Argentina Current Account Balance: % of GDP
Key information about Argentina Current Account Balance: % of GDP
- Argentina Current Account deficit accounted for 2.2 % of the country's Nominal GDP in Dec 2023, compared with a 3.8 % deficit in the previous quarter.
- Argentina Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2004 to Dec 2023, with an average value of -0.6 %.
- 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 deficit of 3.4 USD bn in Dec 2023.
- Foreign Direct Investment (FDI) increased by 6.8 USD bn in Dec 2023.
- Argentina Direct Investment Abroad expanded by 624.1 USD mn in Dec 2023.
- Its Foreign Portfolio Investment fell by 364.8 USD mn in Dec 2023.
- The country's Nominal GDP was reported at 150.8 USD bn in Mar 2023.
View Argentina's Current Account Balance: % of GDP from Mar 2004 to Dec 2023 in the chart:
What was Argentina's Current Account Balance: % of GDP in Dec 2023?
Argentina Current Account deficit accounted for 2.2 % of the country's Nominal GDP in Dec 2023, compared with a 3.8 % deficit in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
-2.2 Dec 2023 | -3.8 Sep 2023 | -6.2 Sep 2018 | 5.1 Jun 2009 | % | quarterly | Mar 2004 - Dec 2023 |
Current Account Balance: % of GDP by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 6.6 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Algeria (%) | 4.8 Mar 2023 | quarterly | Mar 2007 - Mar 2023 |
Argentina (%) | -2.2 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Armenia (%) | 2.7 Dec 2023 | quarterly | Dec 1994 - Dec 2023 |
Australia (%) | 1.8 Dec 2023 | quarterly | Sep 1959 - Dec 2023 |
Austria (%) | 1.7 Sep 2023 | quarterly | Mar 1970 - Sep 2023 |
Azerbaijan (%) | 8.9 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
Bangladesh (%) | -0.5 2023 | yearly | 1998 - 2023 |
Belarus (%) | -1.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Belgium (%) | 1.4 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Bolivia (%) | -2.5 Sep 2023 | quarterly | Mar 1990 - Sep 2023 |
Bosnia and Herzegovina (%) | -2.8 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
Botswana (%) | 1.2 Sep 2023 | quarterly | Mar 2004 - Sep 2023 |
Brazil (%) | -1.5 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
Bulgaria (%) | -3.1 Dec 2023 | quarterly | Sep 1999 - Dec 2023 |
Cambodia (%) | -1.1 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Canada (%) | -0.2 Dec 2023 | quarterly | Mar 1957 - Dec 2023 |
Chile (%) | -4.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
China (%) | 1.2 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Colombia (%) | -2.3 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Croatia (%) | -5.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Cyprus (%) | -11.2 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
Czech Republic (%) | 0.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Denmark (%) | 12.5 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Ecuador (%) | 1.7 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
European Union (%) | 2.2 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Finland (%) | 1.5 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
France (%) | 0.9 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
Georgia (%) | -6.8 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Germany (%) | 5.7 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
Ghana (%) | 0.9 Sep 2023 | quarterly | Mar 2006 - Sep 2023 |
Greece (%) | -12.6 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Hong Kong SAR, China (%) | 9.0 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Hungary (%) | -1.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Iceland (%) | -2.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
India (%) | -1.2 Dec 2023 | quarterly | Jun 2004 - Dec 2023 |
Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
Ireland (%) | -0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Israel (%) | 9.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Italy (%) | 0.7 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
Jordan (%) | 3.0 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
Kazakhstan (%) | -2.6 Sep 2023 | quarterly | Dec 1997 - Sep 2023 |
Kenya (%) | -2.3 Mar 2023 | quarterly | Mar 2009 - Mar 2023 |
South Korea (USD mn) | 7,671.1 Feb 2024 | monthly | Jan 1980 - Feb 2024 |
