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.

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Mexico Current Account

Actual Previous Highest Lowest Dates Unit Frequency
17497.70 -116.20 17497.70 -11694.60 1950 - 2020 USD Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
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 $5M $-2297M $-1900M $-1500M
2020-11-25 03:00 PM Q3 $17498M $-116M $-45M
2021-03-03 03:00 PM Q4 $17498M
2021-06-02 02:00 PM Q1
2021-08-31 02:00 PM Q2
2021-12-08 03:00 PM Q3


News Stream
Mexico Posts Largest Current Account Surplus on Record
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.
2020-11-25
Mexico Current Account Balance Swings to Surplus in Q2
Mexico’s current account balance shifted to a USD 4.8 million surplus in the second quarter of 2020 from a USD 4385 million deficit in the same period of the previous year and above market expectations of a USD 1900 million gap. The primary income shortfall narrowed to USD 5016 million from USD 8248 million a year earlier; and the secondary income surplus widened to USD 7322 million from USD 6700 million. On the other hand, the goods account swung to a USD 1067 million deficit from a USD 4963 million surplus in Q2 2019; and the services gap increased to USD 3705 million from USD 1647 million.
2020-08-25
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
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).