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||39.66||0.45 %||Feb 20|
|Stock Market||36,504||2.26 %||Feb 20|
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February 22, 2019
The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 36.0 points in February from 33.1 points in January.
February 21, 2019
Exports dropped 4.7% in year-on-year terms in January, contrasting Decemebr’s 15.4% jump.
February 15, 2019
According to the National Statistical Institute (INDEC), national consumer prices rose 2.9% over the previous month in January, coming in above December’s 2.6% month-on-month increase.
February 6, 2019
Industrial production plunged a multi-year low of 14.7% over the same month of last year in December, according to data released by the National Statistical Institute (INDEC) on 5 February, marking a steeper fall than November’s 13.9% year-on-year decline. December’s result reflected contractions in all components of the index.
January 25, 2019
The Universidad Torcuato di Tella (UTDT) consumer confidence index dropped to 33.1 points in January from 36.0 points in December—which had marked the best reading in four months.