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This country has the highest current account deficit among LatAm’s main economies

The Chilean economy closed 2022 with a current account deficit accumulated in the year of US$27.1 billion, which represents 9% of the Gross Domestic Product (GDP).

The negative balance of the indicator, which measures income and payments abroad for the exchange of goods and services, is above that recorded throughout last year in other major Latin American economies such as Mexico, Brazil, Colombia, and Peru.

The evolution of the figure over the last year is explained by foreign investment income in Chile and the services trade balance, according to a Central Bank report published this week.

Concerning foreign . . .

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