Kosovo (%) | -15.4 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Kuwait (%) | 37.2 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
Kyrgyzstan (%) | -60.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
Laos (%) | -0.1 2022 | yearly | 1984 - 2022 |
Latvia (%) | -1.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Lebanon (%) | -4.4 2020 | yearly | 2002 - 2020 |
Lithuania (%) | 4.2 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Luxembourg (%) | 7.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Macau SAR, China (%) | 11.4 2022 | yearly | 2002 - 2022 |
North Macedonia (%) | -3.0 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Malawi (%) | -14.2 2021 | yearly | 1977 - 2021 |
Malaysia (%) | 0.1 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Malta (%) | 0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Mauritius (%) | -3.4 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Mexico (%) | 2.5 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Moldova (%) | -11.2 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Mongolia (%) | -4.9 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Montenegro (%) | -24.1 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Morocco (%) | -0.5 Dec 2023 | quarterly | Mar 2014 - Dec 2023 |
Mozambique (%) | -37.4 2022 | yearly | 1980 - 2022 |
Nepal (%) | -1.3 2023 | yearly | 2001 - 2023 |
Netherlands (%) | 8.5 Dec 2023 | quarterly | Mar 1987 - Dec 2023 |
New Zealand (%) | -6.7 Dec 2023 | quarterly | Jun 1987 - Dec 2023 |
Nigeria (%) | 1.8 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
Norway (%) | 16.1 Sep 2023 | quarterly | Mar 1981 - Sep 2023 |
Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
Pakistan (%) | -0.7 2023 | yearly | 1977 - 2023 |
Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
Panama (%) | -18.8 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Paraguay (%) | -1.2 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Peru (%) | 2.3 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Poland (%) | 1.8 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Portugal (%) | -0.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Qatar (%) | 15.6 Jun 2023 | quarterly | Mar 2011 - Jun 2023 |
Romania (%) | -7.1 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Russia (%) | 2.1 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
Saudi Arabia (%) | 1.6 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
Serbia (%) | -5.5 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Singapore (%) | 19.5 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
Slovakia (%) | -3.6 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
Slovenia (%) | 3.9 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
South Africa (%) | -2.3 Dec 2023 | quarterly | Mar 1960 - Dec 2023 |
Spain (%) | 2.2 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Sri Lanka (%) | 1.1 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
Sweden (%) | 7.1 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Switzerland (%) | 7.6 Dec 2023 | quarterly | Mar 1983 - Dec 2023 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -4.4 Dec 2023 | quarterly | Dec 2004 - Dec 2023 |
Consolidated Fiscal Balance (USD mn) | 397.177 Feb 2024 | monthly | Jan 1993 - Feb 2024 |
Tax Revenue (USD mn) | 6,108.888 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
Tax Revenue: % of GDP (%) | 15.6 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
National Government Debt (USD mn) | 370,673.4 Dec 2023 | quarterly | Dec 1994 - Dec 2023 |
Government Debt: % of GDP (%) | 80.3 Mar 2023 | quarterly | Dec 2004 - Mar 2023 |
Forecast: Government Expenditure (ARS bn) | 553,829.690 2028 | yearly | 1993 - 2028 |
Forecast: Government Net Debt (ARS bn) | 1,084,721.530 2028 | yearly | 1992 - 2028 |
Forecast: Government Revenue (ARS bn) | 554,818.270 2028 | yearly | 1993 - 2028 |
Government Revenue: Taxes (ARS mn) | 187,540.45 Jul 2018 | monthly | Jan 1997 - Jul 2018 |
NFPS 2017: Current Revenue (ARS mn) | 5,535,648.400 Feb 2024 | monthly | Jan 2015 - Feb 2024 |
NFPS 2017: Total Expenditure (ARS mn) | 5,197,545.102 Feb 2024 | monthly | Jan 2015 - Feb 2024 |
NFPS 2017: Current Expenditure (ARS mn) | 5,116,966.002 Feb 2024 | monthly | Jan 2015 - Feb 2024 |
NFPS 2017: Total Revenue (ARS mn) | 5,535,657.500 Feb 2024 | monthly | Jan 2015 - Feb 2024 |
NFPS 2017: Capital Expenditure (ARS mn) | 80,579.100 Feb 2024 | monthly | Jan 2015 - Feb 2024 |
