Current Account Balance: Mexico

Analysis# Mexico Current Account Balance Mexico's current account balance stands at -0.3% of GDP in 2026, reflecting a modest deficit. This represents a dramatic shift from the all-time peak of 7.4% in 1983, though the country remains well above its worst performance of -8.5% in 1992. Since 1980, the metric has deteriorated 94.1%, indicating a fundamental structural change in Mexico's external accounts over four decades. The most significant turning point occurred in 2020, when Mexico briefly achieved a surplus of 2.4% amid pandemic-driven trade dynamics. Since then, deficits have resumed, fluctuating between -0.2% and -1.3% annually. The recent stabilization near -0.3% suggests Mexico's current account has found a relatively equilibrium level, with 2025-2026 projections indicating continued modest deficits rather than any sharp deterioration.