The National Prize for Musical Arts () was created in Chile in 1992 under Law 19169 as one of the replacements of the National Prize of Art. It is granted "to the person who has distinguished himself by his achievements in the respective area of the arts" (Article 8 of the aforementioned law). It is part of the National Prize of Chile.
The prize, which is awarded every two years, consists of a diploma, the sum of 6,576,457 pesos () which is adjusted every year, according to the previous year's consumer price index, and a pension of 20 (approximately US$1,600).
Winners 1992, Juan Orrego-Salas 1994, Margot Loyola 1996, 1998, 2000, 2002, Fernando García 2004, Cirilo Vila 2006, Fernando Rosas Pfingsthorn 2008, 2010, Carmen Luisa Letelier 2012, 2014, Leon Schidlowsky 2016, Vicente Bianchi 2018, Juan Allende-Blin 2020, Miryam Singer 2022, Elisa Avendaño Curaqueo 2024, Valentín Trujillo
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