Private pension spending in Chile has shown both growth and volatility over the past decade. In 2023, it stood at 2.81% of GDP. Over the last two years, the year-on-year variations were +1.51% in 2022 and +1.36% in 2023. The average annual variation for the past five years (CAGR) was 1.77%, indicating steady, albeit moderate, growth.
Looking ahead, private pension spending is forecasted to continue growing, albeit at a slower pace with a forecasted CAGR of 0.76% from 2024 to 2028 and a cumulative growth of 3.87% over the same period. Key trends to monitor include regulatory changes, demographic shifts, and economic conditions in Chile, as these factors could significantly impact private pension spending dynamics.
