Chile’s current account deficit narrowed to $1.78 billion in Q4 2024 from $2.66 billion in Q4 2023. The goods surplus increased to $4.76 billion, while the services gap decreased slightly. For 2024, the overall deficit was $4.85 billion compared to $10.50 billion in 2023, indicating economic improvement.
In the fourth quarter of 2024, Chile’s current account deficit narrowed to $1.78 billion from $2.66 billion during the same period in 2023. This change reflects an improved economic performance and financial conditions.
The goods balance showed significant improvement, with a surplus rising to $4.76 billion, compared to $3.53 billion a year earlier. Conversely, the services account reported a slight decline, with a gap of $2.21 billion down from $2.36 billion.
Additionally, the primary income deficit expanded to $4.28 billion, an increase from last year’s $4.00 billion. For the entire year of 2024, the current account deficit recorded a substantial decrease to $4.85 billion, significantly lower than the $10.50 billion deficit observed in 2023.
Overall, Chile’s economic indicators show a notable improvement in the current account, with reduced deficits and an increased goods surplus. The narrowing of the current account deficit reflects better economic stability and management, indicating positive trends in trade. The reductions in deficits signify a healthier economic environment, positioning Chile more favorably in the international market.
Original Source: www.tradingview.com
