Mexico recorded a Current Account deficit of 0.20 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Mexico averaged -1.76 percent from 1980 until 2019, reaching an all time high of 3.40 percent in 1983 and a record low of -6.10 percent in 1992. This page provides - Mexico Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Current Account to GDP - values, historical data and charts - was last updated on August of 2020. source: Banco de México

Current Account to GDP in Mexico is expected to reach -0.80 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Current Account to GDP is projected to trend around -1.40 percent in 2021 and -1.20 percent in 2022, according to our econometric models.

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Mexico Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 -1.90 3.40 -6.10 1980 - 2019 percent Yearly

Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade 5547.00 -3523.00 5547.00 -4625.28 USD Million [+]
Current Account -981.80 3197.70 4389.50 -11625.10 USD Million [+]
Current Account to GDP -0.20 -1.90 3.40 -6.10 percent [+]
Imports 27530.00 21592.40 44290.89 647.02 USD Million [+]
Exports 33076.00 18069.80 41752.19 1225.59 USD Million [+]
External Debt 441290.80 463847.50 463847.50 0.70 USD Million [+]
Terms of Trade 45.46 43.21 106.34 42.38 points [+]
Foreign Direct Investment 10334.00 5026.40 21011.00 -63.90 USD Million [+]
Remittances 9293.20 9107.05 9687.03 158.70 USD Million [+]
Tourism Revenues 2281554.18 2480978.55 2522955.40 158919.00 USD Thousand [+]
Tourist Arrivals 145.00 86.35 2715.18 56.59 Thousand [+]
Gold Reserves 120.10 120.06 125.30 2.50 Tonnes [+]
Crude Oil Production 1753.00 1774.00 3547.00 1647.00 BBL/D/1K [+]
Non Oil Exports 31818.49 17140.44 39182.37 313.90 USD Million [+]
Oil Exports 1257.99 929.33 5931.86 403.90 USD Million [+]
Terrorism Index 4.08 3.53 4.51 1.35 [+]
Capital Flows -7.90 -10.40 12079.70 -3457.70 USD Million [+]
Auto Exports 196.17 15.09 323.63 9.50 Thousand Units [+]


Mexico Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.