The current account considers transactions between residents and non-residents, and the capital account, transactions concerning Chile's claims against, and liabilities to, nonresidents. This means that customs declarations, which are compiled according to the Special Trade System, are adjusted, so that goods are registered as imports when they enter the Free Zones. Re-exports from the Free Zones are netted out of imports. Goods are valued on a fob basis. In exceptional cases, such as interest rescheduling, the due for payment criteria has been used.
Primary sources are customs declarations.
Compensation of employees is included in this category, and is obtained from the Central Bank s foreign exchange transactions system. Some estimates are made by applying yields to outstanding stocks. Direct investment income, is obtained mainly from annual sample surveys, supplemented by information from enterprises financial statements, and the foreign exchange transactions systems. Quarterly estimates are made for information that is received on an annual basis. Some flows, such as private sector assets against non residents, are estimated.