Current Account (% of GDP)

Current Account (% of GDP)

The current account is one of the two components of a country's balance of payments, the other being the capital account. It consists of the trade balance (the difference between the total value of exports of goods and services and the total value of imports of goods and services), the net factor income (difference between the return on investments generated by citizens abroad and payments made to foreign investors domestically) and net cash transfers, where all these elements are measured in the domestic currency.

When a country's current account balance is positive (also known as incurring a surplus), the country is a net lender to the rest of the world. When a country's current account balance is negative (also known as running a deficit), the country is a net borrower from the rest of the world. The ratio of the current account balance to the Gross Domestic Product (or % of GDP) provides an indication of the country’s level of international competitiveness.

The table below shows the current account as a percentage of Gross Domestic Product (GDP) by country for the last five years.

Looking for forecasts? FocusEconomics Consensus Forecasts cover approx. 30 macro-economic indicators per country for a 5-year forecast period and quarterly forecasts for the most important economic variables. Get Details.

Current Account Data

2014 2015 2016 2017 2018
Albania-10.8-8.6-7.6-7.4-  
Algeria-4.3-16.4-16.5-13.2-  
Angola-2.6-8.8-3.1-0.5-  
Argentina-1.6-2.7-2.7-4.9-  
Armenia-7.6-2.7-2.0-3.0-  
Australia-3.2-4.7-3.3-2.6-  
Austria2.51.72.51.9-  
Azerbaijan13.9-0.4-3.64.1-  
Bahrain4.6-2.4-4.6-3.8-  
Bangladesh0.81.51.9-0.5-  
Belarus-6.6-3.1-3.4-1.7-  
Belgium-0.9-1.1-0.60.8-  
Belize-7.5-9.7-8.4-7.7-  
Bolivia1.7-5.8-5.6-5.0-  
Bosnia and Herzegovina-7.3-5.1-4.5-4.8-  
Botswana15.17.613.712.2-  
Brazil-4.1-3.0-1.3-0.4-  
Brunei30.716.712.916.4-  
Bulgaria1.30.02.63.1-  
Cambodia-8.5-8.8-8.5-7.9-  
Canada-2.4-3.5-3.2-2.8-  
Chile-1.6-2.3-1.6-2.1-  
China2.32.81.81.6-  
Colombia-5.2-6.3-4.2-3.3-  
Costa Rica-4.8-3.5-2.2-3.0-  
Croatia1.84.62.63.7-  
Cyprus-4.3-1.5-5.1-8.4-  
Czech Republic0.20.21.61.4-  
DR Congo-  -  -  -  -  
Denmark8.68.27.97.9-  
Dominican Republic-3.2-1.8-1.1-0.2-  
Ecuador-0.7-2.21.3-0.5-  
Egypt-0.9-3.6-6.0-6.1-  
El Salvador-5.4-3.2-2.1-1.9-  
Estonia0.81.82.03.2-  
Ethiopia-11.0-11.1-8.3-7.0-  
Eurozone2.52.73.13.2-  
Finland-1.5-0.7-0.7-0.7-  
France-1.0-0.4-0.5-0.6-  
Georgia-10.8-12.6-13.1-8.8-  
Germany6.98.58.47.9-  
Ghana-7.2-5.9-5.2-3.4-  
Greece-1.6-0.8-1.7-1.8-  
Guatemala-2.1-0.21.51.6-  
Haiti-15.2-8.9-5.8-7.6-  
Honduras-7.0-4.7-2.6-1.8-  
Hong Kong1.43.34.04.7-  
Hungary1.52.86.22.8-  
Iceland3.85.27.73.5-  
India-1.4-1.1-0.7-1.8-  
Indonesia-3.1-2.0-1.8-1.6-  
Iran3.10.33.93.4-  
Iraq2.6-6.4-7.82.1-  
Ireland1.14.4-4.20.5-  
Israel4.25.03.82.8-  
Italy1.81.32.52.6-  
Jamaica-8.0-3.0-0.3-2.6-  
Japan0.83.14.04.2-  
Jordan-7.3-9.1-9.4-10.6-  
Kazakhstan2.8-5.0-5.8-3.2-  
Kenya-10.3-6.8-4.9-6.2-  
Korea5.67.26.54.6-  
Kosovo-6.6-8.5-7.9-6.3-  
Kuwait33.43.5-4.65.9-  
Kyrgyzstan-18.6-18.7-11.5-6.4-  
Laos-14.5-15.8-8.8-7.5-  
Latvia-1.7-0.51.60.7-  
Lebanon-24.0-16.7-20.5-22.7-  
Lithuania3.6-2.1-0.70.8-  
Luxembourg5.25.15.15.0-  
Malaysia4.43.02.42.8-  
Malta3.13.66.312.3-  
Mexico-1.9-2.6-2.3-1.7-  
Moldova-7.1-7.2-4.2-5.7-  
Mongolia-15.8-8.1-6.3-10.1-  
Montenegro-15.2-13.2-18.1-18.6-  
Morocco-5.8-2.1-4.0-3.4-  
Mozambique-32.7-36.9-32.1-19.5-  
Myanmar-4.2-3.1-4.0-6.4-  
Netherlands8.46.28.010.8-  
New Zealand-3.1-3.0-2.2-2.9-  
Nicaragua-7.1-8.8-6.5-4.9-  
Nigeria0.2-3.20.72.8-  
North Macedonia-0.6-1.9-2.9-0.8-  
Norway10.37.94.05.7-  
Oman5.2-15.9-18.7-15.2-  
Pakistan-1.3-1.0-1.7-4.1-  
Panama-13.4-7.9-8.0-7.9-  
Paraguay-0.1-0.43.63.1-  
Peru-4.7-5.3-2.6-1.2-  
Philippines3.82.5-0.4-0.7-  
Poland-2.1-0.6-0.50.1-  
Portugal0.10.10.60.5-  
Puerto Rico4.37.29.18.4-  
Qatar24.08.5-5.53.8-  
Romania-0.6-1.2-2.0-3.4-  
Russia2.85.01.92.1-  
Saudi Arabia9.8-8.7-3.71.5-  
Serbia-5.6-3.5-2.9-5.2-  
Singapore17.917.217.516.4-  
Slovakia1.0-1.7-2.1-2.1-  
Slovenia5.13.84.86.1-  
South Africa-5.1-4.6-2.9-2.5-  
Spain1.11.22.31.9-  
Sri Lanka-2.5-2.3-2.1-2.6-  
Sweden4.54.23.82.8-  
Switzerland8.411.29.46.7-  
Taiwan11.414.113.414.5-  
Tajikistan-3.7-6.9-4.22.3-  
Tanzania-10.1-8.6-5.5-3.5-  
Thailand2.96.910.59.7-  
Trinidad and Tobago14.57.4-3.94.9-  
Tunisia-9.1-8.9-8.8-10.2-  
Turkey-4.7-3.7-3.8-5.6-  
Turkmenistan-6.1-15.6-20.2-10.3-  
USA-2.1-2.2-2.3-2.3-  
Uganda-7.7-6.7-3.3-5.5-  
Ukraine-3.51.8-1.5-2.2-  
United Arab Emirates13.34.93.77.3-  
United Kingdom0.00.0-0.10.0-  
Uruguay-3.1-0.90.60.8-  
Uzbekistan1.70.70.52.5-  
Venezuela1.7-5.6-0.46.1-  
Vietnam5.10.54.22.8-  
Yemen-4.5-11.4-9.7-  -  
Zambia2.3-2.3-3.2-1.6-  

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