Argentina’s current account swung to a USD 2.82 billion surplus in the second quarter of 2020 from USD 1.94 billion deficit in the same period a year earlier. The goods account surplus widened to USD 5.27 billion from USD 4.22 billion a year earlier and the services shortfall declined to USD 0.30 billion from USD 1.38 billion. In addition, the secondary income surplus increased to USD 0.34 billion from USD 0.09 billion a year earlier, whereas the primary income deficit narrowed to USD 2.48 billion from USD 4.7 billion.
Current Account in Argentina averaged -1024.47 USD Million from 1976 until 2020, reaching an all time high of 4297.83 USD Million in the second quarter of 2009 and a record low of -9388.49 USD Million in the first quarter of 2018. This page provides the latest reported value for - Argentina Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Argentina Current Account - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Instituto Nacional de Estadística y Censos (INDEC)
Current Account in Argentina is expected to be 500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Argentina to stand at -2000.00 in 12 months time. In the long-term, the Argentina Current Account is projected to trend around -4000.00 USD Million in 2021 and -6000.00 USD Million in 2022, according to our econometric models.