Mexico recorded a Current Account deficit of 0.20 percent of the country's Gross Domestic Product in 2019. source: Banco de México

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 December of 2020.

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 3032.50 6223.77 6223.77 -4625.28 USD Million [+]
Current Account 17497.70 -116.20 17497.70 -11694.60 USD Million [+]
Current Account to GDP -0.20 -1.90 3.40 -6.10 percent [+]
Imports 35287.67 35720.95 44290.89 647.02 USD Million [+]
Exports 38320.17 41944.72 41944.72 1225.59 USD Million [+]
External Debt 446898.10 441528.90 463847.50 0.70 USD Million [+]
Terms of Trade 47.77 46.83 106.34 42.38 points [+]
Foreign Direct Investment 2436.70 7092.60 21009.30 -63.90 USD Million [+]
Remittances 10674.57 9891.95 10674.57 158.70 USD Million [+]
Tourism Revenues 611571.87 509178.78 2522955.40 131281.53 USD Thousand [+]
Tourist Arrivals 828.02 606.09 2715.18 56.59 Thousand [+]
Gold Reserves 119.94 120.00 125.30 2.50 Tonnes [+]
Crude Oil Production 1699.00 1690.00 3547.00 1647.00 BBL/D/1K [+]
Non Oil Exports 36790.94 40660.33 40660.33 313.90 USD Million [+]
Oil Exports 1529.22 1284.39 5931.86 403.90 USD Million [+]
Terrorism Index 4.32 4.08 4.51 1.35 [+]
Capital Flows -7.10 -5.00 12079.70 -3457.70 USD Million [+]
Auto Exports 287.70 280.47 323.63 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.