External Debt in Argentina
Argentina - External Debt
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 - External Debt Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| External Debt (% of GDP) | 25.7 | 32.6 | 36.1 | 51.4 | 63.7 |
Argentina External Debt Chart
Source: Argentina Central Bank and FocusEconomics calculations.
Argentina Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.69 | 0.15 % | Dec 17 |
| Exchange Rate | 59.88 | 0.45 % | Dec 30 |
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Economic News
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Argentina: Inflation ticks down in August
September 15, 2021
Consumer prices rose 2.5% over the previous month in August, following the 3.0% increase logged in July.
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Argentina: Consumer confidence improves again in August
September 8, 2021
The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 39.8 in August from 37.9 in July, marking the best reading since November 2020.
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Argentina: Industrial output growth moderates in July
September 8, 2021
Industrial output rose 13.0% in year-on-year terms in July, which was a softer expansion than June's 19.4%.
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Argentina: Economic activity growth eases in June
August 19, 2021
The monthly indicator for economic activity (EMAE) grew 10.8% year-on-year in June (May: +13.6% yoy).
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Argentina: Merchandise exports gain steam in July
August 19, 2021
Merchandise exports soared 47.1% annually in July (June: +46.5% year-on-year).
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