Chile has witnessed fairly strong economic growth over the past decade (2005-2015), at around 3.8%. Growth has been propped-up by the country’s copper mining and processing industry. The state-owned Codelco, is the largest copper producer in the world, but has recently witnessed a mild slowdown due to oversupply. However, total copper production in Chile is still three times higher than that of the second largest producer, China.
gasworld Business Intelligence forecasts continued strong growth over the coming five-year period. Growth levels witnessed over the past decade will cannot be expected to continue, as much of this was attributable to Linde SMR coming on-stream in 2006. However, average annual growth of between 4.1% p.a., and 4.6% can still be expected up to 2020.
Report Data: 2015