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 0.70 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 1.00 percent in 2021 and -0.40 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 271.00 612.00 2543.00 -1495.00 USD Million [+]
Current Account 1163.00 2840.00 4297.83 -9388.49 USD Million [+]
Current Account to GDP -0.80 -5.20 7.90 -5.20 percent [+]
Imports 4114.00 4004.00 7671.00 36.00 USD Million [+]
Exports 4385.00 4616.00 8393.00 55.00 USD Million [+]
External Debt 272852.02 272397.81 283129.64 87524.40 USD Million [+]
Terms of Trade 131.20 125.60 151.40 73.60 points [+]
Capital Flows 1222.79 2521.16 7623.00 -9626.44 USD Million [+]
Foreign Direct Investment 63.91 54.48 734.77 18.22 USD Millions [+]
Tourist Arrivals 3691.00 2615.00 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 1.02 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.