Agriculture Sector Contribution to GDP in Chile (1990-2022)

Agriculture Sector Contribution to GDP in Chile (1990-2022)

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TGM StatBox. (2024). Agriculture Sector Contribution to GDP in Chile (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Chile
Published date: 2024
Note: Agriculture (% of GDP), according to World Development Indicators, measures the contribution of the agricultural sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of activities such as farming, forestry, and fishing, indicating the value generated by agriculture relative to the overall economy.
Key Takeaways
Chile's agriculture sector contribution to GDP saw a steady decline from 9.3% in 1991 to about 3.5% by 2022. The reduction reflects Chile’s economic evolution toward mining, services, and technology, sectors that have gained prominence since the 1990s. Despite this decline, agriculture remains a key part of Chile's economy, with exports such as fruits, vegetables, and wine serving as major revenue sources.

In recent years, agriculture’s contribution has hovered around 3.5-4%, showing a stable presence despite a diversified economic structure. Notable peaks, like the increase to 4.3% in 2017, may be tied to favorable weather conditions and high demand for Chilean produce in global markets, particularly in Asia and North America.

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