Chile recorded a current account deficit of USD 2,638 million in the second quarter of 2021, swinging from a surplus of USD 2,483 million in the corresponding period of the previous year. The primary income deficit jumped to USD 4,922 million from USD 2,758 million and secondary income surplus decreased to USD 11 million from USD 399 million. Meantime, the good surplus went down to USD 4,174 million from USD 5,950 million while services shortfall widened to USD 1,902 million from USD 1,107 million. source: Banco Central de Chile

Current Account in Chile averaged -686.03 USD Million from 1996 until 2021, reaching an all time high of 3256.31 USD Million in the first quarter of 2007 and a record low of -5331.15 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. Chile Current Account - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Current Account in Chile is expected to be -600.00 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 -2000.00 in 12 months time. In the long-term, the Chile Current Account is projected to trend around -1400.00 USD Million in 2022, according to our econometric models.

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Chile Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-2638.00 -1837.00 3256.31 -5331.15 1996 - 2021 USD Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-18 11:30 AM Q3 $-0.03B $2.68B $1B
2021-03-18 11:30 AM Q4 $0.50B $0.63B $0.5B
2021-05-18 12:30 PM Q1 $-1.55B $0.50B $0.1B
2021-08-18 12:30 PM Q2 $-2.64B $-1.84B $-0.5B
2021-11-18 11:30 AM Q3 $-2.64B $-0.9B


News Stream
Chile Current Account Swings to Deficit in Q2
Chile recorded a current account deficit of USD 2,638 million in the second quarter of 2021, swinging from a surplus of USD 2,483 million in the corresponding period of the previous year. The primary income deficit jumped to USD 4,922 million from USD 2,758 million and secondary income surplus decreased to USD 11 million from USD 399 million. Meantime, the good surplus went down to USD 4,174 million from USD 5,950 million while services shortfall widened to USD 1,902 million from USD 1,107 million.
2021-08-18
Chile Current Account Deficit Widens in Q1
Chile current account gap widened to USD 1,554 million in first quarter of 2021, from a USD 244 million deficit in the corresponding period of the previous year. The primary income deficit increased to USD 3,845 million from USD 2,376 million, while the secondary income switched to a gap of USD 66 million from a USD 235 million surplus. On the other hand, the good surplus increased to USD 3,957 million from USD 3,079 million, but this was partially offset by the increase in the services account shortfall to USD 1,600 million from USD 1,182 million.
2021-05-18
Chile Current Account Swings to Surplus in Q4
Chile recorded a current account surplus of USD 503 million in fourth quarter of 2020, swinging from a deficit of USD 2,268 million in the corresponding period of the previous year. The goods surplus widened sharply to USD 5,220 million from USD 599 million in Q4 2019, as exports surged 21.8 percent boosted by copper sales (16.8 percent), while imports fell 5.9 percent. The services shortfall increased to USD 1,380 million from USD 1,250 million. Meantime, the primary income deficit widened to USD 3,236 million from USD 2,172 million while the secondary income account fell into a deficit of USD 101 million from a surplus of USD 554 million in the same period of 2019. Considering full 2020, Chile recorded a current account surplus of USD 3,370 million or 1.4 percent of the GDP, compared to a USD 10,454 million gap in 2019.
2021-03-18
Chile Current Account Gap Narrows Sharply in Q3
The current account deficit in Chile shrank to USD 25 million in the third quarter of 2020 from USD 3528 million in the corresponding period of the previous year, amid some easing in coronavirus restrictions. The goods surplus jumped to USD 3343 million from USD 187 million in Q3 2019 and the services shortfall decreased to USD 1168 million from USD 1297 million. Meantime, the primary income deficit went down to USD 2330 million from USD 2702 million while the secondary income surplus fell slightly to USD 131 million from USD 284 million in the same period of 2019.
2020-11-18

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).