The Tourism Gross Value Added (GVA) in Chile has experienced fluctuating year-on-year variation since 2013. Notably, the years 2015 and 2016 saw significant increases of 9.51% and 7.17% respectively. However, this was followed by declines in 2017 and 2018, with GVA decreasing by 2.79% and 6.73%. The period from 2019 to 2023 has been marked by modest growth, with GVA increasing by around 0.3% to 0.48% each year. As of 2023, the tourism GVA stands at 3.79 units. The forecasted Compound Annual Growth Rate (CAGR) for the next five years is 0.34%, with an overall growth rate of 1.71% projected through 2028.
Future trends to watch for include:
- Exploring the impacts of global economic conditions on tourism spending.
- Monitoring the potential effects of travel restrictions or health advisories.
- Assessing the influence of sustainability practices and eco-tourism trends.
- Identifying emerging tourism markets and new tourist demographics.
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