Argentina Current Account to GDP

Argentina recorded a Current Account deficit of 0 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC). Current Account to GDP in Argentina averaged -0.59 Percent from 1980 until 2012, reaching an all time high of 8.50 Percent in 2002 and a record low of -4.80 Percent in 1998. 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. This page provides - Argentina Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.00 -0.40 8.50 -4.80 0.28 | 2013/12 1980 - 2012 Percent Yearly

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Argentina Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade 44.00 2014-02-15 35.00 2543.00 -791.00 334.22 2014-03-31 USD Million [+]
Exports 5393.00 2014-02-15 5231.00 8429.00 55.00 5623.50 2014-03-31 USD Million [+]
Imports 5349.00 2014-02-15 5196.00 7619.00 36.00 5360.34 2014-03-31 USD Million [+]
Current Account -1720.53 2013-11-15 -1051.00 4583.78 -4416.36 -1992.07 2014-03-31 USD Million [+]
Current Account to GDP 0.00 2012-12-31 -0.40 8.50 -4.80 0.28 2013-12-31 Percent [+]
Capital Flows -1880.26 2013-11-15 -1736.00 7623.00 -7775.31 -2200.14 2014-03-31 USD Million [+]
Crude Oil Production 540.00 2013-12-15 543.00 855.00 511.00 538.18 2013-11-30 Thousands Barrels per Day [+]
External Debt 137612.68 2013-12-31 133672.14 171205.27 87524.40 133906.16 2014-03-31 USD Million [+]
Foreign Direct Investment 445.09 2013-11-15 777.64 1454.20 118.06 556.14 2014-03-31 USD Millions [+]
Gold Reserves 61.74 2013-12-31 61.74 61.74 0.28 61.74 2014-03-31 Tonnes [+]
Remittances 991.00 2012-12-31 1011.00 1011.00 100.00 980.90 2013-12-31 USD Million [+]
Terms of Trade 138.10 2013-11-15 134.90 153.20 81.70 130.42 2014-03-31 Index Points [+]
Tourist Arrivals 1523221.00 2013-11-15 1331817.00 1715520.00 711417.00 [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Argentina Money Market Rate at 14.73 Percent  
The benchmark interest rate in Argentina was last recorded at 14.73 percent.
Argentina Balance of Trade at 44.00 USD Million  
Argentina recorded a trade surplus of 44 USD Million in February of 2014. Balance of Trade in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
Argentina Exports at 5393.00 USD Million  
Exports in Argentina increased to 5393 USD Million in February of 2014 from 5231 USD Million in January of 2014. Exports in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
Argentina Imports at 5349.00 USD Million  
Imports in Argentina increased to 5349 USD Million in February of 2014 from 5196 USD Million in January of 2014. Imports in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
Argentina Current Account at -1720.53 USD Million  
Argentina recorded a Current Account deficit of 1720.53 USD Million in the fourth quarter of 2013. Current Account in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
Argentina Consumer Confidence at 36.69  
Consumer Confidence in Argentina increased to 36.69 in April of 2014 from 36.21 in March of 2014. Consumer Confidence in Argentina is reported by the Universidad Torcuato di Tella.
Argentina Capital Flows at -1880.26 USD Million  
Capital Flows in Argentina decreased to -1880.26 USD Million in the fourth quarter of 2013 from -1736 USD Million in the third quarter of 2013. Capital Flows in Argentina is reported by the Mecon, Argentina.
Argentina Capacity Utilization at 70.06 Percent  
Capacity Utilization in Argentina increased to 70.06 percent in February of 2014 from 63.70 percent in January of 2014. Capacity Utilization in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
Argentina Domestic Car Sales at 50.00 Thousand  
Car Registrations in Argentina decreased to 50 Thousand in March of 2014 from 55 Thousand in February of 2014. Car Registrations in Argentina is reported by the Asociación de Fábricas de Automotores (ADEFA).
Argentina Changes in Inventories at -24297.00 ARS Million  
Changes in Inventories in Argentina decreased to -24297 ARS Million in the third quarter of 2013 from -860 ARS Million in the second quarter of 2013. Changes in Inventories in Argentina is reported by the Mecon, Argentina.
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