Current Account to GDP in Mexico increased to 2.40 percent in 2020 from -0.30 percent in 2019. source: Banco de México

Current Account to GDP in Mexico averaged -1.66 percent from 1980 until 2020, reaching an all time high of 3.40 percent in 1983 and a record low of -6.10 percent in 1992. This page provides - Mexico Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Current Account to GDP - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.

Current Account to GDP in Mexico is expected to reach -1.40 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Current Account to GDP is projected to trend around -0.90 percent of GDP in 2023 and -1.00 percent of GDP in 2024, according to our econometric models.

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Mexico Current Account to GDP

Related Last Previous Unit Reference
Current Account -5505.00 -504.00 USD Million Sep 2022
Current Account to GDP -0.40 2.40 percent of GDP Dec 2021
External Debt 447827.90 453254.10 USD Million Dec 2021
Terms of Trade 44.42 43.81 points Nov 2022
Foreign Direct Investment 3443.00 7204.00 USD Million Sep 2022
Remittances 15449.14 15043.11 USD Million Sep 2022
Oil Exports 2844.41 2476.54 USD Million Dec 2022
Non Oil Exports 46478.56 46834.73 USD Million Dec 2022
Capital Flows -52.60 -1.90 USD Million Sep 2022

Mexico 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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.40 2.40 3.40 -6.10 1980 - 2021 percent of GDP Yearly