External Debt in Argentina

Argentina External Debt | Economic News & Forecasts

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  

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Argentina External Debt Chart

Argentina External Debt
Note: External debt as % of GDP.
Source: Argentina Central Bank and FocusEconomics calculations.

Argentina Facts

Bond Yield6.690.15 %Dec 17
Exchange Rate39.860.45 %Sep 14
Stock Market30,1772.26 %Sep 14

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