Chile recorded a Current Account deficit of 3.10 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Chile averaged -2.67 percent from 1980 until 2018, 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. source: Central Bank of Chile

Current Account to GDP in Chile is expected to be -2.70 percent by the end of this quarter, 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 -2.70 percent in 2020, according to our econometric models.

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Chile Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-3.10 -1.50 4.50 -14.00 1980 - 2018 percent Yearly

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.

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 [+]