Mexico Current Account

Mexico recorded a Current Account deficit of 4660.33 USD Million in the fourth quarter of 2013. Current Account in Mexico is reported by the Banco de México. Current Account in Mexico averaged -1754.15 USD Million from 1960 until 2013, reaching an all time high of 2173.78 USD Million in the first quarter of 1984 and a record low of -7908.41 USD Million in the third quarter of 1994. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Mexico Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-4660.33 -5457.09 2173.78 -7908.41 -4007.96 | 2014/06 1960 - 2013 USD Million Quarterly

TO

Mexico Current Account
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-05-24 05:00 PM Mexico
Current Account
Q1 2013 USD -5.53B USD -7.02B USD -3.1B USD -5995.8M
2013-08-23 03:00 PM Mexico
Current Account
Q2 2013 USD -6.0B USD -5.53B USD -3.2B USD -3.8B
2013-11-25 03:00 PM Mexico
Current Account
Q3 2013 USD -5.45B USD -6.0B USD -7.7B
2014-02-25 03:00 PM Mexico
Current Account
Q4 2013 USD -4660M USD-5457M USD -7791.1M
2014-05-23 03:00 PM Mexico
Current Account
Q1 2014 USD -4660M USD -5423M
2014-08-25 03:00 PM Mexico
Current Account
Q2 2014 USD -4008M
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Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP -0.82 2012-12-31 -0.80 3.40 -6.10 -1.18 2014-06-30 Percent [+]
Crude Oil Production 2580.00 2013-10-15 2563.00 3547.00 1977.00 2529.44 2013-11-30 Thousands Barrels per Day [+]
External Debt 1850.89 2014-01-31 1731.87 1850.89 0.70 1855.42 2014-06-30 MXN Billion [+]
Foreign Direct Investment 5419364.90 2013-11-15 3181120.40 18907245.60 -127118.20 7685311.75 2014-06-30 USD Thousand [+]
Remittances 1677.26 2014-02-15 1590.23 2637.71 248.06 1944.44 2014-06-30 USD Million [+]
Terms of Trade 56.24 2014-02-15 56.20 106.34 44.60 57.38 2014-06-30 Index Points [+]
Tourist Arrivals 1304.28 2014-02-15 1429.31 1704.46 0.00 1341.09 2014-06-30 Thousand [+]
Balance of Trade 976.34 2014-02-15 -3195.07 1752.97 -3292.31 -39.38 2014-06-30 USD Million [+]
Exports 30519.81 2014-02-15 27038.46 35088.19 1225.59 30291.85 2014-06-30 USD Million [+]
Imports 29543.47 2014-02-15 30233.53 35564.84 647.02 31154.98 2014-06-30 USD Million [+]
Current Account -4660.33 2013-11-15 -5457.09 2173.78 -7908.41 -4007.96 2014-06-30 USD Million [+]
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Current Account | Notes
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). The balance of trade is typically the most important part of the current account. And a current account surplus is usually associated with trade surplus. However, for the few countries with substantial overseas assets or liabilities, net factor payments may be significant. Positive net sales to abroad generally contribute to a current account surplus as the value interest or dividends generated abroad is bigger than the value of interest or dividends generated from foreign capital in the country. Net transfer payments are very important part of the current account in poor and developing countries as workers' remittances, donations, aids and grants and official assistance may balance high trade deficits.


RELATED NEWS

Mexico Inflation Rate Decelerates in March  
Mexican annual consumer prices slowed for the second straight month to 3.76 percent in March of 2014, down from 4.23 percent in February. The inflation is now below the central bank’s 4 percent limit.
Mexico Trade Balance Returns to Surplus  
In February of 2014, Mexico posted a USD 976 million trade surplus, after recording in January the highest deficit on record. The figure compares with a USD 80 million surplus in the same month last year.
Mexico Unemployment Rate Falls in February  
Mexican jobless rate decreased to 4.65 percent in February of 2014 from 5.05 percent in January. A year ago, the unemployment rate was recorded at 4.85 percent.
Mexico Leaves Monetary Policy on Hold  
At its March 21st, 2014 meeting, Bank of Mexico left the overnight interbank rate steady at 3.5 percent for the third straight meeting, as it considers that the current policy stance remains appropriate to reach the 3 percent inflation target.
Mexico Inflation Rate Slows in February  
Mexican consumer prices rose by an annual 4.23 percent in February, down from 4.48 percent in January, as the effects of new taxes eased. A year earlier, the inflation was recorded at 3.55 percent.
Mexico Posts Record Trade Deficit in January  
In January of 2014, Mexican trade balance posted a USD 3.195 billion deficit, the highest trade deficit on record and mainly due to a fall in oil exports.
Mexico Unemployment Rate Rises in January  
In January of 2014, Mexican jobless rate edged up to 5.05 percent, after falling in December last year to a 5-year low at 4.25 percent.
Mexican Economy Slows in Q4  
Mexico’s GDP growth slowed in the last quarter of 2013 hurt by a drop in industrial production. The economy advanced a meager 0.2 percent on a quarter-on-quarter seasonally adjusted basis, down from a revised 0.95 percent growth rate in the previous three-month period.
Mexico GDP Growth Disappoints in Q4  
In the last three months of 2013, Mexican economy slowed for the second straight quarter expanding only 0.7 percent over a year earlier, hurt by lower production in agriculture and mining.
Mexico Annual Inflation Rate Hits 7-month High in January  
Mexican consumer prices rose 4.48 percent in the year through January up from 4 percent reported in December. During the month prices increased 0.89 percent.
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