Source: world bank Nominal/PPP
Summary:
Chile GDP Per Capita expanded from 1960 to 2024, increasing from $4.21 to $330.27 .The compound annual growth rate (CAGR) averaged 7.05% over the period. The economy recorded its peak level in 2023 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 54.7%, indicating the largest cyclical decline from peak levels. The country experienced 12 recession episode(s) during the observed period.
Chile Economic Phases (1960 - 2024)
From 1960 to 2024, Chile economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1962) indicating robust economic expansion
- High Growth (1969–1973) indicating robust economic expansion
- High Growth (1976–1981) indicating robust economic expansion
- High Growth (1986–1997) indicating robust economic expansion
- Contraction (1998–1999) indicating temporary slowdown
- Contraction (2001–2002) indicating temporary slowdown
- High Growth (2003–2007) indicating robust economic expansion
- High Growth (2010–2012) indicating robust economic expansion
- Contraction (2014–2015) indicating temporary slowdown
- High Growth (2017–2018) indicating robust economic expansion
- Contraction (2019–2020) indicating temporary slowdown
- Contraction (2024–2024) indicating temporary slowdown
The most remarkable growth occurred in 1973 with an increase of 42.959%, while the largest decline was in 1975 at -52.894%.