Mexico’s current account deficit narrowed to USD 0.98 billion in the first quarter of 2020 from an upwardly revised USD 11.14 billion in the corresponding period of the previous year and compared with market expectations of a USD 22.0 billion shortfall. The goods surplus widened to USD 108.6 billion from USD 108.18 billion a year earlier. Also, the secondary income surplus increased to USD 9.38 billion from USD 7.93 billion. On the other hand, the services surplus went down to USD 7.82 billion from USD 8.73 billion in Q1 2019; and the primary income surplus declined to USD 2.42 billion from USD 4.02 billion.

Current Account in Mexico averaged -1797.57 USD Million from 1950 until 2020, reaching an all time high of 4389.50 USD Million in the second quarter of 2019 and a record low of -11625.10 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 August of 2020. source: Banco de México

Current Account in Mexico is expected to be -3900.00 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 -2800.00 in 12 months time. In the long-term, the Mexico Current Account is projected to trend around -4500.00 USD Million in 2021 and -4900.00 USD Million in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Mexico Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-981.80 3197.70 4389.50 -11625.10 1950 - 2020 USD Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-08-23 02:00 PM Q2 $5143M $-8508M $-3215M $-1900M
2019-11-25 03:00 PM Q3 $2013M $4521M $2300M
2020-02-25 03:00 PM Q4 $2487M $820M $3500M $3100M
2020-05-25 02:00 PM Q1 $-982M $3198M $-2200M $-3000M
2020-08-25 02:00 PM Q2 $-982M $-2500M
2020-11-25 03:00 PM Q3 $-3900M


News Stream
Mexico Current Account Narrows Sharply in Q1
Mexico’s current account deficit narrowed to USD 0.98 billion in the first quarter of 2020 from an upwardly revised USD 11.14 billion in the corresponding period of the previous year and compared with market expectations of a USD 22.0 billion shortfall. The goods surplus widened to USD 108.6 billion from USD 108.18 billion a year earlier. Also, the secondary income surplus increased to USD 9.38 billion from USD 7.93 billion. On the other hand, the services surplus went down to USD 7.82 billion from USD 8.73 billion in Q1 2019; and the primary income surplus declined to USD 2.42 billion from USD 4.02 billion.
2020-05-25
Mexico Current Account Swings to Surplus in Q4
Mexico’s current account shifted to a USD 2.49 billion surplus in the last quarter of 2019 from an upwardly revised USD 2.82 billion deficit in the corresponding period of the previous year and compared with market expectations of a USD 3.5 billion surplus. The goods account swung to a USD 3.08 billion surplus from a USD 0.52 billion gap in Q4 2018; and the services shortfall narrowed to USD 1.12 billion from USD 2.89 billion. Meanwhile, the primary income deficit widened to USD 8.39 billion from USD 5.25 billion a year earlier; and the secondary income surplus declined to USD 8.91 billion from USD 9.48 billion. Considering 2019 as a whole, the country’s current account gap declined sharply to USD 2.44 billion from USD 23.0 billion in 2018.
2020-02-25
Mexico Current Account Swings to Surplus in Q3
Mexico’s current account shifted to a USD 2.01 billion surplus in the third quarter of 2019 from an upwardly revised USD 5.79 billion deficit in the same period of the previous year. The goods gap narrowed sharply to USD 0.52 billion from USD 5.80 billion a year earlier and the services shortfall declined to USD 1.96 billion from USD 2.92 billion. In addition, the primary income deficit fell to USD 4.98 billion from USD 5.34 billion a year ago and the secondary income surplus widened to USD 9.48 billion from USD 8.27 billion.
2019-11-25
Mexico Posts Largest Current Account Surplus on Record
Mexico’s current account shifted to a USD 5.14 billion surplus in the second quarter of 2019 from an upwardly revised USD 3.19 billion deficit in the corresponding period of the previous year and well above market consensus of a USD 3.22 billion shortfall. It was the largest current account surplus on record, as the goods account swung to a USD 4.92 billion surplus from a USD 2.78 billion gap and the services shortfall narrowed to USD 1.25 billion from USD 2.43 billion. Additionally, the secondary income surplus widened to USD 9.21 billion from USD 8.84 billion a year earlier. Meanwhile, the primary income deficit rose to USD 7.74 billion from USD 6.82 billion.
2019-08-23

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).