The data indicates a consistent year-on-year increase in arable land and permanent crops in Chile from 2013 to 2023, with minor fluctuations. In 2023, the value stood at 18.24 thousand square kilometers. The average year-on-year variation was approximately 0.34%, with a 5-year CAGR of 0.33% by 2023. Future trends point to a slightly lower growth rate, with a 5-year forecasted CAGR of 0.24%, translating to a forecasted growth of 1.22% from 2024 to 2028.
Future trends to watch for:
- Potential impacts of climate change on arable land availability.
- Technological advancements in agriculture increasing land efficiency.
- Policy changes affecting land use regulations and agricultural investments.
