2026.05.2515:00:00UTC+00Mexico’s Current Account Swings to Sharp Deficit of 3.10% of GDP in Q1 2026

Mexico’s external position deteriorated markedly in the first quarter of 2026, with the current account balance shifting from a surplus of 1.60% of GDP to a deficit of 3.10% of GDP. Both figures refer to the same period, the first quarter of 2026, but reflect an updated assessment of the country’s external accounts.

The revision, disclosed on 25 May 2026, indicates a much weaker current account position than previously reported. The move from a positive to a negative reading signals that Mexico is now absorbing more resources from abroad than it is generating through trade in goods and services, primary income, and transfers.

The updated data may prompt closer scrutiny from investors and policymakers, as a current account deficit of this magnitude can influence currency dynamics, external financing needs and broader macroeconomic planning. However, further detail on the drivers of the revision will be needed to fully assess its implications for Mexico’s economic outlook.