From 2013 to 2023, the production volumes of business services in Chile have experienced a generally steady increase, reaching 135.44 Trillion Chilean Pesos in 2023. The year-on-year growth rates fluctuated, with notable declines in 2020 due to global economic challenges, but recovered significantly in 2021. The compound annual growth rate (CAGR) averaged 1.45% over the last five years, indicating moderate growth.
Looking ahead, the forecast for 2024 to 2028 suggests a continued upward trend, though at a slower pace, with an average annual growth of 1.15%. The overall production volume is expected to increase by 5.89% over the next five years.
Future trends to watch for include:
- Impacts of global economic conditions on local business services.
- Technological advancements and digital transformation within the sector.
- Potential regulatory changes affecting operational dynamics.
- Increasing demand for specialized business services.
