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.