Current Account in Chile
Chile - Current Account
Current account registers a deficit amid increasing imports
In the third quarter, the current account balance recorded a deficit of USD 2.9 billion, a sharp retreat from the revised USD 0.3 billion surplus recorded in the previous quarter (previously reported: USD 0.2 billion). The reading exceeded market expectations of a USD 1.4 billion deficit. The current account deficit stemmed from the income balance deficit of USD 3.9 billion (Q2: USD 4.1 billion). In addition, the trade balance surplus narrowed as exports totalled USD 20.0 billion (Q2 2011: USD 21.1 billion), while imports increased to USD 19.2 billion (Q2 2011: USD 17.4 billion).
Chile - Current Account Data
|Current Account (% of GDP)||-4.0||-1.6||-2.3||-1.6||-2.1|
5 years of economic forecasts for more than 30 economic indicators.
Chile Current Account Chart
Source: Chile Central Bank and FocusEconomics calculations.
|Bond Yield||3.25||-0.44 %||Jul 11|
|Exchange Rate||680.7||0.05 %||Jul 11|
|Stock Market||25,769||-0.67 %||Jul 11|
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