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

Chile’s services sector expanded from 47.1% in 1990 to 59% in 2016, fueled by gradual economic diversification beyond mining and agriculture. This steady increase reflects growing investment in financial services, education, and technology. The early 2000s saw fluctuations due to global economic shifts, but by 2008, the services sector rose to 54.4%, showing resilience during the financial crisis. From 2013 to 2019, the sector stabilized above 57%, with the COVID-19 pandemic leading to a slight dip in 2020 to 56.3%. Recent years show a minor decrease, ending at 54.3% in 2022, reflecting a modest shift back toward primary and secondary sectors.