Mexico’s current account deficit narrowed to USD 6,523 million in the first quarter of 2022 from the USD 9,277 million in the corresponding period of 2021, largely due to larger receipts from travel and remittances. The primary account gap significantly narrowed to USD 11,366 million from USD 14,353 million, while the secondary account surplus widened to USD 12,322 million from USD 10,471 million. Also, the services account gap narrowed to USD 2,543 million from USD 3,971 million. On the other hand, the goods account recorded a deficit of USD 4,936 million, swinging from a surplus of USD 16,716. source: Banco de México
Current Account in Mexico averaged -1692.01 USD Million from 1950 until 2022, reaching an all time high of 17208.20 USD Million in the fourth quarter of 2020 and a record low of -11687.40 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 July of 2022.
Current Account in Mexico is expected to be 3661.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Current Account is projected to trend around 5800.00 USD Million in 2023 and 7500.00 USD Million in 2024, according to our econometric models.