The GDP composition of Chile in 2023 was primarily dominated by the services sector, contributing 43.21%, followed by mining, manufacturing, and utilities at 24.09%. Wholesale and retail trade, along with restaurants and hotels, accounted for 12.24%. Transport, storage, and communication comprised 8.95%, while the construction sector constituted 7.2%. The agriculture, hunting, forestry, and fishing sector represented 4.3% of the GDP. Over the last two years, shifts in these sectors have shown moderate variations. The five-year CAGR analysis indicates a stable growth in the services and mining sectors, significant due to their substantial economic contributions.
Future trends to watch for in Chile’s GDP composition include:
- Technological advancements in services enhancing productivity.
- Potential volatility in the mining sector linked to global commodity prices.
- Growth opportunities in sustainable agriculture driven by environmental concerns.
- Expansion of infrastructure impacting the transport and construction sectors.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 43.21 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 24.09 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 12.24 | 2016 | |
| 4 | 4 Transport, storage and communication | 8.95 | 2016 | |
| 5 | 5 Construction | 7.2 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 4.3 | 2016 |
