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 June of 2022.

Current Account to GDP in Chile is expected to reach -4.50 percent of GDP by the end of 2022, 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 -3.50 percent of GDP in 2023 and -3.00 percent of GDP in 2024, according to our econometric models.

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Chile Current Account to GDP



Related Last Previous Unit Reference
Current Account to GDP 1.40 -3.90 percent of GDP Dec 2020
External Debt 234064.72 243513.08 USD Million Apr 2022
Foreign Direct Investment -1126.34 3896.68 USD Million Mar 2022
Terms Of Trade 112.14 120.65 points Dec 2021

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