Argentina’s current account deficit narrowed in the fourth quarter of 2016 to USD 4.40 billion, from USD 4.93 billion in the same quarter of last year. Consensus expected a USD 3.90 billion deficit. The 11 percent annual deficit decline was mainly explained by a narrower trade deficit, which was recorded at USD 869 million in the period. On a yearly basis, the current account deficit also narrowed to USD 15.02 billion (from USD 16.81 billion in 2015), mainly explained by a 6.9 percent fall in imports of goods. Current Account in Argentina averaged -605.25 USD Million from 1976 until 2016, reaching an all time high of 4557.91 USD Million in the second quarter of 2009 and a record low of -5107 USD Million in the first quarter of 2015.
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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 the latest reported value for – Argentina Current Account – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Argentina Current Account – actual data, historical chart and calendar of releases – was last updated on March of 2017.