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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| External Debt (% of GDP) | 25.9 | 29.0 | 26.1 | 34.7 | 36.2 |
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 | 42.51 | 0.45 % | Apr 22 |
| Stock Market | 30,787 | 2.26 % | Apr 22 |
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Economic News
Argentina: Inflation continues to soar in March
April 17, 2019
National consumer prices jumped 4.7% over the previous month in March, coming in above February’s 3.8% month-on-month increase and marking the fastest increase since October 2018, according to the National Statistical Institute (INDEC). March’s reading marks the third consecutive month of acceleration in month-on-month price increases.
Argentina: Peso falls to new all-time low in early April
April 6, 2019
The Argentine peso depreciated in the last few weeks, despite the Central Bank’s tight monetary policy stance.
Argentina: Peso falls to new all-time low in late March
April 4, 2019
The Argentine peso depreciated in the last few weeks, despite the Central Bank’s tight monetary policy stance.
Argentina: Contraction in industrial production eases again in February
April 4, 2019
Industrial production shrank 8.5% over the same month of last year in February, according to data released by the National Statistical Institute (INDEC) on 4 April.
Argentina: Central Bank introduces a floor on LELIQ rate to curb inflation
April 1, 2019
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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