In the fourth quarter, the current account balance recorded a surplus of USD 1.2 billion, which contrasted the USD 52.7 million deficit tallied in the previous quarter. The current account surplus primarily reflected improvements in the trade balance as well as in the current transfers balance. Exports rose to USD 19.8 billion (Q3: USD 18.5 billion), while imports increased to USD 15.4 billion (Q3: USD 14.8 billion). Accordingly, the trade balance improved from a USD 3.7 billion surplus in the third quarter to a USD 4.4 billion surplus in the fourth. In the full year 2010, Chile's current account posted a USD 3.8 billion surplus (1.9% of GDP), which was up from the USD 2.6 billion (1.6% of GDP) surplus registered in 2009. The Central Bank attributed the USD 1.2 billion increase to the robust trade balance and larger current transfers, driven by taxes on foreign investment remittances as well as insurance payments following the February earthquake.
Chile Current Account
Current account surplus widens in fourth quarter
March 18, 2011
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Chile Economic News
October 12, 2016
In September, the Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) rose slightly, inching up from August’s record-low of 31.5 points to 33.4 points.
October 7, 2016
In September, consumer prices rose 0.2% over the previous month, which came in above August’s flat reading.
October 6, 2016
In Q3, the mood among Chilean businesses improved and reached the highest level in a year.
October 5, 2016
For a third consecutive month, the mood among Chilean businesses improved in September after it had fallen to the lowest level in over seven years in June.
October 5, 2016
In August, economic activity rose 2.5% over the same month last year, according to the monthly indicator for economic activity (IMACEC).