FX.co ★ Chile Posts Largest Current Account Gap in Nearly 2 Years

In the second quarter of 2025, Chile reported a significant current account deficit, amounting to $3.25 billion. This marks the largest deficit since the third quarter of 2023 and reflects an increase from the $1.86 billion deficit recorded in the same quarter of the previous year. The primary income deficit saw an increase to $5.59 billion from $4.94 billion, largely due to a $4.61 billion shortfall in direct investment income. During this period, foreign investors in Chile earned $5.81 billion, while Chilean investments abroad brought in $1.21 billion. Additionally, the deficit in services expanded to $2.47 billion, up from $2.38 billion, and the goods surplus contracted to $4.52 billion from $5.26 billion in June 2024, with imports rising by 13.1%, outpacing the 7% increase in exports. On a positive note, the secondary income surplus grew to $0.3 billion from $0.2 billion.