Argentina’s current account deficit narrowed sharply to USD 2.32 billion in the fourth quarter of 2018 from USD 9.27 billion in the same period a year earlier. It was the smallest current account shortfall since the last quarter of 2014, as the goods account switched to a surplus of USD 3.26 billion from a USD 2.43 billion gap a year earlier and the services account shortfall declined to USD 1.31 billion from USD 2.22 billion. Also, the primary income account deficit fell modestly to USD 4.68 billion from USD 4.73 billion and the secondary income account surplus widened to USD 0.41 billion from USD 0.01 billion. Current Account in Argentina averaged -1054.83 USD Million from 1976 until 2018, reaching an all time high of 4297.83 USD Million in the second quarter of 2009 and a record low of -9563 USD Million in the first quarter of 2018.

Current Account in Argentina is expected to be -9200.00 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 -9400.00 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.

Argentina Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-26 07:00 PM Current Account $-9.6B $-9.3B $-9B $-9.4B
2018-09-27 07:00 PM Current Account $-8.3B $-9.6B $-8.6B
2018-12-27 07:00 PM Current Account $-7.59B $-8.3B $-8.8B
2019-03-26 07:00 PM Current Account $-2.32B $-7.59B $ -8.9B
2019-06-26 07:00 PM Current Account $-2.32B $ -9.2B
2019-09-26 07:00 PM Current Account
2019-12-27 07:00 PM Current Account


Argentina Trade Last Previous Highest Lowest Unit
Balance of Trade 1183.00 460.00 2543.00 -1494.00 USD Million [+]
Current Account -2317.00 -7478.00 4297.83 -9563.00 USD Million [+]
Current Account to GDP -5.40 -4.90 8.00 -5.40 percent [+]
Imports 3953.00 4004.00 7671.00 36.00 USD Million [+]
Exports 5136.00 4464.00 8393.00 55.00 USD Million [+]
External Debt 277921.29 254979.63 277921.29 87524.40 USD Million [+]
Terms of Trade 127.20 128.90 151.40 73.60 Index Points [+]
Capital Flows -2529.11 -7332.59 7623.00 -9781.15 USD Million [+]
Foreign Direct Investment 734.77 232.31 734.77 86.19 USD Millions [+]
Tourist Arrivals 339176.00 294642.00 1851392.00 164300.00 [+]
Gold Reserves 61.70 61.70 61.74 0.28 Tonnes [+]
Crude Oil Production 498.00 495.00 855.00 454.00 BBL/D/1K [+]
Terrorism Index 1.68 0.81 2.81 0.36 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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). 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 - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2317.00 -7478.00 4297.83 -9563.00 1976 - 2018 USD Million Quarterly




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -494.20 Mar/19
Canada -15483.00 Dec/18
China 545.99 Dec/18
Euro Area 15.50 Feb/19
France -778.00 Feb/19
Germany 16300.00 Feb/19
India -16899.55 Dec/18
Indonesia -9148.00 Dec/18
Italy 3252.80 Feb/19
Japan 2676.85 Feb/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 3601.90 Feb/19
Spain -1472.00 Jan/19
Switzerland 15181.70 Dec/18
Turkey -718.00 Feb/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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