Current Account in Argentina

Argentina Current Account | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
Current Account (% of GDP)-2.7  -2.7  -4.8  -5.0  -0.8  

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Argentina Current Account Chart

Argentina Current Account
Note: Current account balance as % of GDP.
Source: Argentina Central Bank and FocusEconomics calculations.

Argentina Facts

Value Change Date
Bond Yield6.690.15 %Dec 17
Exchange Rate59.880.45 %Dec 30

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