Argentina’s current account deficit narrowed sharply to USD 3.85 billion in the first quarter of 2019 from USD 9.37 billion in the same period a year earlier. The goods account switched to a USD 2.56 billion surplus from a USD 1.65 billion gap a year earlier and the services shortfall declined to USD 1.71 billion from USD 3.40 billion. Also, the secondary income surplus widened to USD 0.28 billion from USD 0.17 billion in the first quarter of 2019. In contrast, the primary income deficit rose to USD 4.99 billion from USD 4.49 billion. Current Account in Argentina averaged -1072.14 USD Million from 1976 until 2019, reaching an all time high of 4297.83 USD Million in the second quarter of 2009 and a record low of -9368.69 USD Million in the first quarter of 2018.

Current Account in Argentina is expected to be -8776.73 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Argentina to stand at -9200.00 in 12 months time. In the long-term, the Argentina Current Account is projected to trend around -8000.00 USD Million in 2020, according to our econometric models.

Argentina Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-27 07:00 PM Current Account Q2 $-8.3B $-9.6B $-8.6B
2018-12-27 07:00 PM Current Account Q3 $-7.59B $-8.3B $-8.8B
2019-03-26 07:00 PM Current Account Q4 $-2.32B $-7.59B $ -8.9B
2019-06-26 07:00 PM Current Account Q1 $-3.85B $-2.16B $-2.7B $ -2.9B
2019-09-26 07:00 PM Current Account Q2 $-3.85B
2019-12-27 07:00 PM Current Account Q3


Argentina Trade Last Previous Highest Lowest Unit
Balance of Trade 951.00 1062.00 2543.00 -1494.00 USD Million [+]
Current Account -3849.43 -2157.26 4297.83 -9368.69 USD Million [+]
Current Account to GDP -5.40 -4.90 8.00 -5.40 percent [+]
Imports 4905.00 4174.00 7671.00 36.00 USD Million [+]
Exports 5856.00 5235.00 8393.00 55.00 USD Million [+]
External Debt 275827.96 277921.29 277921.29 87524.40 USD Million [+]
Terms of Trade 129.80 130.10 151.40 73.60 Index Points [+]
Capital Flows -4902.66 -1836.66 7623.00 -9626.29 USD Million [+]
Foreign Direct Investment 161.11 160.60 734.77 18.22 USD Millions [+]
Tourist Arrivals 217028.00 228494.00 1851392.00 164300.00 [+]
Gold Reserves 54.90 61.70 61.74 0.28 Tonnes [+]
Crude Oil Production 508.00 502.00 855.00 454.00 BBL/D/1K [+]
Terrorism Index 1.68 0.81 2.81 0.36 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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). 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-3849.43 -2157.26 4297.83 -9368.69 1976 - 2019 USD Million Quarterly




Country Last Previous
Argentina -3849.43 Mar/19
Australia -2900.00 Mar/19
Brazil -2914.00 Jun/19
Canada -17347.00 Mar/19
China 570.00 Jun/19
Euro Area 23.09 Jun/19
France -755.00 Jun/19
Germany 20646.19 Jun/19
India -4600.00 Mar/19
Indonesia -8442.80 Jun/19
Italy 5046.60 Jun/19
Japan 1211.17 Jun/19
Mexico -5634.10 Mar/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 21497.50 Jun/19
South Africa -142495.00 Mar/19
South Korea 6380.00 Jun/19
Spain 2701.00 May/19
Switzerland 17215.95 Mar/19
Turkey -548.00 Jun/19
United Kingdom -30045.00 Mar/19
United States -130400.00 Mar/19


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