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Argentina’s external accounts showed a sharp turnaround in late 2025, as the country’s current account in US dollars moved from a significant deficit to a solid surplus by year-end.
According to data updated on 27 March 2026, Argentina’s current account balance shifted from a deficit of -1.580 billion USD in the third quarter of 2025 to a surplus of 2.294 billion USD in the fourth quarter of 2025. This marks a substantial quarter-on-quarter improvement in the country’s external position.
The move from red to black on the current account suggests a notable adjustment in Argentina’s trade and income flows with the rest of the world during the final quarter of 2025, potentially easing near-term pressure on external financing needs and currency stability. Further details on the drivers of this swing were not provided with the latest release.