The road infrastructure spending in Chile has experienced significant fluctuations over the past decade. Between 2013 and 2022, there were notable year-on-year variations, with a substantial dip in 2018 by 10.41% and a sharp decline of 18.55% in 2020, followed by another steep drop of 17.02% in 2021. However, spending rebounded significantly in 2022 with a 44.02% increase and continued to rise by 4.99% in 2023, reaching 2.05 billion Euros. The forecasted data for 2024 to 2028 indicates moderate growth, resulting in an average annual growth rate (CAGR) of 0.81% over the next five years and an overall growth rate of 4.14%.
Despite the recent recovery in 2022 and 2023, the future trends to watch for include:
- Government policy shifts and allocation of budget towards infrastructure projects.
- Economic factors such as inflation, GDP growth, and foreign investments.
- Technological advancements in construction and infrastructure management.
- Impact of global economic trends and potential disruptions like pandemics or geopolitical tensions.
