Chile’s gross domestic product (GDP) grew 11.7% during 2021, its largest increase since there is a record. The record result was driven by the gradual opening of the economy after the blow of the COVID-19 pandemic and the increase in demand derived from state aid, reported the Central Bank (BC).
“This growth was a reflection of the gradual opening of the economy and a greater adaptation of households and companies to the health context and its evolution during the year,” explained the monetary authority.
The BC also detailed that the sectors that grew the most in the last year were “commerce and personal services, sectors particularly favored by the greater opening of the economy and the increase in demand.” The rally was also spurred by 12% growth in the fourth quarter of 2021.
According to AFP, the Chilean economy benefited last year, especially from the second quarter, by a gradual opening of activity after the stabilization of the numbers of those infected by coronavirus when a rapid official vaccination program of the population was implemented. population.
The agency also highlights that another important factor is the low comparison base of the previous year, when Chile closed with a drop in GDP of 5.8%and the figure for 2021 also contributed, along with the increase in the value of the price of copper, the main Chilean exportable material, which contributes between 10 and 15% of GDP.
With information from AFP
Source: Larepublica
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