The value added by Wholesale, Retail Trade, Restaurants, and Hotels in Chile showed notable fluctuations from 2013 to 2023, characterized by periods of decline and recovery. In 2023, the value stood at 33.578 Billion US Dollars, marking a modest year-on-year increase of 2.28%. Over the past five years, the sector experienced an average annual growth rate (CAGR) of 2.5%, suggesting a steady, albeit slow, recovery pace since the drop in 2020 driven by the pandemic.
Looking forward, the forecasted data suggest continued growth, with a projected value of 37.392 Billion US Dollars by 2028. This implies an average annual growth rate (CAGR) of 1.75% over the next five years, reflecting moderate but consistent expansion.
Future trends to watch for:
- Impact of digital transformation in retail and hospitality sectors.
- Shifts in consumer behavior post-pandemic.
- Economic policies and their influence on business environments.
- Potential supply chain disruptions and their effects on trade.
