Mexico’s current account switched to a USD 6286 million surplus in the second quarter of 2021 from a USD 757 million deficit in the same period of 2020 and exceeded the market expectations of a USD 400 million surplus. The goods account recorded a USD 2631 million surplus, swinging from a USD 1165 million gap a year earlier and the secondary income surplus widened to USD 12857 million from USD 9806 million. Also, the services gas narrowed to USD 2819 million from USD 3941 million while the primary income shortfall rose to USD 6383 million from USD 5457 million. source: Banco de México

Current Account in Mexico averaged -1667.05 USD Million from 1950 until 2021, reaching an all time high of 17209.40 USD Million in the fourth quarter of 2020 and a record low of -11691.80 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 September of 2021.

Current Account in Mexico is expected to be 7000.00 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 2000.00 USD Million in 2022 and 500.00 USD Million in 2023, according to our econometric models.

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Mexico Current Account

Actual Previous Highest Lowest Dates Unit Frequency
6286.10 -5492.10 17209.40 -11691.80 1950 - 2021 USD Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-25 03:00 PM Q3 $17498M $-116M $-45M
2021-02-25 03:00 PM Q4 $17409M $17125M $5000M
2021-05-25 02:00 PM Q1 $-5135M $17211M $10751M $10000M
2021-08-25 02:00 PM Q2 $6286M $-5135M $400M $500M
2021-11-25 03:00 PM Q3 $6286M


News Stream
Mexico Current Account Swings to Surplus in Q2
Mexico’s current account switched to a USD 6286 million surplus in the second quarter of 2021 from a USD 757 million deficit in the same period of 2020 and exceeded the market expectations of a USD 400 million surplus. The goods account recorded a USD 2631 million surplus, swinging from a USD 1165 million gap a year earlier and the secondary income surplus widened to USD 12857 million from USD 9806 million. Also, the services gas narrowed to USD 2819 million from USD 3941 million while the primary income shortfall rose to USD 6383 million from USD 5457 million.
2021-08-25
Mexico Current Account Gap Narrows in Q1
Mexico’s current account deficit fell to USD 5.1 billion in the first quarter of 2021 from USD 7.5 billion in the same period of the previous year and defying market expectations of a USD 10.8 billion surplus. The primary income gap narrowed to USD 10 billion from USD 19 billion in the first quarter of 2020; and the secondary income surplus rose to USD 10.4 billion from USD 9.3 billion, mainly due to higher remittances. Conversely, the goods account shifted to a deficit of USD 1.5 billion compared to a surplus of USD 3.5 billion in the first quarter of 2020; and the services gap rose to USD 4.1 billion from USD 1.3 billion, amid lower tourism revenues.
2021-05-25
Mexico Current Account Surplus Second-Largest on Record
Mexico’s current account surplus widened sharply to USD 17.4 billion in the fourth quarter of 2020 from USD 3.2 billion in the same period of the previous year. It was the second-largest current account surplus ever recorded, as the goods surplus rose markedly to USD 15.5 billion from USD 3.2 billion a year earlier. Also, the secondary income surplus also rose sharply to USD 10.5 billion from USD 9 billion in the fourth quarter of 2019. Meantime, the services deficit went up slightly to USD 1.8 billion from USD 1.7 billion, while the primary income gap fell to USD 6.8 billion from USD 7.2 billion. In 2020, the country's current account shifted to a surplus of USD 26.6 billion compared to a gap of USD 4.2 billion a year ago. It was the first current account surplus since 2005 and the largest since 1983.
2021-02-25
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
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).