Chile's current account deficit widened to USD 3395 million in the third quarter of 2018 from USD 1157 million in the same period a year ago. It is the largest current account gap since the third quarter of 2013. The goods account shifted to a USD 6 million deficit from a USD 2191 million surplus, mainly due to higher imports of autos and oil prices while lower copper prices weighed down on exports.The services gap increased to USD 1098 million from USD 722 million and the primary income shortfall rose to USD 3268 million from USD 2973 million. In contrast, the secondary income surplus increased to USD 977 million from USD 347 million. Current Account in Chile averaged -485.73 USD Million from 1996 until 2018, reaching an all time high of 3256.31 USD Million in the first quarter of 2007 and a record low of -5054.86 USD Million in the third quarter of 2012.

Current Account in Chile is expected to be -400.00 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 -740.00 in 12 months time. In the long-term, the Chile Current Account is projected to trend around -700.00 USD Million in 2020, according to our econometric models.

Chile Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-19 11:30 AM Current Account $-0.4B $-1.2B $ -1.2B
2018-05-18 01:00 PM Current Account $-0.3B $-0.4B $ 0.9B
2018-08-20 11:30 AM Current Account $-1.8B $-0.2B $ -1.3B
2018-11-19 11:30 AM Current Account $-3.4B $-2.5B $ -2.1B
2019-03-19 11:30 AM Current Account -400
2019-05-17 01:00 PM Current Account -650
2019-08-20 11:30 AM Current Account -700


Chile Trade Last Previous Highest Lowest Unit
Balance of Trade 334.00 -216.53 2968.68 -1384.72 USD Million [+]
Exports 5955.35 6566.09 7760.56 644.40 USD Million [+]
Imports 5621.53 6782.62 7865.59 492.60 USD Million [+]
Current Account -3395.00 -2466.00 3256.31 -5054.86 USD Million [+]
Current Account to GDP -1.50 -1.40 4.50 -14.00 percent [+]
External Debt 180416.43 180446.89 184303.62 2435.00 USD Million [+]
Capital Flows -5011.08 -1508.68 13891.49 -5487.39 USD Million [+]
Gold Reserves 0.25 0.25 35.96 0.21 Tonnes [+]
Terms Of Trade 97.92 98.65 122.50 58.80 Index Points [+]
Terrorism Index 3.25 2.70 3.97 0.50 [+]
Tourist Arrivals 257953.00 270233.00 521425.00 50093.00 Persons [+]
Foreign Direct Investment -306.76 -1901.73 931.17 -6259.76 USD Million [+]
Crude Oil Production 3.00 3.00 13.00 2.30 BBL/D/1K [+]

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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). This page provides - Chile Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Chile Current Account - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-3395.00 -2466.00 3256.31 -5054.86 1996 - 2018 USD Million Quarterly
Current Prices, NSA




Country Last Previous
Argentina -8292.00 Jun/18
Australia -10688.00 Sep/18
Brazil 329.00 Oct/18
Canada -10343.00 Sep/18
China 160.00 Sep/18
Euro Area 24.07 Sep/18
France -684.00 Oct/18
Germany 15900.00 Oct/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 3154.00 Sep/18
Japan 1309.90 Oct/18
Mexico -5081.50 Sep/18
Netherlands 16769.50 Jun/18
Russia 26400.00 Sep/18
Saudi Arabia 19181.00 Jun/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 9190.00 Oct/18
Spain 899.00 Sep/18
Switzerland 22143.83 Jun/18
Turkey 2770.00 Oct/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18


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