Argentina Current Account to GDP
Argentina recorded a Current Account deficit of 0.90 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Argentina averaged -0.62 Percent from 1980 until 2013, reaching an all time high of 8.50 Percent in 2002 and a record low of -4.80 Percent in 1998. Current Account to GDP in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
||1980 - 2013
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.