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LatinNews Daily - 19 March 2025
In brief: Chile records GDP growth in 2024
*Chile’s central bank (BCCh) has released its latest GDP figures, revealing 2.6% GDP growth in 2024, a significant improvement from the 0.5% growth recorded in 2023. According to the report, this expansion was “driven primarily by exports”, which grew by 6.6%. In terms of sectors, the key contributors to GDP growth were transportation (+6.8%), mining (+5.2%) - boosted by increased copper and lithium production -, trade (+5.1%), and personal services (+3.0%). In contrast, financial services (-0.9%) and business services (-0.6%) recorded the largest year-on-year declines. In comments to the press, Finance Minister Mario Marcel emphasised the positive results, stating “these figures help us close 2024 as a year in which Chile regained its path to growth”. Meanwhile, President Gabriel Boric celebrated the results on social media, posting: “Chile is growing”.
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