Mexico | Trade deficit confirms economic dynamism of the first quarter

Summary

Information corresponding to 1Q22 indicates that the current account registered a deficit of USD 6.5 billion, whose annualized figure is equal to 1.9% of GDP. For 2022 we forecast that the current account will post a deficit of USD 12.0 billion (0.9% of GDP).

Key points

• Key points:
• The current account deficit posted in 1Q22 was lower than the deficit registered one year before mainly due to the smaller deficit in the balance on primary income
• Net foreign direct investment posted an increase of 33.5% YoY in 1Q22 when comparing preliminary figures

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