Argentina recorded a Current Account surplus of 1 percent of the country's Gross Domestic Product in 2020. source: Instituto Nacional de Estadística y Censos (INDEC)

Current Account to GDP in Argentina averaged -0.99 percent from 1980 until 2020, reaching an all time high of 7.90 percent in 2002 and a record low of -5.20 percent in 2018. This page provides - Argentina Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Argentina Current Account to GDP - values, historical data and charts - was last updated on February of 2023.

Current Account to GDP in Argentina is expected to reach 0.10 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina Current Account to GDP is projected to trend around 0.50 percent of GDP in 2023 and 0.10 percent of GDP in 2024, according to our econometric models.

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Argentina Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade 1102.00 1339.00 USD Million Dec 2022
Current Account -3031.00 -894.00 USD Million Sep 2022
Current Account to GDP 1.00 0.90 percent of GDP Dec 2021
Exports 6119.00 7122.00 USD Million Dec 2022
Imports 5017.00 5762.00 USD Million Dec 2022
External Debt 271775.58 274836.62 USD Million Sep 2022
Terms of Trade 135.30 142.20 points Sep 2022
Capital Flows -3227.03 -2809.12 USD Million Sep 2022

Argentina Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.90 7.90 -5.20 1980 - 2021 percent of GDP Yearly