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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Chile Current Account

Actual Previous Highest Lowest Dates Unit Frequency
503.18 627.20 3256.31 -5331.15 1996 - 2020 USD Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-05-18 12:30 PM Q1 $-1.0B $-2.4B $ -1.5B
2020-08-18 12:30 PM Q2 $1.15B $-0.2B $ -2B
2020-11-18 11:30 AM Q3 $-0.03B $2.68B $1B
2021-03-18 11:30 AM Q4 $0.50B $0.63B $0.5B
2021-05-18 12:30 PM Q1 $0.50B
2021-08-18 12:30 PM Q2
2021-11-18 11:30 AM Q3
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Chile Current Account Swings to Surplus in Q4
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.
2021-03-18
Chile Current Account Gap Narrows Sharply in Q3
The current account deficit in Chile shrank to USD 25 million in the third quarter of 2020 from USD 3528 million in the corresponding period of the previous year, amid some easing in coronavirus restrictions. The goods surplus jumped to USD 3343 million from USD 187 million in Q3 2019 and the services shortfall decreased to USD 1168 million from USD 1297 million. Meantime, the primary income deficit went down to USD 2330 million from USD 2702 million while the secondary income surplus fell slightly to USD 131 million from USD 284 million in the same period of 2019.
2020-11-18
Chile Posts Largest Current Account Surplus since 2010
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.
2020-08-18
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
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).