Economic Impacts
In 1959, the Chilean economy had a great recession with per capita GDP decreasing by 8%, which recovered in 1960 with a per capita GDP growth of 6%. However, after the earthquake the country's economy grew at a lower rate of 2% in 1961 to 1963, and had a second recession in 1964-65. The exact cost of the disaster remains unknown but is estimated at approximately $550 million in losses. In repairing the damage, the Chilean state invested 136.4 million U.S. dollars from abroad in the form of donations and 292.6 million from the government.