Mexico | Economic dynamism is supported by non-oil merchandises

Summary

Information corresponding to 2Q21 indicates that the current account posted a surplus of USD 6.3 billion, whose annualized figure is equal to 1.9% of GDP. For 2021 we forecast that the current account will register a deficit of USD 1.5 billion or 0.1% of GDP.

Key points

• Key points:
• The current account surplus in the second quarter of 2021 differed from the deficit posted in the same period of last year due to the higher surpluses in the trade balances on non-oil merchandises and secondary income
• Net foreign direct investment posted an increase of 29.7% YoY in 1H21 when comparing preliminary figures

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