Argentina Current Account Balance: % of GDP
2004 - 2024 | Quarterly | % | CEIC Data
Key information about Argentina Current Account Balance: % of GDP
- Argentina Current Account surplus accounted for 2.3 % of the country's Nominal GDP in Jun 2024, compared with a 0.2 % surplus in the previous quarter.
- Argentina Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2004 to Jun 2024, with an average value of -0.3 %.
- 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 3.5 USD bn in Jun 2024.
- Foreign Direct Investment (FDI) increased by 2.6 USD bn in Jun 2024.
- Argentina Direct Investment Abroad expanded by 710.0 USD mn in Jun 2024.
- Its Foreign Portfolio Investment increased by 860.1 USD mn in Jun 2024.
- 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 Jun 2024 in the chart:
What was Argentina's Current Account Balance: % of GDP in Jun 2024?
Argentina Current Account surplus accounted for 2.3 % of the country's Nominal GDP in Jun 2024, compared with a 0.2 % surplus in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 2.3 Jun 2024 | 0.2 Mar 2024 | -6.2 Sep 2018 | 5.1 Jun 2009 | % | quarterly | Mar 2004 - Jun 2024 |
Current Account Balance: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | -3.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Algeria (%) | -0.4 Mar 2024 | quarterly | Mar 2007 - Mar 2024 |
| Argentina (%) | 2.3 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Armenia (%) | -2.9 Jun 2024 | quarterly | Dec 1994 - Jun 2024 |
| Australia (%) | -2.1 Sep 2024 | quarterly | Sep 1959 - Sep 2024 |
| Austria (%) | 0.6 Jun 2024 | quarterly | Mar 1970 - Jun 2024 |
| Azerbaijan (%) | 4.9 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
| Bangladesh (%) | 0.9 2024 | yearly | 1998 - 2024 |
| Belarus (%) | 2.5 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Belgium (%) | -1.8 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Bolivia (%) | 0.4 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| Bosnia and Herzegovina (%) | -3.9 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Botswana (%) | -5.0 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Brazil (%) | -3.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
| Bulgaria (%) | 4.7 Sep 2024 | quarterly | Sep 1999 - Sep 2024 |
| Cambodia (%) | -5.0 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Canada (%) | -0.4 Sep 2024 | quarterly | Mar 1957 - Sep 2024 |
| Chile (%) | -3.9 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| China (%) | 3.2 Sep 2024 | quarterly | Mar 1998 - Sep 2024 |
| Colombia (%) | -1.6 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Croatia (%) | -5.6 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Cyprus (%) | -0.6 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Czech Republic (%) | -0.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Denmark (%) | 15.6 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
| Ecuador (%) | 7.9 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
| Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| European Union (%) | 2.8 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Finland (%) | -2.9 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| France (%) | -0.7 Sep 2024 | quarterly | Mar 1997 - Sep 2024 |
| Georgia (%) | -7.3 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Germany (%) | 5.2 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
| Ghana (%) | 5.6 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| Greece (%) | 1.0 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Hong Kong SAR, China (%) | 13.2 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Hungary (%) | 3.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Iceland (%) | 3.8 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| India (%) | -1.1 Jun 2024 | quarterly | Jun 2004 - Jun 2024 |
| Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
| Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
| Ireland (%) | 16.7 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Israel (%) | 3.3 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Italy (%) | 1.4 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
| Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
| Jordan (%) | -7.0 Jun 2024 | quarterly | Mar 1992 - Jun 2024 |
| Kazakhstan (%) | -2.5 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
| Kenya (%) | -2.5 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
| South Korea (USD mn) | 7,614.6 Oct 2024 | monthly | Jan 1980 - Oct 2024 |
| Kosovo (%) | 9.2 Sep 2024 | quarterly | Mar 2010 - Sep 2024 |
| Kuwait (%) | 27.9 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
| Kyrgyzstan (%) | -60.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Laos (%) | 2.7 2023 | yearly | 1984 - 2023 |
| Latvia (%) | -4.6 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Lebanon (%) | -2.8 2021 | yearly | 2002 - 2021 |
