Chile's current account deficit widened sharply to USD 3,634 million in the fourth quarter of 2018 from USD 1,191 million in the same period a year ago. It is the largest current account gap since the third quarter of 2013. The services gap rose to USD 1,050 million from USD 949 million in Q4 2017 and the goods surplus narrowed to USD 305 million from USD 2,597 million, with exports falling 0.1 percent and imports surging 13.6 percent. Meanwhile, the primary income deficit decreased to USD 3,209 million from USD 3,334 million and the secondary income surplus fell slightly to USD 320 million from USD 495 million in the same period of 2017. In 2018, the country's current account deficit widened significantly to USD 9,157 million from USD 5,965 million, amid a higher primary income deficit of USD 12,241 million compared to a USD 11,379 million in 2017, mainly associated with foreign direct investment in Chile. Current Account in Chile averaged -538.12 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 -5054.90 USD Million in the third quarter of 2012.

Current Account in Chile is expected to be -1100.00 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 -500.00 in 12 months time. In the long-term, the Chile Current Account is projected to trend around -1200.00 USD Million in 2020, according to our econometric models.

Chile Current Account
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Calendar GMT Actual Previous Consensus TEForecast
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
2019-03-18 11:30 AM Current Account $-3.6B $-2.9B $-0.3B
2019-05-17 01:00 PM Current Account $-3.6B $-0.6B
2019-08-20 11:30 AM Current Account $-1.1B
2019-11-19 11:30 AM Current Account $-2.4B


Chile Trade Last Previous Highest Lowest Unit
Balance of Trade 607.35 276.23 2968.68 -1384.72 USD Million [+]
Current Account -3634.00 -2938.80 3256.31 -5054.90 USD Million [+]
Current Account to GDP -3.10 -1.50 4.50 -14.00 percent [+]
Imports 5586.76 5270.05 7865.59 492.60 USD Million [+]
Exports 6194.12 5546.29 7760.56 644.40 USD Million [+]
External Debt 186549.25 185187.66 186549.25 2435.00 USD Million [+]
Capital Flows -2401.46 -4576.41 13891.49 -5487.39 USD Million [+]
Gold Reserves 0.25 0.25 35.96 0.21 Tonnes [+]
Terms Of Trade 94.99 97.92 122.50 58.80 Index Points [+]
Terrorism Index 3.45 3.25 3.97 0.50 [+]
Tourist Arrivals 383271.00 464727.00 521425.00 50093.00 Persons [+]
Foreign Direct Investment -41.80 501.37 899.37 -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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-3634.00 -2938.80 3256.31 -5054.90 1996 - 2018 USD Million Quarterly
Current Prices, NSA




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -1134.00 Feb/19
Canada -15483.00 Dec/18
China 545.99 Dec/18
Euro Area 15.50 Feb/19
France -778.00 Feb/19
Germany 16300.00 Feb/19
India -16899.55 Dec/18
Indonesia -9148.00 Dec/18
Italy 3252.80 Feb/19
Japan 2676.85 Feb/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 3601.90 Feb/19
Spain -1472.00 Jan/19
Switzerland 15181.70 Dec/18
Turkey -718.00 Feb/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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