Mexico’s current account shifted to a USD 2.01 billion surplus in the third quarter of 2019 from an upwardly revised USD 5.79 billion deficit in the same period of the previous year. The goods gap narrowed sharply to USD 0.52 billion from USD 5.80 billion a year earlier and the services shortfall declined to USD 1.96 billion from USD 2.92 billion. In addition, the primary income deficit fell to USD 4.98 billion from USD 5.34 billion a year ago and the secondary income surplus widened to USD 9.48 billion from USD 8.27 billion. Current Account in Mexico averaged -1782.42 USD Million from 1950 until 2019, reaching an all time high of 4520.50 USD Million in the second quarter of 2019 and a record low of -11314.10 USD Million in the first quarter of 2017. source: Banco de México

Current Account in Mexico is expected to be -1800.00 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 Mexico to stand at -3900.00 in 12 months time. In the long-term, the Mexico Current Account is projected to trend around -4500.00 USD Million in 2020, according to our econometric models.

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Mexico Current Account

Actual Previous Highest Lowest Dates Unit Frequency
2013.30 4520.50 4520.50 -11314.10 1950 - 2019 USD Million Quarterly
Current Prices, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-02-25 03:00 PM Q4 $-3424M $-5703M $-3302M $-3500M
2019-05-24 02:00 PM Q1 $-5634M $-2937M $-9500M
2019-08-23 02:00 PM Q2 $5143M $-8508M $-3215M $-1900M
2019-11-25 03:00 PM Q3 $2013M $4521M $2300M
2020-02-25 03:00 PM Q4 $2013M $3100M


News Stream
2019-08-23
Mexico Posts Largest Current Account Surplus on Record
Mexico’s current account shifted to a USD 5.14 billion surplus in the second quarter of 2019 from an upwardly revised USD 3.19 billion deficit in the corresponding period of the previous year and well above market consensus of a USD 3.22 billion shortfall. It was the largest current account surplus on record, as the goods account swung to a USD 4.92 billion surplus from a USD 2.78 billion gap and the services shortfall narrowed to USD 1.25 billion from USD 2.43 billion. Additionally, the secondary income surplus widened to USD 9.21 billion from USD 8.84 billion a year earlier. Meanwhile, the primary income deficit rose to USD 7.74 billion from USD 6.82 billion.

2019-05-24
Mexico Current Account Deficit Narrows in Q1
Mexico’s current account gap shrank to USD 5.63 billion in the first quarter of 2019 from USD 9.80 billion in the corresponding period of the previous year. The services deficit narrowed sharply to USD 0.19 billion from USD 1.63 billion in the three months to March of 2018; the primary income shortfall fell to USD 11.08 billion from USD 13.41 billion and the secondary income surplus widened to USD 7.49 billion from USD 7.01 billion. On the other hand, the goods gap went up to USD 1.86 billion from USD 1.77 billion a year earlier.

2019-02-25
Mexico Current Account Deficit Widens in Q4
Mexico's current account deficit widened to USD 3.42 billion in the fourth quarter of 2018 from an upwardly revised USD 1.94 billion in the same quarter of the previous year and compared with market expectations of a USD 3.30 billion shortfall. The goods deficit advanced to USD 3.54 billion from a USD 1.87 deficit in the fourth quarter of 2017 and the primary income gap increased to USD 6.78 billion from USD 6.08 billion in the fourth quarter of 2017. Meantime, the services shortfall declined to USD 1.67 billion from USD 1.85 billion and the secondary income surplus rose to USD 8.56 billion from USD 7.87 billion. Considering full 2018, the current account balance posted a USD 22.19 billion gap compared to a USD 19.40 billion deficit in 2017.


Mexico 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).

Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade 790.35 -725.62 2561.01 -4642.52 USD Million [+]
Current Account 2013.30 4520.50 4520.50 -11314.10 USD Million [+]
Current Account to GDP -1.80 -1.70 3.40 -6.10 percent [+]
Imports 36705.37 41456.27 44290.89 647.02 USD Million [+]
Exports 37495.72 40730.66 41825.44 1225.59 USD Million [+]
External Debt 449495.50 457279.90 457279.90 0.70 USD Million [+]
Terms of Trade 49.22 48.83 106.34 43.37 points [+]
Foreign Direct Investment 7332.00 6234.70 21010.90 -63.90 USD Million [+]
Remittances 9725.69 9402.60 9725.69 158.70 USD Million [+]
Tourism Revenues 1897194.44 1622841.51 2522955.40 158919.00 USD Thousand [+]
Tourist Arrivals 1998.95 1633.72 2683.20 56.59 Thousand [+]
Gold Reserves 120.06 120.03 125.30 2.50 Tonnes [+]
Crude Oil Production 1733.00 1708.00 3547.00 1647.00 BBL/D/1K [+]
Terrorism Index 4.08 3.53 4.51 1.35 [+]
Capital Flows -8.60 -2.20 12079.70 -3457.70 USD Million [+]
Auto Exports 229.23 268.30 323.63 9.50 Thousand Units [+]