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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 current account deficit stood at 4.2% of GDP in Q1 2023 (USD 3,421 million), decreasing from 6.2% in Q1 2022 (USD 5,351Million) and down from 6.1% recorded in the previous quarter.
Current account deficit for 2022 reached $21.446 billion and represented 6.2% of GDP, significantly above historical averages.
Our forecast of 2.0% of GDP for the current account deficit implies that Mexico will enter a phase of economic recovery after a real GDP contraction of 0.1% in 2019. This forecast suggests that the country is not vulnerable to external shocks a…
As a small economy, Colombia is not immune to the reality of the global context. Short- and medium-term scenarios can be affected by exchange rate volatility, weakening investment, fiscal deficit, current account deficit and informality in the …
Global recovery proceeds at a stable pace. Moreover, thanks to the Credit Guarantee Fund, Turkish economy continues to grow above potential, which leads us to upgrade our 2017 GDP growth estimate by 1pp to 6%. Additionally, higher momentum in economic activity and ongoing exchange rate pass-through especially from euro resu…
The economic authorities have cut programmable public spending, and plan to continue doing so, and have also increased the monetary policy rate as measures to counteract the effects of lower oil revenues and the consequently increased current account deficit
The balance of payments ended the third quarter with a current account surplus that improves on the observed at end of 1S15. Both the surplus of goods and services and the income deficit improved in September. Investment flows to and from abroa…
The balance of payments registered a decrease in the current account surplus until August. While the tourism balance behaved positively, the balance of goods and non-tourism services, as well as rents lost ground. Meanwhile, investment to and f…
Balance of payments registered an increase in the current account surplus up to 16185 million euros in July. Both the goods and services balance and the balance of income maintained the positive trend. Similarly, investment inflows and outflow…
Significant increase in the current account deficit in Peru, that reached 7.3% of GDP in 2Q14. Particularly important was the moderation in mining exports, a situation that we expect to reversed in the coming months as big mining projects reach full capacity production.
