Current Account in Argentina
Argentina - Current Account
Current account surplus narrows in third quarter
The current account recorded a surplus of USD 900 million in the third quarter. The result was lower than the USD 3.2 surplus registered in the second quarter and was also short of the USD 3.7 billion surplus recorded in the third quarter of the previous year. The deterioration compared to the previous quarter was mainly driven by a narrowing trade balance, which fell from a USD 6.0 billion surplus in the second quarter to a USD 3.7 billion surplus in the third. That said, the income balance remained broadly unchanged compared to the previous quarter, which marked a USD 2.5 billion deficit. Meanwhile, the transfer balance deteriorated, dropping from a USD 65 million deficit to a USD 81 million deficit. Finally, while the services balance remained in deficit territory, it improved compared to the previous quarter, recording a USD 281 million deficit, which was up from the USD 320 million deficit recorded in Q2. Despite the positive quarterly reading, the moving annual current account fell from a USD 7.8 billion surplus in the second quarter to a USD 5.1 billion surplus.
Argentina - Current Account Data
|Current Account (% of GDP)||-2.1||-1.6||-2.6||-2.7||-4.8|
5 years of economic forecasts for more than 30 economic indicators.
Argentina Current Account Chart
Source: Argentina Central Bank and Met the why particular calculations.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||45.13||0.45 %||May 13|
|Stock Market||32,300||2.26 %||May 13|
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May 16, 2019
National consumer prices rose 3.4% over the previous month in April, coming in below March’s 4.7% month-on-month jump and ending a three-month streak of intensifying price pressures, according to the National Statistical Institute (INDEC).
May 9, 2019
Exports declined 5.0% in year-on-year terms in March, contrasting February’s 3.7% increase.
May 7, 2019
Industrial production shrank an abysmal 13.4% over the same month of last year in March, according to data released by the National Statistical Institute (INDEC) on 6 May.
May 2, 2019
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 4.8% in annual terms in February, a softer drop than the revised 5.8% plunge recorded in January (previously reported: -5.7% year-on-year).
April 30, 2019
The Universidad Torcuato di Tella (UTDT) consumer confidence index dropped to 34.4 points in April from 34.8 points in March.