Market Capitalization: Listed Domestic Companies: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Chile – Table CL.World Bank.WDI: Financial Sector. Market capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end of year values.;World Federation of Exchanges database.;Weighted average;Stock market data were previously sourced from Standard & Poor's until they discontinued their 'Global Stock Markets Factbook' and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

Historical dataset showing Chile gdp growth rate by year from 1961 to 2023.

Historical dataset showing Chile trade to gdp ratio by year from 1960 to 2023.

Key information about Chile Government Debt: % of GDP

• Chile Government debt accounted for 44.0 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 40.9 % in the previous quarter.
• Chile government debt to GDP ratio data is updated quarterly, available from Mar 2002 to Sep 2024.
• The data reached an all-time high of 44.0 % in Sep 2024 and a record low of 3.3 % in Jun 2008.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Chilean Budget Estimation Directory provides Government Debt in USD. The Central Bank of Chile provides Nominal GDP in local currency. The Central Bank of Chile average market exchange rate is used for currency conversions. Government Debt covers Central Government only.


Related information about Chile Government Debt: % of GDP

• In the latest reports, Chile National Government Debt reached 141.5 USD bn in Sep 2024.
• The country's Nominal GDP reached 86.4 USD bn in Mar 2023.

Historical dataset showing Chile debt to gdp ratio by year from 1995 to 2000.

Key information about Chile GDP Per Capita

• Chile Gross Domestic Product (GDP) per Capita reached 15,158.291 USD in Dec 2022, compared with 16,038.328 USD in Dec 2021.
• Chile GDP Per Capita data is updated yearly, available from Dec 1960 to Dec 2022, with an average number of 2,855.046 USD.
• The data reached an all-time high of 16,038.328 USD in Dec 2021 and a record low of 468.864 in Dec 1960.
• CEIC calculates GDP per Capita from quarterly Nominal GDP and monthly Population and converts it into USD. The Central Bank of Chile provides Nominal GDP in local currency based on SNA 2008 with benchmark year 2018. The National Institute of Statistics provides Population. The Central Bank of Chile average market exchange rate is used for currency conversions. GDP Per Capita prior to 2005 is calculated from Population sourced from the International Monetary Fund. Nominal GDP prior to 1996 is based on SNA 1993 with benchmark year 2003 and prior to 1986 is based on SNA 1968 with benchmark year 1977.

Related information about Chile GDP Per Capita data

• In the latest reports, Chile GDP contracted 2.155 % YoY in Dec 2022.
• Chile Nominal GDP reached 77.410 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 8.013 % in Dec 2022.
• Gross Savings Rate of Chile was measured at 16.811 % in Dec 2022.

In 2021, Chile was the country that spent the highest share of its gross domestic product (GDP) on higher education, reaching 2.4 percent. Of this, 1.5 percent came from private sources. The United States followed behind with its total spending reaching 2.4 percent of its GDP. On the other hand, higher education spending in Saudi Arabia only amounted to 0.3 percent of its GDP. To find out more about the expenditure on higher education per student in selected countries worldwide, please click here.

The current health expenditure as a share of the GDP in Chile was forecast to continuously decrease between 2024 and 2029 by in total 0.1 percentage points. According to this forecast, in 2029, the share will have decreased for the ninth consecutive year to 8.78 percent. According to Worldbank health spending includes expenditures with regards to healthcare services and goods. It is depicted here in relation to the total gross domestic product (GDP) of the country or region at hand.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the current health expenditure as a share of the GDP in countries like Paraguay and Argentina.

The ratio of military expenditure to gross domestic product (GDP) in Chile increased by 0.1 percentage points (+6.45 percent) compared to the previous year. In total, the ratio amounted to 1.63 percent in 2023. This increase was preceded by a declining ratio.These figures refer to the total amount of money spent on a country's military, as a share of its gross domestic product (GDP). These figures apply to current expenditure on a country's armed forces, including peacekeeping forces and defense ministries, among others.Find more key insights for the ratio of military expenditure to gross domestic product (GDP) in countries like Uruguay and Argentina.

