Chile Current Account to GDP

Chile recorded a Current Account deficit of 3.50 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Chile is reported by the Central Bank of Chile. From 1980 until 2012, Chile Current Account to GDP averaged -2.7 Percent reaching an all time high of 4.6 Percent in December of 2006 and a record low of -14.0 Percent in December of 1981. 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. This page provides - Chile Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-3.50 -1.30 4.60 -14.00 -7.18 | 2014/06 1980 - 2012 Percent Yearly

TO

Chile Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
External Debt 5776.43 2014-02-28 5889.43 6287.20 2408.00 6044.96 2014-06-30 USD Million [+]
Remittances 902.00 2012-12-31 936.00 936.00 756.00 873.07 2014-06-30 USD Million [+]
Current Account to GDP -3.50 2012-12-31 -1.30 4.60 -14.00 -7.18 2014-06-30 Percent [+]
Balance of Trade 1702.01 2014-03-15 1236.93 2968.21 -1374.47 826.99 2014-06-30 USD Million [+]
Exports 7323.14 2014-03-15 6554.80 7760.60 644.40 6790.33 2014-06-30 USD Million [+]
Imports 5621.13 2014-03-15 5317.87 7897.20 492.60 5433.77 2014-06-30 USD Million [+]
Current Account -2429.98 2013-11-15 -3421.00 3124.60 -4898.11 -1907.37 2014-06-30 USD Million [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


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