Interwar period: mining index Americas 1923-1944, by country

The economic instability of the Great Depression spread into virtually all areas of the economy, and downturn in the U.S. created a ripple effect that spread to countries all over the world. The mining industry in Chile, which has historically been one of the most important sectors of the economy, suffered massively during the Great Depression, as decreased international demand and higher tariffs saw exports to its major trading partners (Germany, the UK, and the U.S.) fall sharply. Chile's mining output in 1932 was just a quarter of its level in 1929. Mining in both the U.S. and Canada also fell during this time, and it was not until 1937 when they reached pre-Depression levels once more.

Mining output of selected countries in the Americas from 1923 to 1944 (as a share of 1938's mining output)

Characteristic	Canada	Chile	United States
1944	95	118	150
1943	105	118	145
1942	119	119	142
1941	120	123	135
1940	115	107	123
1939	108	99	111
1938	100	100	100
1937	95	114	116
1936	81	83	104
1935	73	81	87
1934	66	70	82
1933	55	43	75
1932	54	35	69
1931	61	64	85
1930	71	94	101
1929	85	132	114
1928	82	123	104
1927	73	82	105
1926	72	-	103
1925	67	-	95
1924	61	-	92
1923	-	-	97

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Release date

December 1993

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Region

Canada, Chile, United States

Survey time period

1923 to 1944

Supplementary notes

This statistic shows mining output relative to each respective country's own output in 1938 - similar figures across different countries does not necessarily mean they had similar absolute levels of mining output.

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