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)||-13.1||-9.2||-17.6||-15.1||-31.6|
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||43.88||0.45 %||Jul 31|
|Stock Market||42,058||2.26 %||Jul 31|
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August 23, 2019
The Universidad Torcuato di Tella (UTDT) consumer confidence index fell to 41.9 points in August from 44.2 points in July, which had marked the best result since January 2018.
August 22, 2019
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) recorded flat growth year-on-year in June, after logging a 2.4% increase in May, which had marked the best result in over a year and exceeded market expectations.
August 21, 2019
Exports jumped 8.3% in year-on-year terms in July, following June’s 1.9% increase.
August 15, 2019
National consumer prices rose 2.2% over the previous month in July, coming in below June’s 2.7% month-on-month increase and marking the lowest reading in 14 months, according to the National Statistical Institute (INDEC).
Argentina: Consumer confidence jumps to 18-month high in July, but remains entrenched in pessimistic terrain
July 26, 2019
The Universidad Torcuato di Tella (UTDT) consumer confidence index surged to 44.2 points in July from 40.6 points in June, marking the best result since January 2018.