Analysis by Region - Emerging Markets - Chile

Our 2025 GDP growth forecast for Chile remains unchanged at 2.4%, primarily driven by private consumption and supported by declining inflation and flexible financial conditions. Yet, we slightly revised our 2026 GDP growth forecast down by 0.1ppt to 2.3%. The abrupt global increase in tariffs and escalating policy uncertainty negatively impacted global economic prospects, with risks tilted to the downside if US trade policies worsen.


Chile: External shocks challenge Chile's outlook
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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