Current Account in Argentina
Argentina - Current Account
Current account surplus narrows in third quarter
The current account recorded a surplus of USD 900 million in the third quarter. The result was lower than the USD 3.2 surplus registered in the second quarter and was also short of the USD 3.7 billion surplus recorded in the third quarter of the previous year. The deterioration compared to the previous quarter was mainly driven by a narrowing trade balance, which fell from a USD 6.0 billion surplus in the second quarter to a USD 3.7 billion surplus in the third. That said, the income balance remained broadly unchanged compared to the previous quarter, which marked a USD 2.5 billion deficit. Meanwhile, the transfer balance deteriorated, dropping from a USD 65 million deficit to a USD 81 million deficit. Finally, while the services balance remained in deficit territory, it improved compared to the previous quarter, recording a USD 281 million deficit, which was up from the USD 320 million deficit recorded in Q2. Despite the positive quarterly reading, the moving annual current account fell from a USD 7.8 billion surplus in the second quarter to a USD 5.1 billion surplus.
Argentina - Current Account Data
|Current Account (% of GDP)||-2.7||-2.7||-4.8||-5.0||-0.8|
5 years of economic forecasts for more than 30 economic indicators.
Argentina Current Account Chart
Source: Argentina Central Bank and FocusEconomics calculations.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||59.88||0.45 %||Dec 30|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
November 24, 2021
The monthly indicator for economic activity (EMAE) grew 11.6% year-on-year in September (August: +12.8% yoy).
November 24, 2021
Merchandise exports increased 46.5% over the same month last year in October, following September’s 60.1% jump.
November 12, 2021
Consumer prices increased 3.52% over the previous month in October, slowing down from September's 3.55% increase.
November 10, 2021
Industrial production expanded 10.1% year-on-year in September (August: +13.8% yoy).
November 5, 2021
The Universidad Torcuato di Tella (UTDT) consumer confidence index dipped to 40.2 in October from 40.5 in September, which had marked the best reading since November 2020.