Mexico's current account deficit widened to USD 3.42 billion in the fourth quarter of 2018 from an upwardly revised USD 1.94 billion in the same quarter of the previous year and compared with market expectations of a USD 3.30 billion shortfall. The goods deficit advanced to USD 3.54 billion from a USD 1.87 deficit in the fourth quarter of 2017 and the primary income gap increased to USD 6.78 billion from USD 6.08 billion in the fourth quarter of 2017. Meantime, the services shortfall declined to USD 1.67 billion from USD 1.85 billion and the secondary income surplus rose to USD 8.56 billion from USD 7.87 billion. Considering full 2018, the current account balance posted a USD 22.19 billion gap compared to a USD 19.40 billion deficit in 2017. Current Account in Mexico averaged -2096.16 USD Million from 1960 until 2018, reaching an all time high of 2173.70 USD Million in the first quarter of 1984 and a record low of -10661.90 USD Million in the first quarter of 2017.

Current Account in Mexico is expected to be -9500.00 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 Mexico to stand at -1800.00 in 12 months time. In the long-term, the Mexico Current Account is projected to trend around -3700.00 USD Million in 2020, according to our econometric models.

Mexico Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-05-25 02:00 PM Current Account $-6941M $-2872M $-5515M $ -1800M
2018-08-24 02:00 PM Current Account $-3882M $-8763M $ -8000M
2018-11-23 03:00 PM Current Account $-5081.5M $-3074.5M $-4400M $ -4300M
2019-02-25 03:00 PM Current Account $-3424M $-5703M $-3302M $-3500M
2019-05-24 02:00 PM Current Account $-3424M $-9500M
2019-08-23 02:00 PM Current Account $-1900M
2019-11-25 03:00 PM Current Account $-5000M


Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade 1222.00 -4810.00 1836.32 -4810.00 USD Million [+]
Current Account -3424.00 -5703.10 2173.70 -10661.90 USD Million [+]
Current Account to GDP -1.60 -2.10 3.40 -6.10 percent [+]
Imports 35074.09 37263.00 44288.19 647.02 USD Million [+]
Exports 36295.71 32453.40 41352.22 1225.59 USD Million [+]
External Debt 446097.80 451594.30 453548.00 0.70 USD Million [+]
Terms of Trade 48.00 47.26 106.34 43.37 Index Points [+]
Foreign Direct Investment 5029.80 4135.00 21154.60 -63.90 USD Million [+]
Remittances 8776.40 8432.03 9057.60 158.70 USD Million [+]
Tourism Revenues 2458027.55 1794008.16 2458027.55 158919.00 USD Thousand [+]
Tourist Arrivals 1956.64 1961.28 2683.20 56.59 Thousand [+]
Gold Reserves 119.90 120.00 125.35 2.55 Tonnes [+]
Crude Oil Production 1733.00 1865.00 3547.00 1733.00 BBL/D/1K [+]
Terrorism Index 3.53 3.29 4.51 1.35 [+]
Capital Flows -12.40 -17.50 12079.70 -3457.70 USD Million [+]

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



Mexico 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 - Mexico Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Current Account - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-3424.00 -5703.10 2173.70 -10661.90 1960 - 2018 USD Million Quarterly
Current Prices, NSA




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -1134.00 Feb/19
Canada -15483.00 Dec/18
China 545.99 Dec/18
Euro Area 15.50 Feb/19
France -778.00 Feb/19
Germany 16300.00 Feb/19
India -16899.55 Dec/18
Indonesia -9148.00 Dec/18
Italy 3252.80 Feb/19
Japan 2676.85 Feb/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 3601.90 Feb/19
Spain -1472.00 Jan/19
Switzerland 15181.70 Dec/18
Turkey -718.00 Feb/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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