Mexico’s current account deficit narrowed to USD 3.36 billion in the last quarter of 2016 compared to a downwardly revised USD 7.52 billion the same quarter of the previous year. The goods deficit declined significantly to USD 0.66 billion from USD 3.78 billion a year ago while the services gap increased to USD 1.95 billion from USD 1.87 billion. Considering full 2016, the country recorded a USD 27.86 billion gap, equivalent to 2.7 percent of the gross domestic product, compared to a USD 33.35 billion shortfall in 2015, equivalent to 2.9 percent of GDP. Current Account in Mexico averaged -2120.11 USD Million from 1960 until 2016, reaching an all time high of 2173.78 USD Million in the first quarter of 1984 and a record low of -9078.02 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 – Mexico Current Account – actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Current Account – actual data, historical chart and calendar of releases – was last updated on February of 2017.