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. 2014-04-19

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 547.00 2013-10-15 546.00 855.00 511.00 538.18 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 Consumer Price Index (CPI) at 113.03 Index Points  
Consumer Price Index (CPI) in Argentina increased to 113.03 Index Points in March of 2014 from 110.17 Index Points in February of 2014. Consumer Price Index (CPI) in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
Argentina Inflation Rate MoM at 2.60 Percent  
The Consumer Price Index in Argentina increased 2.60 percent in March of 2014 over the previous month. Inflation Rate Mom in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
Argentina Gold Reserves at 61.74 Tonnes  
Gold Reserves in Argentina remained unchanged at 61.74 Tonnes in the fourth quarter of 2013 from 61.74 Tonnes in the third quarter of 2013. Gold Reserves in Argentina is reported by the World Gold Council.
Argentina Crude Oil Production at 547.00 Thousands Barrels per Day  
Crude Oil Production in Argentina increased to 547 Thousands Barrels per Day in October of 2013 from 546 Thousands Barrels per Day in September of 2013. Crude Oil Production in Argentina is reported by the U.S. Energy Information Administration.
Argentina up to 15 Days Interbank Rate at 14.73 Percent  
Interbank Rate in Argentina decreased to 14.73 percent in February of 2014 from 16.15 percent in January of 2014. Interbank Rate in Argentina is reported by the Central Bank of Argentina.
Argentina Producer Prices at 767.38 Index Points  
Producer Prices in Argentina increased to 767.38 Index Points in February of 2014 from 727.17 Index Points in January of 2014. Producer Prices in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
Argentina Terms of Trade at 138.10 Index Points  
Terms of Trade in Argentina increased to 138.10 Index Points in the fourth quarter of 2013 from 134.90 Index Points in the third quarter of 2013. Terms of Trade in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
Argentina Tourist Arrivals at 1523221.00  
Tourist Arrivals in Argentina increased to 1523221 in the fourth quarter of 2013 from 1331817 in the third quarter of 2013. Tourist Arrivals in Argentina is reported by the Secretariat of Tourism, Argentina.
Argentina Unemployed Persons at 1068.82 Thousand  
The number of unemployed persons in Argentina decreased to 1068.82 Thousand in the fourth quarter of 2013 from 1156.82 Thousand in the third quarter of 2013. Unemployed Persons in Argentina is reported by the Mecon, Argentina.
Argentina Wage Index at 152.34 Index Points  
Wages in Argentina increased to 152.34 Index Points in February of 2014 from 149.17 Index Points in January of 2014. Wages in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
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