The number of self-employed people in the accommodation and food services sector in Chile has grown significantly from 80.97 thousand units in 2013 to 126.97 thousand units in 2023. The growth has shown some fluctuations, notably a dip in 2014 by 6.12% and in 2019 by 10.37%, followed by positive rebounds. In the last two years, there was a consistent increase with 3.67% in 2022 and 3.47% in 2023. The last five-year CAGR from 2018 to 2023 stands at 1.71%.
Looking forward, the sector is forecasted to reach 147.03 thousand units by 2028, indicating a 5-year CAGR of 2.31% and a total growth rate of 12.12%. This suggests a steady, yet moderate growth trajectory in the number of self-employed individuals in this sector.
Future trends to watch for:
- The impact of economic conditions and policy changes on self-employment rates.
- Technological advancements and their influence on business operations in accommodation and food services.
- Shifts in consumer behavior and preferences post-pandemic.
- Potential growth in tourism and its effects on the sector's expansion.