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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account Balance (USD bn) | -13.0 | -8.9 | -16.8 | -15.0 | -30.8 |
Argentina Current Account (USD bn) Chart
Source: Argentina Central Bank and FocusEconomics calculations.
Argentina Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.69 | 0.15 % | Dec 17 |
| Exchange Rate | 37.52 | 0.45 % | Jan 30 |
| Stock Market | 36,039 | 2.26 % | Jan 30 |
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Economic News
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Argentina: Central Bank introduces a floor on LELIQ rate to curb inflation
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At its latest meeting held on 1 April, the Central Bank of Argentina (Banco Central de la República Argentina, BCRA) introduced a floor for the LELIQ rate during April, in order to intensify its fight against inflation.
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