Mexico’s current account balance shifted to a USD 17,498 million surplus in the third quarter of 2020 compared to a USD 435 million deficit in the same period of the previous year. It was the largest current account surplus on record, following some easing of COVID-19 restrictions. The goods account swung to a USD 16,300 million surplus compared to a USD 1,099 million gap a year earlier, and the services shortfall fell to USD 3,403 million from USD 3,608 million. Meantime, the primary income deficit widened to USD 5,942 million from USD 5,309 million while the secondary income surplus went up to USD 10,543 million from USD 9,581 million in the same period of 2019. source: Banco de México
Current Account in Mexico averaged -1736.29 USD Million from 1950 until 2020, reaching an all time high of 17497.70 USD Million in the third 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 January of 2021.
Current Account in Mexico is expected to be 1000.00 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 -3100.00 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.