Argentina’s current account swung to a $1.37 billion deficit in the fourth quarter of 2020 from a $2.52 billion surplus in the last three months of 2019, surpassing market expectations of a $1 billion gap. The result was mainly explained by a fall in exports, down to $12.7 billion in the fourth quarter of 2020 from $17.18 billion in the same period of the previous year. In contrast, import grew to $11.44 billion from $10.19 billion. Meanwhile, the primary income gap narrowed to $2.19 billion from $4.12 billion, whereas the secondary income surplus fell to $0.19 billion from $0.24 billion. For the whole 2020, Argentina booked a surplus of $2.99 billion after notching a $4.0 billion deficit in the previous 12 months. source: Instituto Nacional de Estadística y Censos (INDEC)
Current Account in Argentina averaged -1014.25 USD Million from 1976 until 2020, reaching an all time high of 4297.83 USD Million in the second quarter of 2009 and a record low of -9388.49 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 May of 2021.
Current Account in Argentina is expected to be -1500.00 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 -2750.00 in 12 months time. In the long-term, the Argentina Current Account is projected to trend around -4000.00 USD Million in 2022, according to our econometric models.