Publications

The trade surplus in 1Q25 is mainly due to the positive balance on non-oil-related goods. Net foreign direct investment posted an increase of 3.4% YoY in 1Q25 when comparing advance figures.

The current account surplus in the fourth quarter of 2024 was higher than the corresponding figure for the third quarter of 2024 mainly due to the surplus in the balance on non-oil related goods.

The trade balance reversed its behavior of the end of last year and posted a deficit in the first quarter of 2024. Given the stylized fact that the trade balance shows a countercyclical behavior, this deficit reflects that the Mexican economy reassumed its growth path at the beginning of the year.

In the third quarter, the current account deficit continued to narrow and reached 1.68 billion dollars, representing 1.7% of GDP. Nevertheless, the reasons for this closing are not as good as others: they respond to the process of contraction that domestic demand has undergone so far this year.

The current account deficit reached USD 2,525 million in the second quarter and represented 3% of GDP, decreasing by 49% with respect to the value recorded in the second quarter of 2022. The deficit reduction was driven by the adjustment in the trade balance.

The Spanish economy saves more than it invests, exports more than it imports, pays less and less interest than the returns it generates abroad, and will do all this at record high levels this year.

Current account deficit for 2022 reached $21.446 billion and represented 6.2% of GDP, significantly above historical averages.

The Current Account of the BoP includes the trade balance and the net dividend and interest payments abroad. A current account deficit implies that the country is a net debtor to the rest of the world. An econometric model is used to estimate the structural Current Account balance of Argentina and its long-term determinants