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.