Argentina Current Account Balance: % of GDP

2004 - 2021 | Quarterly | % | CEIC Data

Key information about Argentina Current Account Balance: % of GDP

  • Argentina Current Account surplus accounted for 0.3 % of the country's Nominal GDP in Dec 2021, compared with a 2.9 % surplus in the previous quarter.
  • Argentina Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2004 to Dec 2021, with an average value of 0.1 %.
  • The data reached an all-time high of 5.1 % in Jun 2009 and a record low of -6.2 % in Sep 2018.

CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The National Institute of Statistics and Censuses provides Current Account Balance in USD based on BPM6 and annualized Nominal GDP in local currency. The Central Bank of Argentina average market exchange rate is used for currency conversions. Current Account Balance prior to Q1 2006 is based on BPM5.


Key information about Argentina Current Account Balance: % of GDP

  • In the latest reports of Argentina, Current Account recorded a surplus of 372.5 USD mn in Dec 2021.
  • Foreign Direct Investment (FDI) increased by 1.1 USD bn in Dec 2021.
  • Argentina Direct Investment Abroad expanded by 340.3 USD mn in Dec 2021.
  • Its Foreign Portfolio Investment increased by 670.4 USD mn in Dec 2021.
  • The country's Nominal GDP was reported at 133.5 USD bn in Dec 2021.

View Argentina's Current Account Balance: % of GDP from Mar 2004 to Dec 2021 in the chart:

Argentina Current Account Balance: % of GDP

What was Argentina's Current Account Balance: % of GDP in Dec 2021?

Argentina Current Account surplus accounted for 0.3 % of the country's Nominal GDP in Dec 2021, compared with a 2.9 % surplus in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
0.3 Dec 2021 2.9 Sep 2021 -6.2 Sep 2018 5.1 Jun 2009 % quarterly Mar 2004 - Dec 2021

