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.