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Chile has a modern and developed food and beverage processing industry. The Chilean food sector is the second most relevant export sector in the country after mining.
After a nearly six percent decrease in GDP in 2020, the Chilean economy grew by 11.7 percent in 2021 and by 2.4 percent in 2022. In 2023, the Chilean Central Bank projects a contraction in GDP that will range between 0.75 and 1.75 percent.