Argentina recorded a Current Account surplus of 1 percent of the country's Gross Domestic Product in 2020. source: Instituto Nacional de Estadística y Censos (INDEC)

Current Account to GDP in Argentina averaged -0.99 percent from 1980 until 2020, reaching an all time high of 7.90 percent in 2002 and a record low of -5.20 percent in 2018. This page provides - Argentina Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Argentina Current Account to GDP - values, historical data and charts - was last updated on June of 2021.

Current Account to GDP in Argentina is expected to reach 2.30 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina Current Account to GDP is projected to trend around 1.30 percent in 2022 and 0.80 percent in 2023, according to our econometric models.

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Argentina Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
1.00 -0.90 7.90 -5.20 1980 - 2020 percent of GDP Yearly

Argentina Trade Last Previous Highest Lowest Unit
Balance of Trade 1470.00 400.00 2543.00 -1495.00 USD Million [+]
Current Account -1372.00 1163.00 4297.83 -9388.49 USD Million [+]
Current Account to GDP 1.00 -0.90 7.90 -5.20 percent of GDP [+]
Imports 4673.00 5320.00 7671.00 36.00 USD Million [+]
Exports 6143.00 5720.00 8393.00 55.00 USD Million [+]
External Debt 271505.09 272852.02 283129.64 87524.40 USD Million [+]
Terms of Trade 146.60 137.50 151.30 73.60 points [+]
Capital Flows -506.16 1222.79 7623.00 -9626.44 USD Million [+]
Foreign Direct Investment 42.41 65.32 734.77 18.22 USD Millions [+]
Tourist Arrivals 11116.00 21089.00 1851392.00 0.00 [+]
Gold Reserves 61.74 61.74 61.74 0.28 Tonnes [+]
Crude Oil Production 467.03 486.92 855.00 395.35 BBL/D/1K [+]
Terrorism Index 1.02 1.68 2.81 0.36 [+]


Argentina Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.