Chile recorded a current account surplus of 1.4% of the GDP in 2020, the first surplus in 10 years. source: Central Bank of Chile

Current Account to GDP in Chile averaged -2.61 percent from 1980 until 2020, 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 April of 2021.

Current Account to GDP in Chile is expected to reach 0.70 percent by the end of 2021, 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 -1.20 percent in 2022 and -1.90 percent in 2023, according to our econometric models.

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Chile Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
1.40 -3.90 4.50 -14.00 1980 - 2020 percent Yearly

Chile Trade Last Previous Highest Lowest Unit
Balance of Trade 535.00 1516.00 2968.68 -1384.72 USD Million [+]
Current Account 503.18 627.20 3256.31 -5331.15 USD Million [+]
Current Account to GDP 1.40 -3.90 4.50 -14.00 percent [+]
Imports 6859.00 5555.00 7865.59 492.60 USD Million [+]
Exports 7394.00 7071.00 7760.56 644.40 USD Million [+]
External Debt 210898.10 211892.13 213163.07 2435.00 USD Million [+]
Capital Flows 1657.04 -1285.21 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 112.06 106.31 122.50 58.80 points [+]
Terrorism Index 4.03 4.12 4.12 0.50 [+]
Foreign Direct Investment 2844.98 2749.38 2844.98 -6311.69 USD Million [+]
Crude Oil Production 1.00 1.00 15.00 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.