Chile recorded a Current Account deficit of 3.90 percent of the country's Gross Domestic Product in 2019. source: Central Bank of Chile

Current Account to GDP in Chile averaged -2.71 percent from 1980 until 2019, reaching an all time high of 4.50 percent in 2006 and a record low of -14 percent in 1981. This page provides - Chile Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Chile Current Account to GDP - values, historical data and charts - was last updated on October of 2020.

Current Account to GDP in Chile is expected to reach -4.10 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Chile Current Account to GDP is projected to trend around -4.40 percent in 2021 and -4.50 percent in 2022, according to our econometric models.

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Chile Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-3.90 -3.60 4.50 -14.00 1980 - 2019 percent Yearly

Chile Trade Last Previous Highest Lowest Unit
Balance of Trade 886.00 904.00 2968.68 -1384.72 USD Million [+]
Current Account 1154.00 -237.00 3256.31 -5331.15 USD Million [+]
Current Account to GDP -3.90 -3.60 4.50 -14.00 percent [+]
Imports 4576.78 4516.92 7865.59 492.60 USD Million [+]
Exports 5462.78 5421.18 7760.56 644.40 USD Million [+]
External Debt 209504.82 213163.07 213163.07 2435.00 USD Million [+]
Capital Flows 1161.77 -1908.27 13891.49 -5843.13 USD Million [+]
Gold Reserves 0.25 0.25 35.96 0.21 Tonnes [+]
Tourist Arrivals 0.00 0.00 521425.00 0.00 Persons [+]
Terms Of Trade 101.18 93.82 122.50 58.80 points [+]
Terrorism Index 4.12 3.45 4.12 0.50 [+]
Foreign Direct Investment -2423.34 -4946.21 899.37 -6311.69 USD Million [+]
Crude Oil Production 2.00 1.00 13.00 1.00 BBL/D/1K [+]


Chile Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.