National Debt (% of GDP): Chile

Analysis# Chile National Debt (% of GDP) Chile's national debt reached 43.7% of GDP in 2026, matching its all-time peak. The country has experienced a dramatic rise from 3.9% in 2007, representing an increase of 39.8 percentage points over two decades. Since 1991, Chile's debt burden has grown 17.8 percentage points, reflecting shifting fiscal dynamics despite the nation's historical reputation for economic stability. The acceleration intensified after 2017, when debt stood at 23.7%. Annual increases averaged roughly 2 percentage points yearly through 2026, with particularly steep jumps during 2020–2021 (likely reflecting pandemic-related spending). The consistent upward trajectory shows no signs of reversal in current projections, suggesting sustained fiscal pressures will define Chile's economic outlook through the remainder of the decade.