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Mexico posts first account surplus for years during 2020

RIO DE JANEIRO, BRAZIL - 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, central bank said showed on Thursday, February 25th.

The current account surplus in Latin America's second-biggest economy was US$26.6 billion last year, after a deficit of US$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 . . .

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