The current account balance in Chile shifted to a surplus of USD 1.15 billion in the second quarter of 2020 compared to a deficit of USD 3.13 billion in the corresponding period of the previous year. It was the first current account surplus since the first quarter of 2015 and the widest since the first quarter of 2010, as the goods surplus increased sharply to USD 4.90 billion from USD 0.88 billion in Q2 2019 and the services shortfall decreased to USD 1.19 billion from USD 1.41 billion. Meantime, the primary income shrank to USD 2.78 billion from USD 3.05 billion while the secondary income surplus went down to USD 0.22 billion from USD 0.46 billion. source: Banco Central de Chile
Current Account in Chile averaged -710.48 USD Million from 1996 until 2020, 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 October of 2020.
Current Account in Chile is expected to be 1000.00 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 -600.00 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.