Mexico’s current account deficit fell to USD 5.1 billion in the first quarter of 2021 from USD 7.5 billion in the same period of the previous year and defying market expectations of a USD 10.8 billion surplus. The primary income gap narrowed to USD 10 billion from USD 19 billion in the first quarter of 2020; and the secondary income surplus rose to USD 10.4 billion from USD 9.3 billion, mainly due to higher remittances. Conversely, the goods account shifted to a deficit of USD 1.5 billion compared to a surplus of USD 3.5 billion in the first quarter of 2020; and the services gap rose to USD 4.1 billion from USD 1.3 billion, amid lower tourism revenues. source: Banco de México
Current Account in Mexico averaged -1693.55 USD Million from 1950 until 2021, reaching an all time high of 17211 USD Million in the fourth quarter of 2020 and a record low of -11691.90 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 June of 2021.
Current Account in Mexico is expected to be 9000.00 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 3000.00 in 12 months time. In the long-term, the Mexico Current Account is projected to trend around 2000.00 USD Million in 2022 and 500.00 USD Million in 2023, according to our econometric models.