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.
Current Account in Chile averaged -567.23 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 -5054.90 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. source: Banco Central de Chile
Current Account in Chile is expected to be -3100.00 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 -1400.00 in 12 months time. In the long-term, the Chile Current Account is projected to trend around -1200.00 USD Million in 2020, according to our econometric models.