Chile recorded a current account surplus of USD 503 million in fourth quarter of 2020, swinging from a deficit of USD 2,268 million in the corresponding period of the previous year. The goods surplus widened sharply to USD 5,220 million from USD 599 million in Q4 2019, as exports surged 21.8 percent boosted by copper sales (16.8 percent), while imports fell 5.9 percent. The services shortfall increased to USD 1,380 million from USD 1,250 million. Meantime, the primary income deficit widened to USD 3,236 million from USD 2,172 million while the secondary income account fell into a deficit of USD 101 million from a surplus of USD 554 million in the same period of 2019. Considering full 2020, Chile recorded a current account surplus of USD 3,370 million or 1.4 percent of the GDP, compared to a USD 10,454 million gap in 2019. source: Banco Central de Chile
Current Account in Chile averaged -677.35 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 April of 2021.
Current Account in Chile is expected to be -200.00 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 -1200.00 in 12 months time. In the long-term, the Chile Current Account is projected to trend around -1400.00 USD Million in 2022, according to our econometric models.