The value added of business services in Chile has exhibited a steady increase over the past decade, reaching 93.377 trillion Chilean Pesos in 2023. From 2013 to 2023, the annual year-on-year growth rate ranged from 3.17% to 9.77%, indicating consistent expansion. Over the last five years leading to 2023, the compound annual growth rate (CAGR) averaged 3.41%, signaling a deceleration compared to earlier years. The forecast for 2024 and beyond indicates a more moderate growth trajectory, with a projected five-year CAGR of 2.13% and an overall growth rate of 11.11% by 2028.

Future trends to watch for:

Potential shifts in global economic conditions that could impact business service demands.
Technological advancements and digital transformation influencing service efficiency and productivity.
Government policies and investments in infrastructure that could drive sector growth.
Changes in market dynamics and competition within the business services sector.