The current account deficit in Chile narrowed to USD 0.97 billion in the first quarter of 2020 from USD 1.92 billion in the corresponding period of 2019. The goods surplus widened sharply to USD 2.76 billion from USD 1.80 billion a year earlier and the services gap went down to USD 1.13 billion from USD 1.20 billion. Also, the primary income shortfall decreased to USD 2.74 billion from USD 2.86 billion. Meanwhile, the secondary income surplus fell to USD 0.14 billion from 0.34 billion.

Current Account in Chile averaged -734.83 USD Million from 1996 until 2019, reaching an all time high of 3256.31 USD Million in the first quarter of 2007 and a record low of -5331.15 USD Million in the third quarter of 2012. This page provides - Chile Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Chile Current Account - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Banco Central de Chile

Current Account in Chile is expected to be -2500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Chile to stand at -900.00 in 12 months time. In the long-term, the Chile Current Account is projected to trend around -1200.00 USD Million in 2021 and -1400.00 USD Million in 2022, according to our econometric models.

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Chile Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-969.04 -2363.45 3256.31 -5331.15 1996 - 2020 USD Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-08-19 12:30 PM Q2 $-2.9B $-0.9B $-1.1B
2019-11-18 11:30 AM Q3 $-3.1B $-2.6B $-3.1B
2020-03-18 11:30 AM Q4 $-2.4B $-3.5B $-3.5B
2020-05-18 12:30 PM Q1 $-1.0B $-2.4B $ -1.5B
2020-08-18 12:30 PM Q2 $-1.0B $ -2B
2020-11-18 11:30 AM Q3 $ -2.5B
2021-03-18 11:30 AM Q4 $ -1B


News Stream
Chile Current Account Surplus Narrows in Q1
The current account deficit in Chile narrowed to USD 0.97 billion in the first quarter of 2020 from USD 1.92 billion in the corresponding period of 2019. The goods surplus widened sharply to USD 2.76 billion from USD 1.80 billion a year earlier and the services gap went down to USD 1.13 billion from USD 1.20 billion. Also, the primary income shortfall decreased to USD 2.74 billion from USD 2.86 billion. Meanwhile, the secondary income surplus fell to USD 0.14 billion from 0.34 billion.
2020-05-18
Chile Current Account Gap Narrows in Q4
The current account deficit in Chile narrowed sharply to USD 2.36 billion in the fourth quarter of 2019 from USD 4.1 billion a year earlier. The goods and services account recorded a USD 0.1 billion surplus compared to a USD 0.9 billion gap a year earlier. The primary income deficit declined to USD 2.7 billion from USD 3.5 billion. On the other hand, the secondary income surplus fell slightly to USD 0.277 billion from USD 0.281 billion. Considering full 2019, the country recorded a current account gap of USD 10.93 billion, equivalente to 3.9 percent of the GDP, higher than 3.6 percent of the GDP in 2018, mainly due to lower sales of copper and cellulose.
2020-03-18
Chile Current Account Gap Widens in Q3
Chile's current account deficit widened to USD 3.14 billion in the third quarter of 2019 from USD 2.94 billion in the corresponding period of the previous year. The services gap rose to USD 1.28 billion from USD 0.99 billion a year earlier, as exports declined 5.5 percent and imports went up 4.1 percent. Also, the secondary income surplus decreased to USD 0.36 billion from USD 0.86 billion. On the other hand, the goods account shifted to a USD 0.56 billion surplus from a USD 0.70 billion deficit a year ago, as imports dropped 5.9 percent dragged down by lower purchases of vehicles while exports fell at a softer 5.2 percent due to lower sales of copper. In addition, the primary income shortfall narrowed to USD 2.28 billion from USD 2.73 billion.
2019-11-18
Chile Current Account Gap Widens 30.3% YoY in Q2
Chile's current account deficit rose to USD 2.93 billion in the second quarter of 2019 from USD 2.25 billion in the corresponding month of the previous year. The goods surplus narrowed to USD 1.04 billion from USD 1.48 billion in Q2 2018, as exports fell 9 percent amid lower shipments of copper and imports decreased at a softer 7.2 percent dragged down by purchases of consumption and intermediate goods. Meantime, the services shortfall rose slightly to USD 1.21 billion from USD 1.17 billion, as exports of services dropped 0.2 percent, on lower sea and air transportation services. On the other hand, the primary income gap decreased somewhat to USD 3.04 billion from USD 3.37 billion while the secondary income surplus shrank to USD 0.29 billion from USD 0.80 billion a year earlier.
2019-08-19

Chile Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).