Mexico’s current account surplus widened sharply to USD 17.4 billion in the fourth quarter of 2020 from USD 3.2 billion in the same period of the previous year. It was the second-largest current account surplus ever recorded, as the goods surplus rose markedly to USD 15.5 billion from USD 3.2 billion a year earlier. Also, the secondary income surplus also rose sharply to USD 10.5 billion from USD 9 billion in the fourth quarter of 2019. Meantime, the services deficit went up slightly to USD 1.8 billion from USD 1.7 billion, while the primary income gap fell to USD 6.8 billion from USD 7.2 billion. In 2020, the country's current account shifted to a surplus of USD 26.6 billion compared to a gap of USD 4.2 billion a year ago. It was the first current account surplus since 2005 and the largest since 1983. source: Banco de México
Current Account in Mexico averaged -1681.63 USD Million from 1950 until 2020, reaching an all time high of 17408.90 USD Million in the fourth quarter of 2020 and a record low of -11694.60 USD Million in the first quarter of 2017. This page provides - Mexico Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Current Account - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Current Account in Mexico 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 Mexico to stand at -4500.00 in 12 months time. In the long-term, the Mexico Current Account is projected to trend around -4800.00 USD Million in 2022 and -5200.00 USD Million in 2023, according to our econometric models.