Chile CL: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 9.206 % in 2023. This records a decrease from the previous number of 9.473 % for 2022. Chile CL: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 18.285 % from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 29.551 % in 1974 and a record low of 8.525 % in 2021. Chile CL: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Chile – Table CL.World Bank.WDI: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

Key information about Chile Foreign Direct Investment: % of GDP

• Chile Foreign Direct Investment (FDI) registered a growth equal to 4.7 % of the country's Nominal GDP in Sep 2024, compared with a growth equal to 5.6 % in the previous quarter.
• Chile Foreign Direct Investment: % of Nominal GDP data is updated quarterly, available from Mar 2003 to Sep 2024.
• The data reached an all-time high of 19.8 % in Dec 2011 and a record low -4.0 % in Dec 2021.

CEIC calculates Foreign Direct Investment as % of Nominal GDP from monthly Foreign Direct Investment and quarterly Nominal GDP. The Central Bank of Chile provides Foreign Direct Investment in USD and Nominal GDP in local currency. The Central Bank of Chile average market exchange rate is used for currency conversions.


Related information about Chile Foreign Direct Investment: % of GDP

• In the latest reports of Chile, Current Account recorded a deficit of 3.1 USD bn in Sep 2024.
• Foreign Direct Investment (FDI) increased by 344.9 USD mn in Sep 2024.
• Chile Direct Investment Abroad fell by 442.2 USD mn in Sep 2024.
• Its Foreign Portfolio Investment increased by 261.8 USD mn in Jun 2024.
• The country's Nominal GDP was reported at 86.4 USD bn in Mar 2023.

Chile CL: GDP: PPP data was reported at 644,866.253 Intl $ mn in 2023. This records an increase from the previous number of 604,411.920 Intl $ mn for 2022. Chile CL: GDP: PPP data is updated yearly, averaging 263,699.084 Intl $ mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 644,866.253 Intl $ mn in 2023 and a record low of 59,203.042 Intl $ mn in 1990. Chile CL: GDP: PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Chile – Table CL.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. This indicator provides values for gross domestic product (GDP) expressed in current international dollars, converted by purchasing power parity (PPP) conversion factor. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. PPP conversion factor is a spatial price deflator and currency converter that eliminates the effects of the differences in price levels between countries. From April 2020, “GDP: linked series (current LCU)” [NY.GDP.MKTP.CN.AD] is used as underlying GDP in local currency unit so that it’s in line with time series of PPP conversion factors for GDP, which are extrapolated with linked GDP deflators.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;

Chile CL: GDP: USD: Gross National Income: Atlas Method data was reported at 310.628 USD bn in 2023. This records an increase from the previous number of 302.413 USD bn for 2022. Chile CL: GDP: USD: Gross National Income: Atlas Method data is updated yearly, averaging 45.372 USD bn from Dec 1962 (Median) to 2023, with 62 observations. The data reached an all-time high of 310.628 USD bn in 2023 and a record low of 5.022 USD bn in 1962. Chile CL: GDP: USD: Gross National Income: Atlas Method data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Chile – Table CL.World Bank.WDI: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;

Chile CL: GDP: % of GDP: Gross Value Added: Agriculture data was reported at 3.863 % in 2020. This records an increase from the previous number of 3.611 % for 2019. Chile CL: GDP: % of GDP: Gross Value Added: Agriculture data is updated yearly, averaging 6.664 % from Dec 1960 (Median) to 2020, with 61 observations. The data reached an all-time high of 10.504 % in 1960 and a record low of 3.305 % in 2012. Chile CL: GDP: % of GDP: Gross Value Added: Agriculture data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Chile – Table CL.World Bank.WDI: Gross Domestic Product: Share of GDP. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.