| Lithuania (%) | 3.8 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Luxembourg (%) | 12.0 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Macau SAR, China (%) | 37.0 2023 | yearly | 2002 - 2023 |
| North Macedonia (%) | -3.0 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Malawi (%) | -14.2 2021 | yearly | 1977 - 2021 |
| Malaysia (%) | 0.4 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Malta (%) | 7.2 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Mauritius (%) | -6.3 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Mexico (%) | 0.2 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Moldova (%) | -16.6 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Mongolia (%) | -14.1 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Montenegro (%) | -23.1 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Morocco (%) | -3.6 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Mozambique (%) | -11.6 2023 | yearly | 1980 - 2023 |
| Nepal (%) | 3.9 2024 | yearly | 2001 - 2024 |
| Netherlands (%) | 8.4 Jun 2024 | quarterly | Mar 1987 - Jun 2024 |
| New Zealand (%) | -6.9 Jun 2024 | quarterly | Jun 1987 - Jun 2024 |
| Nigeria (%) | 11.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Norway (%) | 18.1 Sep 2024 | quarterly | Mar 1981 - Sep 2024 |
| Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
| Pakistan (%) | -0.5 2024 | yearly | 1977 - 2024 |
| Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
| Panama (%) | 2.2 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Paraguay (%) | 0.3 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Peru (%) | 2.5 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
| Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
| Poland (%) | 0.3 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Portugal (%) | 4.7 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Qatar (%) | 13.1 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Romania (%) | -9.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Russia (%) | 3.4 Jun 2024 | quarterly | Mar 1994 - Jun 2024 |
| Saudi Arabia (%) | 1.6 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| Serbia (%) | -10.5 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| Singapore (%) | 18.7 Sep 2024 | quarterly | Mar 1986 - Sep 2024 |
| Slovakia (%) | -1.3 Jun 2024 | quarterly | Mar 1997 - Jun 2024 |
| Slovenia (%) | 6.6 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| South Africa (%) | -1.0 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
| Spain (%) | 3.9 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Sri Lanka (%) | 1.9 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
| Sweden (%) | 6.1 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Switzerland (%) | 9.6 Jun 2024 | quarterly | Mar 1983 - Jun 2024 |
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Learn more about what we doArgentina Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -0.2 Sep 2024 | quarterly | Dec 2004 - Sep 2024 |
| Consolidated Fiscal Balance (USD mn) | 531.909 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
| Tax Revenue (USD mn) | 9,100.106 Nov 2024 | monthly | Jan 1997 - Nov 2024 |
| Tax Revenue: % of GDP (%) | 16.1 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| National Government Debt (USD mn) | 442,514.9 Jun 2024 | quarterly | Dec 1994 - Jun 2024 |
| Government Debt: % of GDP (%) | 80.3 Mar 2023 | quarterly | Dec 2004 - Mar 2023 |
| Forecast: Government Expenditure (ARS bn) | 740,993.414 2029 | yearly | 1993 - 2029 |
| Forecast: Government Net Debt (ARS bn) | 1,158,144.357 2029 | yearly | 1992 - 2029 |
| Forecast: Government Revenue (ARS bn) | 770,888.979 2029 | yearly | 1993 - 2029 |
| NFPS 2017: Current Revenue (ARS mn) | 9,358,312.100 Oct 2024 | monthly | Jan 2015 - Oct 2024 |
| NFPS 2017: Current Expenditure (ARS mn) | 8,577,922.300 Oct 2024 | monthly | Jan 2015 - Oct 2024 |
| NFPS 2017: Capital Expenditure (ARS mn) | 256,993.300 Oct 2024 | monthly | Jan 2015 - Oct 2024 |
| NFPS 2017: Total Revenue (ARS mn) | 9,358,313.600 Oct 2024 | monthly | Jan 2015 - Oct 2024 |
| NFPS 2017: Total Expenditure (ARS mn) | 8,834,915.600 Oct 2024 | monthly | Jan 2015 - Oct 2024 |
| Non Financial Public Sector (NFPS) 2017: Total Balance (ARS mn) | 523,398.000 Oct 2024 | monthly | Jan 2015 - Oct 2024 |
| Government Revenue: Taxes (ARS mn) | 187,540.45 Jul 2018 | monthly | Jan 1997 - Jul 2018 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 4.933 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 1,295.4 Oct 2024 | monthly | Jan 1991 - Oct 2024 |
| Total Exports (USD mn) | 6,934.0 Oct 2024 | monthly | Jan 1991 - Oct 2024 |
| Total Exports Growth (%) | -27.2 Apr 2023 | monthly | Jan 1992 - Apr 2023 |
| Aluminum: Exports (USD th) | 5,640.661 2023 | yearly | 1995 - 2023 |
| 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) | 5,638.6 Oct 2024 | monthly | Jan 1991 - Oct 2024 |
| Total Imports Growth (%) | 2.0 Oct 2024 | monthly | Jan 1992 - Oct 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) | 538.334 Oct 2024 | monthly | Dec 1995 - Oct 2024 |
