Current Account in Chile

Chile Current Account | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Current Account (% of GDP)-4.0  -1.6  -2.3  -1.6  -2.1  

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Chile Current Account Chart


Chile Current Account
Note: Current account balance as % of GDP.
Source: Chile Central Bank and FocusEconomics calculations.

Chile Facts

ValueChangeDate
Bond Yield3.25-0.44 %Jul 11
Exchange Rate680.70.05 %Jul 11
Stock Market25,769-0.67 %Jul 11

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