Chile: Chile Ag and Economic Outlook

  |   Attaché Report (GAIN)   |   CI2023-0001

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Chile: Chile Ag and Economic Outlook

After a nearly six percent decrease in GDP in 2020, the Chilean economy grew by 11.7 percent in 2021 and by 2.4 percent in 2022. In 2023, the Chilean Central Bank projects a contraction in GDP that will range between 0.75 and 1.75 percent. For agricultural producers and processors, ongoing political and economic uncertainty complicates investment and production decisions, while drought and a changing climate force adaptation. Despite the challenges, the Chilean agricultural sector has proven resilient and remained focused on creating efficiencies and developing new markets for their products.

Exporting
Western Hemisphere, Chile

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