Current Account Balance: % of GDP by Country Comparison

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Includes Current Account Balance: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) -13.3 Dec 2021 quarterly Mar 2008 - Dec 2021
Algeria (%) -3.8 Sep 2021 quarterly Mar 2007 - Sep 2021
Argentina (%) 0.3 Dec 2021 quarterly Mar 2004 - Dec 2021
Armenia (%) -9.3 Dec 2021 quarterly Dec 1994 - Dec 2021
Australia (%) 1.3 Mar 2022 quarterly Sep 1959 - Mar 2022
Austria (%) -0.1 Dec 2021 quarterly Mar 1970 - Dec 2021
Azerbaijan (%) 25.5 Dec 2021 quarterly Mar 2013 - Dec 2021
Bahrain (%) 13.7 Mar 2022 quarterly Mar 2018 - Mar 2022
Bangladesh (%) -0.9 2021 yearly 1998 - 2021
Belarus (%) -8.2 Mar 2022 quarterly Mar 1996 - Mar 2022
Belgium (%) -4.5 Dec 2021 quarterly Mar 1995 - Dec 2021
Bolivia (%) -1.4 Dec 2021 quarterly Mar 1990 - Dec 2021
Bosnia and Herzegovina (%) -2.5 Dec 2021 quarterly Mar 2008 - Dec 2021
Botswana (%) -7.1 Dec 2021 quarterly Mar 2004 - Dec 2021
Brazil (%) -4.1 Dec 2021 quarterly Mar 1995 - Dec 2021
Brunei (%) -20.4 Dec 2020 quarterly Mar 2013 - Dec 2020
Bulgaria (%) -4.7 Mar 2022 quarterly Sep 1999 - Mar 2022
Cambodia (%) -54.9 Dec 2021 quarterly Mar 2010 - Dec 2021
Canada (%) 0.7 Mar 2022 quarterly Mar 1957 - Mar 2022
Chile (%) -7.0 Mar 2022 quarterly Mar 1996 - Mar 2022
China (%) 2.1 Mar 2022 quarterly Mar 1998 - Mar 2022
Colombia (%) -6.4 Mar 2022 quarterly Mar 1996 - Mar 2022
Croatia (%) -3.1 Dec 2021 quarterly Mar 1995 - Dec 2021
Cyprus (%) -2.0 Dec 2021 quarterly Mar 2008 - Dec 2021
Czech Republic (%) -0.5 Mar 2022 quarterly Mar 1995 - Mar 2022
Denmark (%) 6.1 Mar 2022 quarterly Mar 1990 - Mar 2022
Ecuador (%) 2.6 Dec 2021 quarterly Mar 1993 - Dec 2021
Egypt (%) -5.3 Jun 2021 quarterly Sep 2001 - Jun 2021
Estonia (%) 1.4 Mar 2022 quarterly Mar 2000 - Mar 2022
European Union (%) 0.4 Mar 2022 quarterly Mar 1999 - Mar 2022
Finland (%) -2.5 Mar 2022 quarterly Mar 1990 - Mar 2022
France (%) -1.6 Mar 2022 quarterly Mar 1997 - Mar 2022
Georgia (%) -9.6 Dec 2021 quarterly Mar 1996 - Dec 2021
Germany (%) 5.0 Mar 2022 quarterly Mar 1991 - Mar 2022
Ghana (%) -3.1 Dec 2021 quarterly Mar 2006 - Dec 2021
Greece (%) -14.1 Mar 2022 quarterly Mar 2000 - Mar 2022
Hong Kong SAR, China (%) 11.6 Mar 2022 quarterly Mar 1999 - Mar 2022
Hungary (%) -5.4 Mar 2022 quarterly Mar 1995 - Mar 2022
Iceland (%) -5.9 Mar 2022 quarterly Mar 1995 - Mar 2022
India (%) -1.5 Mar 2022 quarterly Jun 2004 - Mar 2022
Indonesia (%) 0.1 Mar 2022 quarterly Mar 1993 - Mar 2022
Iran (%) -0.1 2021 yearly 1997 - 2021
Ireland (%) 14.9 Mar 2022 quarterly Mar 1995 - Mar 2022
Israel (%) 3.5 Mar 2022 quarterly Mar 1995 - Mar 2022
Italy (%) -1.9 Mar 2022 quarterly Mar 1980 - Mar 2022
Ivory Coast (%) -3.9 2021 yearly 1975 - 2021
Japan (USD mn) 4,047.5 Apr 2022 monthly Jan 1996 - Apr 2022
