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Mexico posts record current account surplus, first in nine years

Christian Fernsby ▼ | August 26, 2019
Mexico posted its largest current account surplus on record and the first in nine years, lifted by robust foreign trade with the United States.
Mexico city
LatAm   Goods exports were worth almost $5 billion more than imports
In the second quarter, Mexico ran up a current account surplus of $5.143 billion, the biggest since current records began in 1980, and equivalent to 1.6 percent of gross domestic product (GDP), central bank figures showed.

Topics: Mexico surplus

The Mexican central bank data showed goods exports were worth almost $5 billion more than imports in the quarter, yielding the first such trade surplus in five years.

The current account is a broader measure of a country’s foreign transactions encompassing trade, services and financial flows, including interest payments and income transfers.