Arica and Parinacota led regional GDP growth in the second quarter of 2022

Arica and Parinacota led regional GDP growth in the second quarter of 2022
Arica and Parinacota led regional GDP growth in the second quarter of 2022
The Arica and Parinacota region had an expansion of 8.7% in the second quarter. AGENCY ONE/FILE

September 23, 2022 10:13 a.m.

The Central Bank (BC) delivered this Friday preliminary information on the National Accounts, during the second quarter of 2022, which detected that 13 of the 16 regions of the country had a growth in the Gross Domestic Product (GDP).

According to the issuing entity, in this part of the year a growth of 5.4% was registered for the country. For its part, household consumption increased in all regions, registering twelve-month growth of 7.7% for the country as a whole.

In the results by macro zone, all of them had a positive impact on the country’s results, with the Metropolitan Region standing out, followed by the north and center zones. The southern zone was the one with the lowest incidence in the national result.

The fastest growing region was Arica and Parinacota (8.7%), while Atacama (-1.6%) and Coquimbo (-4.0%) presented falls. Tarapaca did not record variation.

Growth by region

Arica and Parinacota

The northern gate of Chile registered a growth of 8.7%, a result explained mainly by services. In line with the above, household consumption in the region grew 7.0%, explained by services, and with negative effects from the components of durable and non-durable goods.

Tarapaca

The activity of the Tarapacá region did not register variation. This was the reflection of the negative results of mining that offset the positive contributions of the rest of the activities in the region. Household consumption expanded 8.5%, driven by services.

Antofagasta

Antofagasta grew 4.7%. The result was explained by the contributions of mining and services. For its part, household consumption registered a rise of 5.5%, positively influenced by the services component and negatively by spending on durable and non-durable goods.

Atacama

The Atacama region presented a fall of 1.6%, mainly associated with the results of mining. For its part, household consumption grew 5.1%, a result that was explained by spending on services.

Coquimbo

Coquimbo presented a decrease of 4.0%. This result was explained by the negative effect of mining, which was partly offset by the positive impact of services. The 2.1% growth in household consumption was explained by services, partly offset by the negative effects of spending on durable and non-durable goods.

Valparaiso

The Valparaíso region expanded 8.2%. This result was mainly explained by the services component. As for the 9.8% growth in household spending, this was explained by both the consumption of services and non-durable goods.

Metropolitan

In the Metropolitan Region, the growth of 7.3% was explained by services. The growth in household consumption of 7.4% was also driven by services, followed by spending on non-durable goods.

O’Higgins

The O’Higgins region presented a positive variation of 0.7%. This result was explained by the contributions of the components of services, trade and other goods, which were partially offset by mining and the manufacturing industry. Household consumption grew 10.1%, mainly influenced by the dynamism of spending on services.

Maule

The Maule region exhibited a variation of 1.2%, reflecting the contribution of services, which was partially offset by the rest of goods. Household consumption grew 3.5%, influenced by the consumption of services.

cloudy

The Ñuble region grew 4.7%, a result driven by services, in the same way, the 4.4% growth in household consumption reflected the increase in services.

biobio

In Biobío, the GDP expanded by 2.7% influenced by services. Similarly, the 4.6% growth in household consumption was associated with the services component.

Araucania

The Araucanía region grew by 5.9%, mainly influenced by service activities. For its part, household consumption expanded 7.3%, reflecting the contributions of services and, to a lesser extent, of non-durable goods.

The rivers

The Los Ríos region registered a growth of 5.7%, as a reflection of service activities. For its part, household consumption grew 7.2%, also highlighting the incidence of spending on services.

The lakes

The Los Lagos region expanded 6.1%, in line with services. For its part, household consumption grew 4.2%, explained by spending on services, and partially offset by the components of durable and non-durable goods.

Aysen

Aysén presented an increase of 5.8%, explained by the activities of services and other goods. Household consumption grew 4.8%, influenced by the services component and offset, to a lesser extent, by the consumption of durable goods.

Magellan

The Magallanes region registered a growth of 2.3%, which was mostly explained by the provision of services, which was partly offset by the performance of the manufacturing industry. From the perspective of expenditure, household consumption registered a growth of 7.6% as a result of the dynamism of services.

The article is in Spanish

Tags: Arica Parinacota led regional GDP growth quarter

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