In the third quarter, the current account balance recorded a deficit of USD 416 million, which contrasted the USD 176 million surplus recorded in the previous quarter. The reading surprised the market on the downside, as analysts anticipated a USD 120 million deficit in the third quarter. The last current account deficit was recorded in the fourth quarter of 2008. The deficit in the current account balance primarily reflected a deteriorating income balance and a weakening of current transfers. In Contrast, the trade balance improved from a USD 2.8 billion surplus in the second quarter to a USD 3.7 billion surplus in the third, as exports out-performed imports. Exports rose to USD 18.2 billion (Q2: USD 16.2 billion), while imports increased to USD 14.4 billion (Q2: USD 13.3 billion). As a result of the quarterly figure, the annual current account surplus shrank from USD 3.4 billion in the second quarter to USD 2.4 billion in the third.
Chile Current Account
Current account turns negative for the first time since the end of 2008
November 18, 2010
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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
In August, economic activity rose 2.5% over the same month last year, according to the monthly indicator for economic activity (IMACEC).
October 5, 2016
The Chilean government presented the most austere budget proposal in over a decade on 30 September.