Chile: economy

Is Chile's economy growing?

Chile's GDP in the second quarter of 2026 was 0.2% smaller in volume than a year earlier, according to the Central Bank of Chile's national accounts tables: 53,211 billion pesos at chained prices against 53,310 billion in the second quarter of 2025. Seasonally adjusted, output was flat compared with the first quarter.

The first quarter of 2026 was also about 0.3% below a year earlier. Quarterly GDP is published by the Central Bank and revised as more data arrive. The monthly Imacec gives an earlier signal of activity between GDP releases.

Official sources: national accounts tables

What is the latest Imacec in Chile?

Chile's Imacec, the Central Bank's monthly index of economic activity, stood at 109.1 in August 2026, about 1.0% below the 110.2 of August 2025, according to the Central Bank of Chile statistics database. The mining component fell to 69.9 from 77.6 in July.

The figures used here are the original series, not seasonally adjusted, so comparisons should be made with the same month a year earlier. The Imacec is published monthly, before quarterly GDP. It is revised when quarterly national accounts are produced.

Official sources: Central Bank of Chile statistics database

What is the inflation rate in Chile?

Chile's consumer price index (IPC) rose 4.1% in the 12 months to September 2026, according to the National Statistics Institute's September 2026 release, published on 8 October. Prices rose 0.4% in the month and 4.0% so far in 2026.

Food and non-alcoholic beverages (0.6%) and transport (0.9%) made the largest positive contributions in September, while insurance and financial services fell 5.9%. The INE publishes the IPC monthly, with tables for each division and product.

Official sources: September 2026 release

What is the Central Bank of Chile's interest rate?

The Central Bank of Chile's monetary policy rate (TPM) is 4.50%, the level shown for every day of 2026 up to 15 October in the bank's statistical database. The standing liquidity facility rate is 4.75% and the standing deposit facility rate 4.25%.

The TPM is the rate the Central Bank targets for overnight interbank loans, and it guides bank lending and deposit rates. The bank's board sets it at scheduled monetary policy meetings and publishes a statement after each one. Consumer price inflation was 4.1% in September 2026, according to the INE.

Official sources: statistical database

How fast is Chile's economy expected to grow in 2027?

The Budget Office (DIPRES) projects real GDP growth of 3.3% in 2027, 0.5 percentage points higher than in its previous report, according to its third-quarter 2026 public finance report, published on 6 October 2026 with the 2027 budget bill.

DIPRES attributes the forecast to investment, a recovery in natural-resource sectors and more dynamic mining. Budget forecasts are the government's assumptions for planning revenue and spending, and can differ from the Central Bank's own projections in its monetary policy report.

Official sources: third-quarter 2026 public finance report

What is Chile's economic growth rate?

The latest figure from the World Bank, for 2025, is 2.5%. Its high point since 2005 was 2021, at 11.3%; its low point was 2020, at -6.1%. Across Latin America & Caribbean the middle value was 2.7%, and Chile placed 20th highest of 31. World rank, highest first: 117th of 180.

What is Chile's GDP per person?

According to the World Bank, GDP per person in Chile was $17,995 in 2025. That is the highest since at least 2005. Across Latin America & Caribbean the middle value was $10,989, and Chile placed 9th highest of 31. World rank, highest first: 58th of 180.

How does Chile's income per person compare after prices?

In 2025, GDP per person at purchasing power parity in Chile was $37,774 in international dollars, according to the World Bank. No year since 2005 has been higher. Across Latin America & Caribbean the middle value was $22,756 in international dollars, and Chile placed 4th highest of 30. Of 179 countries with 2025 data, 54th highest.

What share of Chile's economy is exports?

In 2025, exports of goods and services in Chile was 34.6% of GDP, according to the World Bank. Since 2005 it has ranged from 27.9% of GDP (2019) to 45.1% of GDP (2007). Latin America & Caribbean median: 30.0% of GDP; Chile is 6th highest of 17. World rank, highest first: 70th of 133.

Does Chile earn more abroad than it spends?

The latest figure from the IMF, for 2025, is -1.2% of GDP, which is a deficit. The peak was 5.5% of GDP in 2006 and the low -8.9% of GDP in 2022. Latin America & Caribbean median: -1.2% of GDP; Chile is 14th highest of 27. World rank, highest first: 71st of 132.

How much foreign direct investment goes into Chile?

According to the IMF, net inflows of foreign direct investment in Chile was 4.1% of GDP in 2025. Since 2005 it has ranged from 1.9% of GDP (2017) to 11.9% of GDP (2012). It is 10th highest of 31 in Latin America & Caribbean, where the median is 2.5% of GDP. World rank, highest first: 46th of 179.

What interest rate do banks charge in Chile?

According to the IMF, the average bank lending rate in Chile was 4.2% in 2018. It is the bottom of the series, which starts in 2005. It is 29th highest of 29 in Latin America & Caribbean, where the median is 10.9%. Of 117 countries with 2018 data, 106th highest.