Forecast: Financial Services and Insurance Real Value Added in Chile

The financial services and insurance sector's real value added in Chile had a high of 6.84 units in 2013, followed by a series of fluctuations with a notable decline to 2.05 units in 2017. By 2023, the sector stood at 3.91 units. From this point, forecasts indicate a decline, with values reaching 3.51 units in 2028.

Year-on-year variations highlight a consistent decline over the last two years, and the five-year compound annual growth rate (CAGR) projects a negative average variation of -1.73% per year from 2023 to 2028.

Future trends to watch for include:

• Impact of regulatory changes and policy adjustments on the sector.
• Adoption of digital technologies and fintech solutions.
• Shifts in consumer behavior and preferences post-pandemic.
• Economic factors such as inflation rates and currency stability.