Argentina’s current account swung to a $1.37 billion deficit in the fourth quarter of 2020 from a $2.52 billion surplus in the last three months of 2019, surpassing market expectations of a $1 billion gap. The result was mainly explained by a fall in exports, down to $12.7 billion in the fourth quarter of 2020 from $17.18 billion in the same period of the previous year. In contrast, import grew to $11.44 billion from $10.19 billion. Meanwhile, the primary income gap narrowed to $2.19 billion from $4.12 billion, whereas the secondary income surplus fell to $0.19 billion from $0.24 billion. For the whole 2020, Argentina booked a surplus of $2.99 billion after notching a $4.0 billion deficit in the previous 12 months. source: Instituto Nacional de Estadística y Censos (INDEC)

Current Account in Argentina averaged -1014.25 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 June of 2021.

Current Account in Argentina is expected to be -2000.00 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 -3200.00 in 12 months time. In the long-term, the Argentina Current Account is projected to trend around -4000.00 USD Million in 2022, according to our econometric models.

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Argentina Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-1372.00 1163.00 4297.83 -9388.49 1976 - 2020 USD Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-30 07:00 PM Q1 $-0.44B $2.52B $-0.165B $-0.2B
2020-09-29 07:00 PM Q2 $2.84B $-0.444B $1.5B $1.5B
2020-12-23 07:00 PM Q3 $1.16B $2.92B $0.5B
2021-03-30 07:00 PM Q4 $-1.372B $1.163B $-1B $-0.8B
2021-06-22 07:00 PM Q1 $-1.372B $-2.1B
2021-09-16 07:00 PM Q2
2021-12-28 07:00 PM Q3


News Stream
Argentina Current Account Swings to Deficit
Argentina’s current account swung to a $1.37 billion deficit in the fourth quarter of 2020 from a $2.52 billion surplus in the last three months of 2019, surpassing market expectations of a $1 billion gap. The result was mainly explained by a fall in exports, down to $12.7 billion in the fourth quarter of 2020 from $17.18 billion in the same period of the previous year. In contrast, import grew to $11.44 billion from $10.19 billion. Meanwhile, the primary income gap narrowed to $2.19 billion from $4.12 billion, whereas the secondary income surplus fell to $0.19 billion from $0.24 billion. For the whole 2020, Argentina booked a surplus of $2.99 billion after notching a $4.0 billion deficit in the previous 12 months.
2021-03-30
Argentina Current Account Swings to Surplus
Argentina’s current account swung to a USD 1.16 billion surplus in the third quarter of 2020 from USD 1.03 billion deficit in the same period a year earlier. The goods account surplus narrowed to USD 4 billion from USD 4.47 billion a year earlier, whereas the services shortfall declined to USD 0.58 billion from USD 1.47 billion. In addition, the primary income deficit narrowed sharply to USD 2.56 billion from USD 4.26 billion, while the secondary income surplus increased modestly to USD 0.29 billion from USD 0.22 billion a year earlier.
2020-12-23
Argentina Current Account Swings to Surplus
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.
2020-09-29
Argentina Posts Smallest Current Account Deficit Since 2013
Argentina’s current account deficit narrowed to USD 0.44 billion in the first quarter of 2020 from USD 3.54 billion in the same period a year earlier. It was the smallest trade gap since the second quarter of 2013, as the goods account surplus widened to USD 3.77 billion from USD 2.55 billion and the services shortfall declined to USD 0.86 billion from USD 1.78 billion. In addition, the secondary income surplus increased to USD 0.31 billion from USD 0.28 billion a year earlier and the primary income deficit fell to USD 3.67 billion from USD 4.59 billion.
2020-06-30

Argentina Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).