Current Account in Argentina
Argentina - Current Account (billions of U.S. Dollars)
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 (USD bn) Data
|Current Account Balance (USD bn)||-13.0||-8.9||-16.8||-15.0||-30.8|
5 years of economic forecasts for more than 30 economic indicators.
Argentina Current Account (USD bn) Chart
Source: Argentina Central Bank and FocusEconomics calculations.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||43.97||0.45 %||Jun 14|
|Stock Market||40,488||2.26 %||Jun 14|
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June 14, 2019
National consumer prices rose 3.1% over the previous month in May, coming in below April’s 3.4% month-on-month increase, and marking the second consecutive month of deceleration, according to the National Statistical Institute (INDEC).
June 5, 2019
Industrial production fell 8.8% over the same month of last year in April, according to data released by the National Statistical Institute (INDEC) on 5 June.
May 24, 2019
Exports rebounded, albeit timidly, and grew 1.7% in year-on-year terms in April, contrasting March’s 5.0% contraction.
Argentina: Consumer confidence at over one-year high in May, but remains entrenched in pessimistic terrain
May 24, 2019
The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 36.5 points in May from 34.4 points in April, marking the best result in 13 months.
May 23, 2019
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) dived 6.8% in annual terms in March, a sharper drop than the 4.7% fall recorded in February.