| Total Imports from USA (USD mn) | 443.905 Oct 2024 | monthly | Dec 1995 - Oct 2024 |
| Total Exports to China (USD mn) | 331.494 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
| Total Imports from China (USD mn) | 1,391.171 Oct 2024 | monthly | Apr 1983 - Oct 2024 |
| Exports: fob: Industrial: Chemicals & Related Products (USD mn) | 4,286.131 2023 | yearly | 1989 - 2023 |
| Exports: fob: Primary Products: Cereals (USD mn) | 8,705.911 2023 | yearly | 1989 - 2023 |
| Exports: fob: Agricultural: Fats and Oils (USD mn) | 5,821.010 2023 | yearly | 1989 - 2023 |
| Exports: fob: Industrial: Transport Material (USD mn) | 8,350.345 2023 | yearly | 1989 - 2023 |
| Exports: fob: Agricultural: Residues & Waste from Food Industry (USD mn) | 9,022.071 2023 | yearly | 1989 - 2023 |
| Motor Vehicle Export: Passenger Car: Automobile (Unit) | 17,655.000 Nov 2024 | monthly | Jan 1996 - Nov 2024 |
| Motor Vehicle Export: Passenger Car: Utility Vehicle (Unit) | 14,607.000 Nov 2024 | monthly | Jan 1996 - Nov 2024 |
| Motor Vehicle Export (Unit) | 32,262.000 Nov 2024 | monthly | Jan 1996 - Nov 2024 |
| Export Value Index (2015=100) | 137.248 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 104.950 2021 | yearly | 1980 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.6 Sep 2024 | monthly | Dec 2002 - Sep 2024 |
| Household Debt: % of GDP (%) | 4.1 Jun 2024 | quarterly | Dec 2004 - Jun 2024 |
| Money Supply M1 (USD mn) | 37,580.893 Oct 2024 | monthly | Jan 1990 - Oct 2024 |
| Money Supply M2 (USD mn) | 90,971.416 Oct 2024 | monthly | Jan 1990 - Oct 2024 |
| M2 Growth (%) | 208.3 Oct 2024 | monthly | Jan 1991 - Oct 2024 |
| Reserve Requirement Ratio (%) | 41.2 Oct 2024 | monthly | Apr 1985 - Oct 2024 |
| Foreign Exchange Reserves (USD mn) | 22,299.4 Oct 2024 | monthly | Dec 1956 - Oct 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 3.598 Sep 2024 | quarterly | Dec 2004 - Sep 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 3.7 May 2023 | monthly | Jan 1990 - May 2023 |
| Gold Reserves (USD mn) | 5,436.810 Oct 2024 | monthly | Dec 1956 - Oct 2024 |
| Total Deposits (USD mn) | 90,132.967 Nov 2024 | monthly | Jul 2002 - Nov 2024 |
| Total Deposits Growth (%) | 146.6 Nov 2024 | monthly | Jul 2003 - Nov 2024 |
| Domestic Credit (USD mn) | 172,455.7 Aug 2024 | monthly | Jan 1990 - Aug 2024 |
| Domestic Credit Growth (%) | 162.2 Aug 2024 | monthly | Jan 1991 - Aug 2024 |
| Credit to Households (USD bn) | 9.555 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 82.636 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
| Household Debt (USD mn) | 19,977.0 Aug 2024 | monthly | Dec 1999 - Aug 2024 |
| Total Loans (USD mn) | 0.000 Nov 2024 | monthly | Jan 1990 - Nov 2024 |
| Total Loans Growth (%) | -100.00 Nov 2024 | monthly | Jan 1991 - Nov 2024 |
| Private Debt: % of Nominal GDP (%) | 9.42 Jun 2024 | quarterly | Dec 2004 - Jun 2024 |
| ORA: Foreign Currency Reserves (FCR) (USD mn) | 22,299.430 Oct 2024 | monthly | Jul 2006 - Oct 2024 |
| Official Reserve Assets (ORA) (USD mn) | 28,617.950 Oct 2024 | monthly | Dec 1999 - Oct 2024 |
| Deposits: ARS (ARS mn) | 91,169,496.200 Nov 2024 | monthly | Jul 2002 - Nov 2024 |
| Loans (ARS mn) | 5,759,914.20 Jun 2018 | monthly | Jan 1990 - Jun 2018 |
| Loans: ARS: Non Financial: Private: Mortgages (ARS mn) | 1,354,555.533 Nov 2024 | monthly | Jul 2002 - Nov 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Geopolitical Risk Index (%) | 0.049 Nov 2024 | monthly | Jan 1985 - Nov 2024 |
More Indicators for Argentina
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Balance of Payments
Balance of Payments: Current Account
BPM6: Balance of Payments: Analytical Presentation
BPM6: Balance of Payments: Detailed Presentation
BPM6: Balance of Payments: Financial Account: by Functional Category
BPM6: International Investment Position
Businesses Registered Statistics
Current Account as % of GDP
External Debt: Arrears and Reschedulings
External Debt: Debt Outstanding, Debt Ratio and Debt Service
External Debt: Net Flows and Net Transfers
External Debt: Short Term: USD: Quarterly: North and South America
Foreign Direct Investment: Gross Liabilities Position: by Industry: New Methodology
Foreign Exchange Balance: Quarterly
Investment Statistics
Balance of Payments: Capital and Financial Account
Balance of Payments: Current Account: Forecast: Non OECD Member: Annual
BPM6: Balance of Payments: Analytical Presentation: Annual
BPM6: Balance of Payments: Detailed Presentation: Annual
BPM6: Foreign Exchange Balance: Quarterly
BPM6: International Investment Position: Annual
Company Statistics
External Debt: Amortization
External Debt: Commitments and Currency Composition
External Debt: Disbursements and Interest Payment
External Debt: Private Sector
External Debt: Terms and Undisbursed Debt
Foreign Exchange Balance
Gross Domestic Product: Seasonally Adjusted: Non OECD Member: Annual