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 October 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


Chile Last Unit Reference Previous Highest Lowest
Current Account to GDP 1.40 percent of GDP Dec/20 -3.90 4.50 -14.00
External Debt 229191.75 USD Million Aug/21 224052.87 229191.75 2435.00
Terms Of Trade 123.43 points Jun/21 118.24 123.43 58.80
Foreign Direct Investment -3436.00 USD Million Jun/21 -507.00 2844.98 -6311.69


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.