FX.co ★ Chile's Economic Activity Slows to 2.1% YOY Growth in November

Chile's economic activity has experienced a slight deceleration, as indicated by a year-over-year growth rate of 2.1% in November 2024, according to recent data updated on January 2, 2025. This marks a decrease from the previous month's growth rate of 2.3% recorded in October 2024—a continuation of a gradual slowdown in the country's economic momentum.

The year-over-year comparison highlights a slight cooling of the Chilean economy as November's growth rate of 2.1% contrasts with October's rate of 2.3%. This data suggests a cautious deceleration, reflecting changes in market conditions or external economic factors impacting Chile's economic landscape.

As the figures for both months are benchmarked against the same months from the previous year, the latest data underlines that while Chile continues to maintain a positive growth trajectory, the pace of growth is showing subtle signs of easing. Economists and policymakers may need to consider these trends in planning for the coming year's economic strategy.