Argentina recorded a Current Account deficit of 0.80 percent of the country's Gross Domestic Product in 2019. source: Instituto Nacional de Estadística y Censos (INDEC)

Current Account to GDP in Argentina averaged -1.04 percent from 1980 until 2019, reaching an all time high of 7.90 percent in 2002 and a record low of -5.20 percent in 2018. This page provides - Argentina Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Argentina Current Account to GDP - values, historical data and charts - was last updated on December of 2020.

Current Account to GDP in Argentina is expected to reach -5.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina Current Account to GDP is projected to trend around -4.80 percent in 2021 and -4.60 percent in 2022, according to our econometric models.

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Argentina Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.80 -5.20 7.90 -5.20 1980 - 2019 percent Yearly

Argentina Trade Last Previous Highest Lowest Unit
Balance of Trade 612.00 584.00 2543.00 -1495.00 USD Million [+]
Current Account 2840.00 -444.00 4297.83 -9388.49 USD Million [+]
Current Account to GDP -0.80 -5.20 7.90 -5.20 percent [+]
Imports 4004.00 4127.00 7671.00 36.00 USD Million [+]
Exports 4616.00 4711.00 8393.00 55.00 USD Million [+]
External Debt 270825.50 277648.23 283567.04 87524.40 USD Million [+]
Terms of Trade 131.20 125.60 151.40 73.60 points [+]
Capital Flows 2521.16 -754.78 7623.00 -9626.44 USD Million [+]
Foreign Direct Investment 54.48 60.17 734.77 18.22 USD Millions [+]
Tourist Arrivals 969.00 0.00 1851392.00 0.00 [+]
Gold Reserves 61.74 61.74 61.74 0.28 Tonnes [+]
Crude Oil Production 395.35 398.00 855.00 395.35 BBL/D/1K [+]
Terrorism Index 1.68 1.68 2.81 0.36 [+]


Argentina 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.