Chile Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (H2 2026)

Summary

Following two consecutive years of soft growth, the analyst expects the Chilean construction industry to grow by 3.7% in real terms in 2026, supported by a rise in foreign direct investments (FDI), coupled with favorable interest rates and the government’s focus on renewable energy projects. The Banco Central de Chile reported in early July 2026 that the country received a total inflow of FDI totaling CLP9.6 trillion ($9.9 billion) during the first five months of 2026, marking a sharp increase of 53% year-on-year (YoY). According to the Central Bank, the housing interest rate continued to cool throughout the first half of 2026, with rate falling from 4.12% in January to 3.98% in April, and 3.97% in June 2026. The Ministry of Energy reported 138 energy projects under construction, with a combined value of CLP11.3 trillion ($11.7 billion), as of April 2026. This includes 4.6GW of energy storage projects, 2.3GW of solar projects, and 793MW of wind projects. However, a weaker construction labor market, along with higher energy prices and rising construction material prices, is likely to constrain the output of the Chilean construction industry over the short term.

Over the remainder of the forecast period, Chile’s construction industry is expected to grow at an annual average rate of 4.7% between 2027 and 2030, supported by investment in infrastructure, and water projects, coupled with the government’s target to produce 70% of the country’s electricity from renewable sources by 2030 and become carbon neutral by 2050. In late July 2026, the Ministry of Energy forecasted that the country could install new solar projects ranging from 27GW to 58GW by 2057. In April 2026, the Finnish energy company Korkia announced an investment of around CLP1.2 trillion ($1.3 billion) for the construction of eight energy projects with a combined generation capacity of 2GW.

The analyst’s Construction in Chile - Key Trends and Opportunities to 2030 (H2 2026) report provides detailed market analysis, information, and insights into Chile’s construction industry, including:

Chile’s construction industry's growth prospects by market, project type and construction activity
Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Chile’s construction industry
Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Chile. It provides:

Historical (2021-2025) and forecast (2026-2030) valuations of the construction industry in Chile, featuring details of key growth drivers.
Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level with over 600 time-series data forecasts
Understand the latest industry and market trends
Formulate and validate business strategies using the analyst's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors

1 Executive Summary2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

Outlook
Latest news and developments
Construction Projects Momentum Index

4.2 Commercial Construction

Outlook
Project analytics
Latest news and developments

4.3 Industrial Construction

Outlook
Project analytics
Latest news and developments

4.4 Infrastructure Construction

Outlook
Project analytics
Latest news and developments

4.5 Energy and Utilities Construction

Outlook
Project analytics
Latest news and developments

4.6 Institutional Construction

Outlook
Project analytics
Latest news and developments

4.7 Residential Construction

Outlook
Project analytics
Latest news and developments

5 Key Industry Participants

5.1 Contractors
5.2 Consultants

6 Construction Market Data

7 Appendix

7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology

About the Analyst
Contact Us

List of Tables

Table 1: Construction Industry Key Data
Table 2: Chile, Key Economic Indicators
Table 3: Chile, Construction Materials and Supplies Price Index (IPMIC), (2019=100)
Table 4: Chile, Commercial Construction Output by Project Type (Real % Change), 2021-30
Table 5: Chile, Top Commercial Construction Projects by Value
Table 6: Chile, Industrial Construction Output by Project Type (Real % Change), 2021-30
Table 7: Chile, Top Industrial Construction Projects by Value
Table 8: Chile, Infrastructure Construction Output by Project Type (Real % Change), 2021-30
Table 9: Chile, Top Infrastructure Construction Projects by Value
Table 10: Chile, Energy and Utilities Construction Output by Project Type (Real % Change), 2021-30
Table 11: Chile, Top Energy and Utilities Construction Projects by Value
Table 12: Chile, Institutional Construction Output by Project Type (Real % Change), 2021-30
Table 13: Chile, Top Institutional Construction Projects by Value
Table 14: Chile, Residential Construction Output by Project Type (Real % Change), 2021-30
Table 15: Chile, Top Residential Construction Projects by Value
Table 16: Chile, Key Contractors
Table 17: Chile, Key Consultants
Table 18: Chile Construction Output Value (Real, $ Million)
Table 19: Chile Construction Output Value (Nominal, CLP Billion)
Table 20: GlobalData Construction Market Definitions
Table 21: GlobalData Construction Market Definitions
Table 22: Ratings, Scores and Definitions

List of Figures

Figure 1: Latin America, Construction Output (Real % Change), 2024-30
Figure 2: Chile, Construction Output by Sector (Real % Change), 2024-26 and 2027-30
Figure 3: Chile, Risk Summary
Figure 4: Chile, Risk Regional Comparison
Figure 5: Chile, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021-30
Figure 6: Chile, Construction Output Value, by Sector (Real, $ Million), 2021-30
Figure 7: Chile, Construction Value-add, Chained Volume at Previous Year Prices, Linked Series, Reference 2018 (CLP Billion)
Figure 8: Chile, GFCF Linked Series, Reference 2018 (CLP Billion)
Figure 9: Chile, Number of Workers in the Construction Industry, In Thousands
Figure 10: Chile, Total Area of New Building Permits Issued, in thousand m2
Figure 11: Chile, IMACEC Economic Activity Index (2018=100, % Change YoY)
Figure 12: Chile, Construction Materials and Supplies Price Index (IPMIC), (2019=100)
Figure 13: Chile, Construction Projects Momentum Index
Figure 14: Latin America, Construction Projects Momentum Index
Figure 15: Chile, Commercial Construction Output by Project Type (Real, $ Million), 2021-30
Figure 16: Chile, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 17: Chile, IMACEC Economic Activity Index in the Services Sector, 2018=100
Figure 18: Chile, IMACEC- Economic Activity Index for Wholesale and Retail Trade, 2018=100
Figure 19: Chile, Foreign Tourist Arrivals (In Thousands)
Figure 20: Chile, Industrial Construction Output by Project Type (Real, $ Million), 2021-30
Figure 21: Chile, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Chile, Mining Production Indices, 2018=100
Figure 23: Chile, Copper Production, In Thousand Tons
Figure 24: Chile, Total Exports ($ million) and Copper Export (tons)
Figure 25: Chile, Infrastructure Construction Output by Project Type (Real, $ Million), 2021-30
Figure 26: Chile, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 27: Chile, Monthly Infrastructure Activity IMACINF (Index)
Figure 28: Chile, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2021-30
Figure 29: Chile, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: Chile, Institutional Construction Output by Project Type (Real, $ Million), 2021-30
Figure 31: Chile, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Chile, Residential Construction Output by Project Type (Real, $ Million), 2021-30
Figure 33: Chile, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Chile, Number of Residential Building Permits Issued
Figure 35: Chile, Housing Price Index, 2004=100
Figure 36: Chile, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 37: Chile, Headquarters of Key Consultants (% of Total Project Pipeline)

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