Non Financial Public Sector (NFPS) 2017: Total Balance (ARS mn) | 338,112.398 Feb 2024 | monthly | Jan 2015 - Feb 2024 |
Public Debt: Annual: Short Term (USD mn) | 15,663.287 2023 | yearly | 1997 - 2023 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 4.933 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | 1,345.7 Feb 2024 | monthly | Jan 1991 - Feb 2024 |
Total Exports (USD mn) | 6,215.5 Feb 2024 | monthly | Jan 1991 - Feb 2024 |
Total Exports Growth (%) | -27.2 Apr 2023 | monthly | Jan 1992 - Apr 2023 |
Aluminum: Exports (USD th) | 55,881.391 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 600,720.896 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 123,326.762 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 4,869.9 Feb 2024 | monthly | Jan 1991 - Feb 2024 |
Total Imports Growth (%) | -20.4 Feb 2024 | monthly | Jan 1992 - Feb 2024 |
Imports: Medicament (USD th) | 1,433,987.074 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 1,977,432.955 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 412.811 Feb 2024 | monthly | Dec 1995 - Feb 2024 |
Total Imports from USA (USD mn) | 388.513 Feb 2024 | monthly | Dec 1995 - Feb 2024 |
Total Exports to China (USD mn) | 385.686 Feb 2024 | monthly | Jan 2003 - Feb 2024 |
Total Imports from China (USD mn) | 730.371 Feb 2024 | monthly | Apr 1983 - Feb 2024 |
Terms of Trade Index (2004=100) | 140.649 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
Exports: fob: Agricultural: Fats and Oils (USD mn) | 5,854.000 2023 | yearly | 1989 - 2023 |
Exports: fob: Industrial: Chemicals & Related Products (USD mn) | 4,285.000 2023 | yearly | 1989 - 2023 |
Exports: fob: Industrial: Transport Material (USD mn) | 8,402.000 2023 | yearly | 1989 - 2023 |
Exports: fob: Primary Products: Cereals (USD mn) | 8,775.000 2023 | yearly | 1989 - 2023 |
Exports: fob: Agricultural: Residues & Waste from Food Industry (USD mn) | 9,077.000 2023 | yearly | 1989 - 2023 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 3.4 Jan 2024 | monthly | Dec 2002 - Jan 2024 |
Household Debt: % of GDP (%) | 3.9 Dec 2023 | quarterly | Dec 2004 - Dec 2023 |
Money Supply M1 (USD mn) | 26,029.282 Jan 2024 | monthly | Jan 1990 - Jan 2024 |
Money Supply M2 (USD mn) | 59,543.329 Jan 2024 | monthly | Jan 1990 - Jan 2024 |
M2 Growth (%) | 215.4 Jan 2024 | monthly | Jan 1991 - Jan 2024 |
Reserve Requirement Ratio (%) | 42.2 Jan 2024 | monthly | Apr 1985 - Jan 2024 |
Foreign Exchange Reserves (USD mn) | 21,364.9 Feb 2024 | monthly | Dec 1956 - Feb 2024 |
Foreign Exchange Reserves: % of GDP (%) | 2.981 Dec 2023 | quarterly | Dec 2004 - Dec 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 3.7 May 2023 | monthly | Jan 1990 - May 2023 |
Gold Reserves (USD mn) | 4,058.260 Feb 2024 | monthly | Dec 1956 - Feb 2024 |
Total Deposits (USD mn) | 65,595.457 Mar 2024 | monthly | Jul 2002 - Mar 2024 |
Total Deposits Growth (%) | 167.2 Mar 2024 | monthly | Jul 2003 - Mar 2024 |
Domestic Credit (USD mn) | 173,155.4 Jan 2024 | monthly | Jan 1990 - Jan 2024 |
Domestic Credit Growth (%) | 342.6 Jan 2024 | monthly | Jan 1991 - Jan 2024 |
Credit to Households (USD bn) | 16.535 Sep 2023 | quarterly | Mar 1994 - Sep 2023 |
Credit to Private Non-Financial Sector (USD bn) | 100.528 Sep 2023 | quarterly | Mar 1990 - Sep 2023 |
Household Debt (USD mn) | 10,439.5 Mar 2024 | monthly | Jul 2002 - Mar 2024 |
Total Loans (USD mn) | 189,970.501 Jan 2024 | monthly | Jan 1990 - Jan 2024 |
Total Loans Growth (%) | 347.61 Jan 2024 | monthly | Jan 1991 - Jan 2024 |
Private Debt: % of Nominal GDP (%) | 12.52 Dec 2023 | quarterly | Dec 2004 - Dec 2023 |
ORA: Foreign Currency Reserves (FCR) (USD mn) | 21,364.940 Feb 2024 | monthly | Jul 2006 - Feb 2024 |
Official Reserve Assets (ORA) (USD mn) | 26,690.390 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
ORA: Gold Incl Gold Deposits & Gold Swapped (USD mn) | 4,058.260 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
Deposits: ARS (ARS mn) | 56,280,902.161 Mar 2024 | monthly | Jul 2002 - Mar 2024 |
Loans (ARS mn) | 5,759,914.20 Jun 2018 | monthly | Jan 1990 - Jun 2018 |
Loans: ARS: Non Financial: Private: Mortgages (ARS mn) | 594,932.032 Mar 2024 | monthly | Jul 2002 - Mar 2024 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Geopolitical Risk Index (%) | 0.007 Mar 2024 | monthly | Jan 1985 - Mar 2024 |
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