Chile current account switched to a surplus of USD 752 million in the first quarter of 2023 from a deficit of USD 5,471 million in the corresponding period of the previous year. This was the first positive reading since the Q2 of 2020, as the goods surplus rose sharply to USD 7,586 million from USD 1,119 million a year ago; with exports increasing by 11% and imports falling by 16.2%. At the same time, the services gap shrank to USD 2,637 million from 3,888 million, while the secondary income surplus grew to USD 44 million from a shortfall of USD 5 million. Conversely, the primary income deficit expanded to USD 4,241 million from USD 2,708 million. source: Banco Central de Chile

Current Account in Chile averaged -1332.23 USD Million from 1996 until 2023, reaching an all time high of 3812.17 USD Million in the second quarter of 2007 and a record low of -9115.62 USD Million in the second quarter of 2022. 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 June of 2023.

Current Account in Chile is expected to be -2000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Chile Current Account



Calendar GMT Actual Previous Consensus TEForecast
2023-03-20 11:30 AM Q4 $-5B $-7.5B $-3B
2023-05-18 12:30 PM Q1 $0.7B $-5B -3500
2023-08-18 12:30 PM Q2 $0.7B -2000


Related Last Previous Unit Reference
Balance of Trade 952.00 1146.00 USD Million May 2023
Current Account 752.00 -4993.14 USD Million Mar 2023
Imports 6885.00 6463.50 USD Million May 2023
Exports 7836.00 7609.45 USD Million May 2023
Capital Flows 2819.00 -829.64 USD Million Mar 2023

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).
Actual Previous Highest Lowest Dates Unit Frequency
752.00 -4993.14 3812.17 -9115.62 1996 - 2023 USD Million Quarterly
Current Prices, NSA

News Stream
Chile Current Account Swings to Surplus
Chile current account switched to a surplus of USD 752 million in the first quarter of 2023 from a deficit of USD 5,471 million in the corresponding period of the previous year. This was the first positive reading since the Q2 of 2020, as the goods surplus rose sharply to USD 7,586 million from USD 1,119 million a year ago; with exports increasing by 11% and imports falling by 16.2%. At the same time, the services gap shrank to USD 2,637 million from 3,888 million, while the secondary income surplus grew to USD 44 million from a shortfall of USD 5 million. Conversely, the primary income deficit expanded to USD 4,241 million from USD 2,708 million.
2023-05-18
Chile Posts Smallest Current Account Gap in Nearly 2 Years
The current account deficit in Chile narrowed to USD 4,993 million in the fourth quarter of 2022 from USD 8,344 million in the corresponding period of the previous year. This was the smallest current account shortfall since the second quarter of 2021, as the goods surplus rose sharply to USD 3,659 million from USD 1,355 million a year ago; with exports (-1.9%) falling much less than imports (-11.4%). At the same time, the services gap shrank to USD 3,717 million from 3,859 million; and the second account balance shifted to a surplus of USD 119 million from a shortfall of USD 1,489 million. Meanwhile, the primary income deficit rose to USD 5,054 million from USD 4,352 million. The country posted a current account deficit of USD 27,102 million in 2022, or 9% of the GDP, compared to USD 23,193 million a year ago.
2023-03-20
Chile Current Account Gap Widens in Q3
The current account deficit in Chile widened to USD 9,428 million in the third quarter of 2022 from USD 6,869 million in the corresponding period of the previous year. The goods and services deficit increased to USD 4,955 million from USD 2,365 million, while the primary income shortfall rose to USD 4,481 million from USD 4,485 million a year ago.
2022-11-18