Argentina’s current account deficit narrowed modestly to USD 7.59 billion in the third quarter of 2018 from USD 8.27 billion in the same period a year earlier. The goods account gap narrowed to USD 0.79 billion from USD 1.69 billion a year earlier, with imports declining to USD 16.40 billion from USD 17.63 billion and exports edging down to USD 15.61 billion from USD 15.84 billion. In addition, the services account deficit narrowed to USD 2.12 billion from USD 2.67 billion. In contrast, the primary income gap widened to USD 4.93 billion from USD 3.84 billion. Meantime, the secondary income balance switched to a USD 0.25 billion surplus from a USD 0.07 billion gap. Current Account in Argentina averaged -957.49 USD Million from 1976 until 2018, reaching an all time high of 7590 USD Million in the third quarter of 2018 and a record low of -9563 USD Million in the first quarter of 2018.
Current Account in Argentina is expected to be -9100.00 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 -9179.81 in 12 months time. In the long-term, the Argentina Current Account is projected to trend around -8700.00 USD Million in 2020, according to our econometric models.