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.

Current Account in Argentina averaged -1046.31 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 August 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.

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Argentina Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-444.13 2518.33 4297.83 -9388.49 1976 - 2020 USD Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-09-26 07:00 PM Q2 $-2.561B $-3.69B $-3B
2019-12-19 07:00 PM Q3 $-1.052B $-1.913B $-5.5B
2020-03-26 07:00 PM Q4 $2.98B $-1.052B $ -5.5B
2020-06-30 07:00 PM Q1 $-0.44B $2.52B $-0.165B $-0.2B
2020-09-29 07:00 PM Q2 $-0.44B $1.5B
2020-12-28 07:00 PM Q3 $0.5B


News Stream
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 Swings to Surplus
Argentina’s current account swang to a USD 2.98 billion surplus in the fourth quarter of 2019 from USD 1.97 billion deficit in the same period a year earlier. The goods account surplus widened to USD 6.99 billion from USD 3.36 billion a year earlier and the services shortfall declined to USD 1.47 billion from USD 2.05 billion. Meanwhile, the secondary income surplus narrowed to USD 0.24 billion from USD 0.41 billion a year earlier, whereas the primary income deficit shortened to USD 3.62 billion from USD 4.59 billion a year ago. The annual deficit narrowed sharply to USD 3.46 billion from USD 27.28 in 2018.
2020-03-26
Argentina Current Account Deficit Narrows Sharply
Argentina’s current account deficit narrowed sharply to USD 1.05 billion in the second quarter of 2019 from USD 7.45 billion in the same period a year earlier. The goods account shifted to a USD 4.47 billion surplus from a USD 0.75 billion gap a year earlier and the services shortfall declined to USD 1.47 billion from USD 2.05 billion. Meanwhile, the secondary income surplus narrowed to USD 0.23 billion from USD 0.25 billion in the third quarter of 2018 and the primary income deficit shortened to USD 4.28 billion from USD 4.90 billion a year ago.
2019-12-19
Argentina Current Account Deficit Narrows Sharply
Argentina’s current account deficit narrowed sharply to USD 2.56 billion in the second quarter of 2019 from USD 8.50 billion in the same period a year earlier. The goods account shifted to a USD 4.16 billion surplus from a USD 1.69 billion gap a year earlier and the services shortfall declined to USD 1.49 billion from USD 2.63 billion. Meanwhile, the secondary income surplus narrowed to USD 0.08 billion from USD 0.49 billion in the first quarter of 2019 and the primary income deficit rose to USD 5.31 billion from USD 4.65 billion.
2019-09-26

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).