Argentina posted a current account deficit of USD 3,031 million in the third quarter of 2022, the widest gap since Q1 of 2019, and swinging from USD 3,444 million in the corresponding period of the period year. The goods account surplus narrowed to USD 1,145 million from USD 6,659 million, as soaring energy prices drove imports to jump by 33% year-on-year. In the meantime, the services gap widened to USD 1,918 million from USD 964 million and the primary account deficit widened to USD 2,752 million from USD 2,612 million. On the other hand, the secondary account surplus rose to USD 493 million from USD 360 million. source: Instituto Nacional de Estadística y Censos (INDEC)

Current Account in Argentina averaged -960.26 USD Million from 1976 until 2022, 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 February of 2023.

Current Account in Argentina is expected to be -1370.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina Current Account is projected to trend around -950.00 USD Million in 2023, according to our econometric models.

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Argentina Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-09-22 07:00 PM Q2 $-894M $-1529M $-700M $-310M
2022-12-20 07:00 PM Q3 $-3031M $-894M $-1400M $-930M
2023-03-28 07:00 PM Q4 $-3031M $ -1370M


Related Last Previous Unit Reference
Balance of Trade 1102.00 1339.00 USD Million Dec 2022
Current Account -3031.00 -894.00 USD Million Sep 2022
Current Account to GDP 1.00 0.90 percent of GDP Dec 2021
Exports 6119.00 7122.00 USD Million Dec 2022
Imports 5017.00 5762.00 USD Million Dec 2022
External Debt 271775.58 274836.62 USD Million Sep 2022
Terms of Trade 151.40 135.30 points Dec 2022
Capital Flows -3227.03 -2809.12 USD Million Sep 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
-3031.00 -894.00 4297.83 -9388.49 1976 - 2022 USD Million Quarterly

News Stream
Argentina Registers Widest Current Account Since 2019
Argentina posted a current account deficit of USD 3,031 million in the third quarter of 2022, the widest gap since Q1 of 2019, and swinging from USD 3,444 million in the corresponding period of the period year. The goods account surplus narrowed to USD 1,145 million from USD 6,659 million, as soaring energy prices drove imports to jump by 33% year-on-year. In the meantime, the services gap widened to USD 1,918 million from USD 964 million and the primary account deficit widened to USD 2,752 million from USD 2,612 million. On the other hand, the secondary account surplus rose to USD 493 million from USD 360 million.
2022-12-20
Argentina Current Account Deficit Narrows
Argentina posted a current account deficit of USD 894 million in the second quarter of 2022, improving from the previous quarter’s updated deficit of USD 1,529 million while being significantly lower than the USD 2,536 million surplus in the second quarter of 2021. Goods and services YoY declined to 3,065 million from 5,168 million. Exports and imports increased to 25,041 million from 19,980 million and to 21,976 million from 14,812 respectively. Primary income decreased to negative 2,904 million from negative 2,439 million. Secondary income increased moderately to 563 million from 445 million.
2022-09-22
Argentina Current Account Swings to Deficit in Q1
Argentina posted a current account deficit of USD 1,130 million in the first quarter of 2022, switching from a USD 438 million surplus in the corresponding period of the previous year. The goods surplus narrowed to USD 2,620 million from USD 3,242 million a year earlier and the services account gap widened markedly to USD 2,009 million, from USD 615 million. Meanwhile, the primary income deficit narrowed to USD 2,150 million from USD 2,511 million and the secondary income superavit went up to USD 409 million from USD 321 million.
2022-06-28