Mexico recorded a Current Account deficit of 0.90 percent of the country's Gross Domestic Product in 2022. source: Banco de México

Current Account to GDP in Mexico averaged -1.62 percent of GDP from 1980 until 2022, reaching an all time high of 3.40 percent of GDP in 1983 and a record low of -6.10 percent of GDP 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 June of 2023.

Current Account to GDP in Mexico is expected to reach -1.30 percent of GDP by the end of 2023, 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 -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 -14282.00 2573.00 USD Million Mar 2023
Current Account to GDP -0.90 -0.60 percent of GDP Dec 2022
External Debt 447827.90 453254.10 USD Million Dec 2021
Terms of Trade 46.88 45.85 points Apr 2023
Foreign Direct Investment 1548.10 3443.00 USD Million Dec 2022
Remittances 13948.28 15519.70 USD Million Mar 2023
Oil Exports 2617.42 2581.44 USD Million Apr 2023
Non Oil Exports 43606.81 51002.65 USD Million Apr 2023
Capital Flows 97.50 -11.70 USD Million Mar 2023

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
-0.90 -0.60 3.40 -6.10 1980 - 2022 percent of GDP Yearly