(Reuters).- Mexico registered an annual current account surplus for the first time in at least 1 1/2 decades in 2020 as imports declined more sharply than exports during the coronavirus pandemic, the Central Bank said on Thursday, Feb. 25th.
The current account surplus in Latin America’s second-biggest economy was $26.6 billion last year, after a deficit of $4.2 billion during 2019, the bank said.
The surplus represented 2.4% of annual gross domestic product (GDP), and the largest since 1983, the bank said.
During the fourth quarter, the surplus was $17.4 billion, equivalent to 5.8% of GDP over the period.
Data published by the bank showed Mexico had posted an annual current account deficit every year since 2006, the latest one for which figures are available in its online data base.
Preliminary figures published last month by the national statistics office showed that Mexico’s exports fell by 9.3% last year, while imports tumbled by 15.8%.
(Writing by Dave Graham; Editing by Alexandra Hudson for Reuters)
more recommended stories
Fonatur accused of logging more than 144 hectares of forest land for the Tren Maya
MÉRIDA, MX.- Civil associations have joined.
Yacht catches fire on the high seas off the shore of Celestún
The yacht “Juan Pablo” at the.
Mauricio Vila promotes Yucatan during the meeting of governors with the United States Ambassador
Villahermosa, Tabasco, (October 21, 2021) .-.
Greenpeace asks Profepa to investigate alleged illegal planting of transgenic soybeans and corn in Campeche
MÉRIDA, MX.- The international group Greenpeace.
Fossil stuck in 100 million-year-old amber is oldest “true crab” ever discovered
In 2015, two researchers stumbled across.
We still have five weeks left to 2021 hurricane season
The 2021 hurricane season hasn’t been.
Increased feeling of insecurity among Merida residents (INEGI)
Mérida, Yucatán.- Insecurity perception indexes throughout.
FGE arrests two men for child abuse in Yucatan
MÉRIDA, Yucatán, (October 21, 2021) .-.
Agustín Gusto, the first wine produced in Valladolid, Yucatán
Valladolid, Yucatán.- The Agustín Gusto restaurant,.
Mérida’s 2022 municipal budget proposal is ready
Merida will prioritize health services, security.