Jordan (%) -7.4 Dec 2021 quarterly Mar 1992 - Dec 2021
Kazakhstan (%) -2.3 Dec 2021 quarterly Dec 1997 - Dec 2021
Kenya (%) -5.5 Dec 2021 quarterly Mar 2009 - Dec 2021
South Korea (USD mn) 4,573.7 Apr 2022 monthly Jan 1980 - Apr 2022
Kosovo (%) -19.8 Mar 2022 quarterly Mar 2010 - Mar 2022
Kuwait (%) 0.5 Dec 2020 quarterly Mar 2012 - Dec 2020
Kyrgyzstan (%) -24.3 Dec 2021 quarterly Mar 2000 - Dec 2021
Laos (%) 1.8 2021 yearly 1984 - 2021
Latvia (%) -7.1 Mar 2022 quarterly Mar 1995 - Mar 2022
Lebanon (%) -21.2 2019 yearly 2002 - 2019
Lithuania (%) -6.8 Mar 2022 quarterly Mar 1993 - Mar 2022
Luxembourg (%) 2.3 Mar 2022 quarterly Mar 1995 - Mar 2022
Macau SAR, China (%) 15.2 2020 yearly 2002 - 2020
North Macedonia (%) -13.4 Mar 2022 quarterly Mar 2000 - Mar 2022
Malawi (%) -12.0 2020 yearly 1977 - 2020
Malaysia (%) 0.7 Mar 2022 quarterly Mar 2000 - Mar 2022
Malta (%) -0.4 Mar 2022 quarterly Mar 1995 - Mar 2022
Mauritius (%) -15.7 Dec 2021 quarterly Mar 2007 - Dec 2021
Mexico (%) -1.9 Mar 2022 quarterly Mar 1993 - Mar 2022
Moldova (%) -8.9 Dec 2021 quarterly Mar 1995 - Dec 2021
Mongolia (%) -33.0 Mar 2022 quarterly Mar 2000 - Mar 2022
Montenegro (%) -17.9 Mar 2022 quarterly Mar 2010 - Mar 2022
Morocco (%) -1.4 Dec 2021 quarterly Mar 2014 - Dec 2021
Mozambique (%) -22.9 2021 yearly 1980 - 2021
Nepal (%) -7.8 2021 yearly 2001 - 2021
Netherlands (%) 6.8 Dec 2021 quarterly Mar 1987 - Dec 2021
New Zealand (%) -9.4 Mar 2022 quarterly Jun 1987 - Mar 2022
Nigeria (%) 3.3 Sep 2021 quarterly Mar 2008 - Sep 2021
Norway (%) 26.9 Mar 2022 quarterly Mar 1981 - Mar 2022
Oman (%) -11.7 2020 yearly 1980 - 2020
Pakistan (%) -0.8 2021 yearly 1977 - 2021
Palestinian Territory (%) -8.0 Dec 2021 quarterly Mar 2011 - Dec 2021
Panama (%) -3.5 Dec 2021 quarterly Mar 2007 - Dec 2021
Paraguay (%) -8.6 Dec 2021 quarterly Mar 2000 - Dec 2021
Peru (%) -6.3 Mar 2022 quarterly Mar 1980 - Mar 2022
Philippines (%) -5.0 Mar 2022 quarterly Mar 1981 - Mar 2022
Poland (%) -4.2 Mar 2022 quarterly Mar 2000 - Mar 2022
Portugal (%) -2.7 Mar 2022 quarterly Mar 1996 - Mar 2022
Qatar (%) 23.9 Dec 2021 quarterly Mar 2011 - Dec 2021
Romania (%) -9.7 Mar 2022 quarterly Mar 1995 - Mar 2022
Russia (%) 14.4 Mar 2022 quarterly Mar 1994 - Mar 2022
Saudi Arabia (%) 9.1 Dec 2021 quarterly Mar 2006 - Dec 2021
Serbia (%) -10.4 Mar 2022 quarterly Mar 2007 - Mar 2022
Singapore (%) 20.3 Mar 2022 quarterly Mar 1986 - Mar 2022
Slovakia (%) -9.2 Mar 2022 quarterly Mar 1997 - Mar 2022
Slovenia (%) -2.4 Mar 2022 quarterly Mar 1995 - Mar 2022
South Africa (%) 1.9 Dec 2021 quarterly Mar 1960 - Dec 2021
Spain (%) -1.2 Mar 2022 quarterly Mar 1980 - Mar 2022
Sri Lanka (%) -4.9 Dec 2021 quarterly Mar 2002 - Dec 2021
Sudan (%) -8.0 2020 yearly 1977 - 2020
Sweden (%) 4.2 Mar 2022 quarterly Mar 1980 - Mar 2022
Switzerland (%) 10.1 Mar 2022 quarterly Mar 1983 - Mar 2022

