Mexico Current Account to GDP

Mexico recorded a Current Account deficit of 0.82 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Mexico is reported by the Bank of Mexico. From 1980 until 2012, Mexico Current Account to GDP averaged -1.7 Percent reaching an all time high of 3.4 Percent in December of 1983 and a record low of -6.1 Percent in December of 1992. 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 - Mexico 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
-0.82 -0.80 3.40 -6.10 -1.18 | 2014/06 1980 - 2012 Percent Yearly

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Mexico Current Account to GDP
LIST BY COUNTRY

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 2557.00 2013-12-15 2553.00 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 [+]
[+]


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.


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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.
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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.
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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.
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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.
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