Overview

• The current account posted a $3.016 billion deficit in Q2 2025, led by a $4.080 billion primary income gap and a $2.483 billion services deficit, partly offset by a goods surplus.
• Residents’ foreign currency held outside the local financial system totaled $269.375 billion, up about $2.6 billion from Q1, according to Indec.
• The financial account showed $2.835 billion in net inflows, with external liabilities rising by $20.624 billion and external assets by $17.789 billion.
• International reserves increased by $14.271 billion during the quarter, Indec’s balance-of-payments report indicated.
• Gross external debt climbed to $305.043 billion, mainly from government borrowing tied to multilateral disbursements, while the IIP recorded a $38.6 billion net creditor position.