External Debt in Chile
Chile - External Debt
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 - External Debt Data
|External Debt (% of GDP)||65.4||65.8||64.9||61.8||70.2|
5 years of economic forecasts for more than 30 economic indicators.
Chile External Debt Chart
Source: Chile Central Bank and FocusEconomics calculations.
|Bond Yield||3.14||-0.44 %||Dec 30|
|Exchange Rate||752.0||0.05 %||Jan 01|
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August 1, 2022
Economic activity increased 3.7% in year-on-year terms in June, which was a deterioration from May's 6.4% increase.
July 31, 2022
Business confidence came in at 39.0 in July, down from June's 42.7.
July 18, 2022
Consumer confidence fell to 96.9 in June from May's 103.8.
July 14, 2022
At its 13 July meeting, the board of the Central Bank of Chile (CBC) decided to increase the monetary policy rate from 9.00% to 9.75% taking total tightening this year to 575 basis points.
July 8, 2022
Consumer prices increased 0.93% in June over the previous month, slowing down from the 1.20% rise logged in May.