Argentina’s current account swang to a USD 2.98 billion surplus in the fourth quarter of 2019 from USD 1.97 billion deficit in the same period a year earlier. The goods account surplus widened to USD 6.99 billion from USD 3.36 billion a year earlier and the services shortfall declined to USD 1.47 billion from USD 2.05 billion. Meanwhile, the secondary income surplus narrowed to USD 0.24 billion from USD 0.41 billion a year earlier, whereas the primary income deficit shortened to USD 3.62 billion from USD 4.59 billion a year ago. The annual deficit narrowed sharply to USD 3.46 billion from USD 27.28 in 2018.
Current Account in Argentina averaged -1071.21 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 -9425.71 USD Million in the first quarter of 2018. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Instituto Nacional de Estadística y Censos (INDEC)
Current Account in Argentina is expected to be -3500.00 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 -6500.00 in 12 months time. In the long-term, the Argentina Current Account is projected to trend around -8000.00 USD Million in 2021, according to our econometric models.