A multilayer electronic component includes a body and a coil. The body includes a plurality of sheets each containing magnetic powder particles. The coil includes an uppermost coil pattern disposed on a top surface of an uppermost sheet among the plurality of sheets, a lowermost coil pattern disposed on a bottom surface of a lowermost sheet among the plurality of sheets, and side coil patterns disposed on edges of central sheets disposed between the uppermost sheet and the lowermost sheet in a central portion of the body. The magnetic powder particles have shape anisotropy, and a major axes of the magnetic powder particles are aligned with each other within the body. A multilayer chip antenna can include the multilayer electronic component.