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.