Mexico Current Account Balance
29 Nov 2010 3 Comments
According to the index mundi, Mexico has current account deficit. Mexico has maintained its current account state as deficit since 1988. Before 1988, the current account was mostly deficit. Current account balance as a percentage of GDP is 0.55% deficit.
As the bar diagram above shows, the current account balance has been in deficit the whole time. However, in 2007, the current account balance improved nearly close to 0%, while the balance was the worst in 2009.
According to a news article, Mexico had third-quarter current account gap of $1.8 billion. Economists and analysts believe that Mexico will stay in the deficit for a long period of time, and the current account balance may worsen to $2.95 billion deficit.
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Dec 01, 2010 @ 23:51:09
JiHyun:D Mexico is the complete opposite of Japan ! I wonder why in 2007 it improved all of the sudden, but in 2009 it got the worst. Maybe because of the third-quarter current account gap? great job!!:D
Jan 20, 2011 @ 00:27:02
JiHyun, this post is good. this way I got to understand better about Mexico and its account balance. I tried clicking on the articles link but I was unable to have access to it.