Cile Tasso di Crescita annuale del PIL

Chile's economy grew 0.4% year-on-year in Q4 2023, following a 0.6% expansion in the prior three-month period and above market forecasts of a 0.2% increase. Government spending rose, albeit at a slower pace (0.4% vs 1.8% in Q3), while household consumption dropped at a slower rate (-2.5% vs -4.4%). On the external side, exports (-1.2% vs -0.4%) fell much less than imports (-8.1% vs -10.3%). In the meantime, gross fixed capital formation declined at a stronger pace (-5.7% vs -2.9%). On the production side, manufacturing continued to expand (2.9% vs 1%) while output contracted for agriculture and forestry (-2.5% vs 11.6%) and mining (-2.5% vs 3.5%), namely copper production (-4.3% vs 2.1%). On a seasonally adjusted quarterly basis, Chile's GDP edged up 0.1% in Q4, easing from an upwardly revised 0.8% rise in the previous quarter and above market estimates of a 0.2% expansion. Considering the full 2023, the GDP rose 0.2%.