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.


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Chile Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-3145.00 -2603.00 3256.31 -5054.90 1996 - 2019 USD Million Quarterly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-03-18 11:30 AM Q4 $-3.6B $-2.9B $-0.3B
2019-05-20 01:00 PM Q1 $-1.0B $-3.6B $-0.6B
2019-08-19 12:30 PM Q2 $-2.9B $-0.9B $-1.1B
2019-11-18 11:30 AM Q3 $-3.1B $-2.6B $-3.1B
2020-03-18 11:30 AM Q4 $-3.1B $-2.7B
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-08-19
Chile Current Account Gap Widens 30.3% YoY in Q2
Chile's current account deficit rose to USD 2.93 billion in the second quarter of 2019 from USD 2.25 billion in the corresponding month of the previous year. The goods surplus narrowed to USD 1.04 billion from USD 1.48 billion in Q2 2018, as exports fell 9 percent amid lower shipments of copper and imports decreased at a softer 7.2 percent dragged down by purchases of consumption and intermediate goods. Meantime, the services shortfall rose slightly to USD 1.21 billion from USD 1.17 billion, as exports of services dropped 0.2 percent, on lower sea and air transportation services. On the other hand, the primary income gap decreased somewhat to USD 3.04 billion from USD 3.37 billion while the secondary income surplus shrank to USD 0.29 billion from USD 0.80 billion a year earlier.

2019-05-20
Chile Current Account Gap Widens in Q1
Chile's current account deficit widened to USD 1.02 billion in the first quarter of 2019 from USD 0.34 billion in the corresponding period of the previous year. The goods surplus narrowed to USD 2.18 billion from USD 2.95 billion in Q1 2018 and the services shortfall increased to USD 0.99 billion from USD 0.78 billion. Also, the secondary income surplus declined to USD 0.40 billion from USD 0.43 billion. On the other hand, the primary income gap decreased to USD 2.61 billion from USD 2.94 billion a year earlier.

2019-03-18
Chile Posts Biggest Current Account Gap since 2013
Chile's current account deficit widened sharply to USD 3,634 million in the fourth quarter of 2018 from USD 1,191 million in the same period a year ago. It is the largest current account gap since the third quarter of 2013. The services gap rose to USD 1,050 million from USD 949 million in Q4 2017 and the goods surplus narrowed to USD 305 million from USD 2,597 million, with exports falling 0.1 percent and imports surging 13.6 percent. Meanwhile, the primary income deficit decreased to USD 3,209 million from USD 3,334 million and the secondary income surplus fell slightly to USD 320 million from USD 495 million in the same period of 2017. In 2018, the country's current account deficit widened significantly to USD 9,157 million from USD 5,965 million, amid a higher primary income deficit of USD 12,241 million compared to a USD 11,379 million in 2017, mainly associated with foreign direct investment in Chile.


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).

Chile Trade Last Previous Highest Lowest Unit
Balance of Trade 1460.38 110.57 2968.68 -1384.72 USD Million [+]
Current Account -3145.00 -2603.00 3256.31 -5054.90 USD Million [+]
Current Account to GDP -3.10 -1.50 4.50 -14.00 percent [+]
Imports 5183.66 5171.00 7865.59 492.60 USD Million [+]
Exports 6644.04 5281.00 7760.56 644.40 USD Million [+]
External Debt 197702.82 197727.49 197727.49 2435.00 USD Million [+]
Capital Flows -3695.67 -4048.23 13891.49 -5487.39 USD Million [+]
Gold Reserves 0.25 0.25 35.96 0.21 Tonnes [+]
Terms Of Trade 96.03 96.79 122.50 58.80 points [+]
Terrorism Index 4.12 3.45 4.12 0.50 [+]
Tourist Arrivals 238301.00 269328.00 521425.00 50093.00 Persons [+]
Foreign Direct Investment -988.61 -2382.07 899.37 -6259.76 USD Million [+]
Crude Oil Production 3.00 3.00 13.00 2.30 BBL/D/1K [+]