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Chile

Balance of Payments - Second Quarter 2002

 
Indicator: Current Account Balance
Financial Account Balance, excluding change of reserves
Source: Chilean Central Bank (Banco Central de Chile)
Release data: 23 August
Period covered: Second Quarter 2002
Current reading: Current Account: US$ +101 Million
Financial Account: US$ +19 Million
Previous reading: Current Account: US$ +313 Million
Financial Account: US$ -965 Million
LatinFocus: statistics, chart, forecasts ($)
 

The numbers in detail

 

In the second quarter, the current account of the balance of payments registered a surplus of US$ 101 Million. This surplus was below the US$ 313 Million recorded in the first quarter this year but above the US$ 203 deficit in the same period last year. The improvement of the current account over the same period last year was mainly due to a higher surplus in the trade balance, which, in turn, resulted from lower imports whereas exports remained virtually unchanged. In addition, the deficit of the income balance also remained below the level in Q1 2001.
 

Forecasts: This indicator is covered in the LatinFocus Consensus Forecast.  For 5-year projections, including quarterly forecasts for the next two years, please click here

 


 

 

 

 

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