The volume of road motor vehicle traffic in Chile has seen considerable fluctuations in recent years. In 2023, the traffic volume stood at 54.93 billion vehicle-kilometers. From 2018 to 2023, the on-year variations were notable: a surge in 2019 with a 37.04% increase, a decline in 2020 by -16.99%, and subsequent rebounds in 2021 (26.19%) and 2022 (9.2%), followed by a moderated growth rate of 5.23% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years is 4.57%, indicating a steady upward trend.
Future trends to watch for:
- Technological advancements in vehicle efficiency and electrification.
- Infrastructure improvements and expansions which could affect traffic volumes.
- Policy and regulation changes regarding emissions and traffic management.
- Potential economic fluctuations affecting vehicle usage patterns.