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Argentina Key Series

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Includes 200 key indicators for Argentina, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.7 Mar 2022 quarterly Dec 2004 - Mar 2022
Consolidated Fiscal Balance (USD mn) -2,021.787 May 2022 monthly Jan 1993 - May 2022
Tax Revenue (USD mn) 7,872.878 Apr 2022 monthly Jan 1997 - Apr 2022
Tax Revenue: % of GDP (%) 15.3 Mar 2022 quarterly Mar 2004 - Mar 2022
National Government Debt (USD mn) 363,232.6 Dec 2021 quarterly Dec 1994 - Dec 2021
Government Debt: % of GDP (%) 80.0 Dec 2021 quarterly Dec 2004 - Dec 2021
Forecast: Government Expenditure (ARS bn) 109,556.099 2027 yearly 1993 - 2027
Forecast: Government Net Debt (ARS bn) 179,437.957 2027 yearly 1992 - 2027
Forecast: Government Revenue (ARS bn) 105,573.143 2027 yearly 1993 - 2027
Government Revenue: Taxes: Net Vat (ARS mn) 416,664.372 May 2022 monthly Jan 1997 - May 2022
Government Revenue: Social Security (ARS mn) 303,023.246 May 2022 monthly Jan 1997 - May 2022
Government Revenue: Taxes (ARS mn) 187,540.45 Jul 2018 monthly Jan 1997 - Jul 2018
NFPS 2017: Capital Expenditure (ARS mn) 82,721.500 May 2022 monthly Jan 2015 - May 2022
NFPS 2017: Current Expenditure (ARS mn) 1,288,341.300 May 2022 monthly Jan 2015 - May 2022
NFPS 2017: Total Revenue (ARS mn) 1,128,630.300 May 2022 monthly Jan 2015 - May 2022
NFPS 2017: Total Expenditure (ARS mn) 1,371,062.800 May 2022 monthly Jan 2015 - May 2022
NFPS 2017: Current Revenue (ARS mn) 1,127,398.800 May 2022 monthly Jan 2015 - May 2022
Non Financial Public Sector (NFPS) 2017: Total Balance (ARS mn) -242,432.500 May 2022 monthly Jan 2015 - May 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.158 2027 yearly 1980 - 2027
Trade Balance (USD mn) 259.2 May 2022 monthly Jan 1991 - May 2022
Total Exports (USD mn) 7,428.5 May 2022 monthly Jan 1991 - May 2022
Total Exports Growth (%) 18.8 May 2022 monthly Jan 1992 - May 2022
Aluminum: Exports (USD th) 3,656.946 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 457,033.408 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 119,713.200 2020 yearly 1995 - 2020
Total Imports (USD mn) 7,169.4 May 2022 monthly Jan 1991 - May 2022
Total Imports Growth (%) 49.6 May 2022 monthly Jan 1992 - May 2022
Imports: Medicament (USD th) 1,196,682.281 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 1,127,072.591 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 529.917 May 2022 monthly Dec 1995 - May 2022
Total Imports from USA (USD mn) 1,286.228 May 2022 monthly Dec 1995 - May 2022
Total Exports to China (USD mn) 578.673 May 2022 monthly Jan 2003 - May 2022
Total Imports from China (USD mn) 1,252.489 Apr 2022 monthly Apr 1983 - Apr 2022
Exports: fob: Industrial: Chemicals & Related Products (USD mn) 5,035.000 2021 yearly 1989 - 2021
Exports: fob: Agricultural: Fats and Oils (USD mn) 8,733.000 2021 yearly 1989 - 2021
Exports: fob: Industrial: Transport Material (USD mn) 6,515.000 2021 yearly 1989 - 2021
Exports: fob: Primary Products: Cereals (USD mn) 13,751.000 2021 yearly 1989 - 2021
Exports: fob: Agricultural: Residues & Waste from Food Industry (USD mn) 12,833.000 2021 yearly 1989 - 2021
Imports: cif: HS: Machines, Instruments & Electric Materials (USD mn) 6,638.000 2021 yearly 1990 - 2021
Imports: cif: HS: Vehicles (USD mn) 6,428.000 2021 yearly 1990 - 2021
Imports: cif: HS: Nuclear Reactors, Boilers & Machinery (USD mn) 9,537.000 2021 yearly 1990 - 2021
Imports: cif: HS: Fuel, Oil & Petroleum Products Manufacturing (USD mn) 5,803.000 2021 yearly 1990 - 2021
Imports: cif: HS: Organic Chemicals (USD mn) 3,337.000 2021 yearly 1990 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 340.3 Dec 2021 quarterly Mar 1992 - Dec 2021
Current Account Balance (USD mn) 372.5 Dec 2021 quarterly Mar 1976 - Dec 2021
Current Account Balance: % of GDP (%) 0.3 Dec 2021 quarterly Mar 2004 - Dec 2021
Foreign Direct Investment (USD mn) 1,087.9 Dec 2021 quarterly Mar 1977 - Dec 2021
Foreign Direct Investment: % of GDP (%) 0.8 Dec 2021 quarterly Mar 2004 - Dec 2021
Foreign Portfolio Investment (USD mn) 670.374 Dec 2021 quarterly Mar 1994 - Dec 2021
Foreign Portfolio Investment: % of GDP (%) 0.5 Dec 2021 quarterly Mar 1994 - Dec 2021
