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Chile Debt to GDP Ratio

Chile's government debt-to-GDP ratio hit a record high of 41.7% in 2024, up from 39.4% in 2023. This increase stems from a widening fiscal deficit to 2.9% of GDP, driven by higher government spending and revenue collection that missed targets. Revenues grew by 0.5% year-to-date versus a 5.3% forecast. Chile's record low government debt to GDP was 12.7% in 2013 and record high was 41.7% in 2024.

Yearly Historical Data (2013-2024)

(in %)
Year Debt to GDP Ratio
2024 41.7%
2023 39.4%
2022 37.8%
2021 36.4%
2020 32.4%
2019 28.3%
2018 25.8%
2017 23.6%
2016 21%
2015 17.3%
2014 15%
2013 12.7%
Chile Debt to GDP Ratio : Definition
Chile's government debt to GDP shows its debt relative to economic output. It's calculated as total government debt divided by gross domestic product, often expressed as a percentage. A lower ratio suggests stronger fiscal health.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -1.5% -3.2% Dec'24
Interest Rate 4.75% 4.75% Sep'25
Private Credit (% GDP) 103.39% 109.49% 2024