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The service sector is the largest contributor to Chile's economy, representing more than ** percent of the country's gross domestic product (GDP) each year. In 2023, both financial and business services as well as personal services contributed more than ** trillion Chilean pesos to the national economy.

Mining as an essential part of GDP

Although more than half of Chile's GDP comes from the tertiary sector, mining activity remains a crucial part of the country's economy. In 2023, mining contributed nearly ** billion U.S. dollars to Chile's gross domestic product (GDP), representing approximately **** percent of the national GDP. More than ** percent of this amount was generated specifically by copper mining, which is not surprising considering that Chile is the world leader in the production of this strategic mineral.

The regional composition of GDP

It is common for a country's capital to concentrate most of the population and economic activity. Chile takes this trend to the extreme, as nearly ** percent of its GDP is generated by the Santiago Metropolitan Region, approximately ** percentage points more than Antofagasta, the country's second-largest economic contributor. In contrast, the Aysén region accounts for only **** percent of the national total, which is attributed to the fact that its main economic activities are livestock farming and the forestry industry.