Foreign Portfolio Investment: Equity Securities (USD mn) -140.0 Dec 2021 quarterly Mar 1994 - Dec 2021
Foreign Portfolio Investment: Debt Securities (USD mn) 810.402 Dec 2021 quarterly Mar 1994 - Dec 2021
External Debt (USD mn) 266,740.1 Dec 2021 quarterly Mar 2006 - Dec 2021
External Debt: % of GDP (%) 56.4 2021 yearly 1994 - 2021
External Debt: Short Term (USD mn) 72,954.1 Dec 2021 quarterly Sep 2003 - Dec 2021
External Debt: Short Term: % of GDP (%) 15.4 2021 yearly 2003 - 2021
Forecast: Current Account Balance (USD bn) 4.479 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) 77,626.422 Dec 2021 quarterly Mar 2016 - Dec 2021
BoP: Financial Account: Other Investments (USD mn) 4,595.142 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: Current Account: Services: Import (USD mn) 4,175.126 Dec 2021 quarterly Mar 2006 - Dec 2021
Foreign Direct Investment: Other Financial Corporations (USD mn) -80.884 Dec 2016 quarterly Mar 2005 - Dec 2016
Foreign Direct Investment: Information & Communication (USD mn) -254.943 Dec 2016 quarterly Mar 2005 - Dec 2016
Foreign Direct Investment: Deposit-taking Corporations, except the Central Bank (USD mn) 418.013 Dec 2016 quarterly Mar 2005 - Dec 2016
Foreign Direct Investment: Wholesale & Retail Trade; Repair of Motor Vehicles & ... (USD mn) -165.881 Dec 2016 quarterly Mar 2005 - Dec 2016
Foreign Direct Investment: First-Rate Investor: United States of america (USD mn) -522.212 Dec 2016 quarterly Mar 2005 - Dec 2016
Foreign Direct Investment: First-Rate Investor: Spain (USD mn) -96.376 Dec 2016 quarterly Mar 2005 - Dec 2016
Foreign Direct Investment: First-Rate Investor: Netherlands (USD mn) -188.390 Dec 2016 quarterly Mar 2005 - Dec 2016
Foreign Direct Investment: First-Rate Investor: Germany (USD mn) -24.999 Dec 2016 quarterly Mar 2005 - Dec 2016
Foreign Direct Investment: First-Rate Investor: Chile (USD mn) 24.550 Dec 2016 quarterly Mar 2005 - Dec 2016
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.6 Apr 2022 monthly Dec 2002 - Apr 2022
Household Debt: % of GDP (%) 4.5 Mar 2022 quarterly Dec 2004 - Mar 2022
Money Supply M1 (USD mn) 45,716.698 Apr 2022 monthly Jan 1990 - Apr 2022
Money Supply M2 (USD mn) 81,180.743 Apr 2022 monthly Jan 1990 - Apr 2022
M2 Growth (%) 49.1 Apr 2022 monthly Jan 1991 - Apr 2022
Reserve Requirement Ratio (%) 41.1 Sep 2020 monthly Apr 1985 - Sep 2020
Foreign Exchange Reserves (USD mn) 32,349.0 May 2022 monthly Dec 1956 - May 2022
Foreign Exchange Reserves: % of GDP (%) 6.373 Mar 2022 quarterly Dec 2004 - Mar 2022
Foreign Exchange Reserves: Months of Import (NA) 4.1 May 2022 monthly Jan 1990 - May 2022
Gold Reserves (USD mn) 3,655.430 May 2022 monthly Dec 1956 - May 2022
Total Deposits (USD mn) 97,259.690 May 2022 monthly Jul 2002 - May 2022
Total Deposits Growth (%) 59.4 May 2022 monthly Jul 2003 - May 2022
Domestic Credit (USD mn) 164,095.2 Jul 2018 monthly Jan 1990 - Jul 2018
Domestic Credit Growth (%) 24.1 Jul 2018 monthly Jan 1991 - Jul 2018
Credit to Households (USD bn) 20.383 Dec 2021 quarterly Mar 1994 - Dec 2021
Credit to Private Non-Financial Sector (USD bn) 102.271 Dec 2021 quarterly Mar 1990 - Dec 2021
Household Debt (USD mn) 20,719.3 May 2022 monthly Jul 2002 - May 2022
Total Loans (USD mn) 219,555.411 Apr 2022 monthly Jan 1990 - Apr 2022
Total Loans Growth (%) 51.20 Apr 2022 monthly Jan 1991 - Apr 2022
Private Debt: % of Nominal GDP (%) 11.19 Mar 2022 quarterly Dec 2004 - Mar 2022
Money Supply: Month End: M1 (ARS th) 5,271,592,421.000 Apr 2022 monthly Jan 1990 - Apr 2022
Money Supply: Month End: M2 (ARS th) 9,360,951,530.000 Apr 2022 monthly Jan 1990 - Apr 2022
Money Supply: Month End: M3 (ARS th) 15,989,147,714.000 Apr 2022 monthly Jan 1990 - Apr 2022
Official Reserve Assets (ORA) (USD mn) 41,561.080 May 2022 monthly Dec 1999 - May 2022
ORA: Foreign Currency Reserves (FCR) (USD mn) 32,111.550 May 2022 monthly Jul 2006 - May 2022
Deposits: ARS (ARS mn) 11,690,614.742 May 2022 monthly Jul 2002 - May 2022
Loans (ARS mn) 5,759,914.20 Jun 2018 monthly Jan 1990 - Jun 2018
Loans: ARS: Non Financial: Private: Mortgages (ARS mn) 318,427.710 May 2022 monthly Jul 2002 - May 2022
Business and Economic Survey Last Frequency Range
Geopolitical Risk Index (%) 0.007 May 2022 monthly Jan 1985 - May 2022

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