Kosovo Current Account Balance (% 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 (the 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.

This chart displays Current Account Balance (% of GDP) for Major Economies, Euro Area, South Asia, Middle East & North Africa, Latin America from 2010 to 2022.

Current Account (% of GDP) Data

2018 2019 2020 2021 2022
Afghanistan -22.1 -19.9 -15.6 - -
Albania -6.8 -7.9 -8.7 -7.7 -5.9
Algeria -9.7 -9.9 -12.5 -2.8 9.8
Andorra - 18.0 14.6 - -
Angola 7.3 6.2 1.6 11.8 10.1
Antigua and Barbuda -14.6 -7.1 -16.9 -17.2 -17.2
Argentina -5.2 -0.8 0.7 1.4 -0.7
Armenia -7.2 -7.1 -4.0 -3.5 0.8
Aruba -0.5 2.5 -12.4 2.6 -
Australia -2.2 0.4 2.2 2.9 1.1
Austria 0.9 2.4 3.4 1.6 -0.3
Azerbaijan 12.9 9.1 -0.5 15.2 29.8
Bahamas, The -11.8 -2.8 -24.2 -21.2 -8.2
Bahrain -6.4 -2.1 -9.4 6.6 15.4
Bangladesh -3.0 -1.3 -1.5 -1.1 -4.1
Barbados -4.4 -2.7 -5.9 -11.0 -10.7
Belarus 0.0 -1.9 -0.3 3.1 3.7
Belgium -0.9 0.1 1.4 1.3 -1.0
Belize -6.9 -7.7 -6.2 -6.5 -8.3
Benin -4.4 -4.0 -1.9 -4.0 -6.2
Bhutan -20.5 -20.6 - - -
Bolivia -4.3 -3.3 0.0 2.6 -0.4
Bosnia-Herz. -3.1 -2.5 -3.2 -2.2 -4.3
Botswana 0.4 -6.9 -10.3 -1.4 2.9
Brazil -2.9 -3.6 -1.9 -2.8 -2.5
Brunei 6.9 6.6 4.3 11.2 19.6
Bulgaria 0.9 1.9 0.0 -1.7 -1.4
Burkina Faso -4.2 -3.2 4.1 0.4 -
Burundi -10.3 -10.3 - - -
Cabo Verde -4.4 -1.0 -16.3 -12.9 -
Cambodia -11.8 -10.8 -3.4 -40.1 -25.6
Cameroon -3.5 -4.3 -3.7 -4.0 -1.8
Canada -2.4 -2.0 -2.0 0.0 -0.4
CdI -3.5 -2.2 -3.1 -4.0 -6.3
Central African Republic -8.2 -4.9 -7.6 -11.6 -
Chad -1.1 -4.2 -7.3 -3.4 -
Chile -4.5 -5.2 -1.9 -7.3 -9.0
China 0.2 0.7 1.7 2.0 2.2
Colombia -4.2 -4.6 -3.4 -5.6 -6.2
Comoros -2.9 -3.4 -1.9 -0.5 -
Congo -3.5 -3.2 -2.3 -1.1 -5.3
Costa Rica -3.0 -1.3 -1.0 -3.2 -3.7
Croatia 1.6 2.5 -1.0 1.0 -2.8
Cuba 1.2 1.6 -0.5 - -
Cyprus 0.0 0.0 0.0 0.0 0.0
Czech Republic 0.4 0.3 2.0 -2.8 -6.1
Denmark 7.3 8.5 8.1 9.1 13.4
Djibouti 14.2 16.9 - - -
Dominica -43.6 -35.5 -35.5 -27.6 -
Dominican Republic -1.5 -1.3 -1.7 -2.8 -5.6
DR Congo -3.6 -3.1 -2.2 -0.9 -5.0
Ecuador -1.2 -0.2 2.3 2.9 1.8
Egypt -2.3 -3.4 -2.9 -4.4 -3.5
El Salvador -3.3 -0.4 1.6 -4.3 -6.6
Eritrea 15.5 13.0 - - -
Estonia 0.9 2.5 -1.9 -2.6 -3.2
Ethiopia -5.3 -5.4 -2.7 -4.0 -
Euro Area 2.9 2.5 1.7 2.8 -0.6
Fiji -8.4 -12.8 -13.7 -15.9 -
Finland -1.8 -0.3 0.5 0.4 -2.6
France -0.8 0.5 -1.6 0.4 -2.0
Gabon -5.2 -5.1 - - -
Gambia, The -9.5 -6.1 -3.0 0.0 -
Georgia -6.8 -5.9 -12.5 -10.4 -4.5
Germany 8.0 7.6 7.0 7.3 3.7
Ghana -3.1 -2.8 -3.1 -3.3 -2.2
Greece -2.9 -1.5 -6.6 -6.8 -10.3
Grenada -12.9 -10.1 -16.4 -13.0 -4.5
Guatemala 0.9 2.4 5.1 2.2 1.3
Guinea -18.8 -16.0 -17.0 -2.0 -
Guyana -29.2 -69.3 -16.4 -26.1 -
Haiti -2.8 -1.1 0.4 0.4 -
Honduras -6.6 -2.6 2.8 -5.4 -6.6
Hong Kong 3.7 5.9 7.0 11.8 10.0
Hungary 0.2 -0.8 -1.1 -4.2 -8.2
Iceland 4.3 6.5 0.9 -3.0 -2.3
India -2.1 -0.9 0.9 -1.2 -2.0
Indonesia -2.9 -2.7 -0.4 0.3 1.0
Iran 7.9 -0.7 -0.4 3.9 4.1
Iraq 15.2 6.8 -3.5 11.9 22.1
Ireland 4.9 -19.9 -6.5 13.7 10.8
Israel 3.0 3.4 4.9 4.0 3.9
Italy 2.6 3.3 3.9 2.4 -1.5
Jamaica -1.5 -1.9 -1.1 1.0 -0.8
Japan 3.5 3.5 3.0 3.9 1.9
Jordan -6.8 -1.7 -5.7 -8.0 -7.7
Kazakhstan -1.0 -3.9 -6.4 -1.4 3.1
Kenya -4.7 -5.5 -4.6 -5.5 -5.1
Kiribati 39.0 49.6 39.9 8.9 -
Korea 4.5 3.6 4.6 4.7 1.5
Kosovo -7.6 -5.7 -7.0 -8.7 -10.5
Kuwait 18.6 24.0 20.9 24.6 34.5
Kyrgyzstan -11.6 -12.0 4.8 -8.4 -44.9
Laos -9.1 -7.0 -1.2 2.4 -0.1
Latvia -0.2 -0.6 2.9 -3.9 -4.7
Lebanon -24.3 -21.5 -8.8 -14.7 -
Lesotho -2.1 -3.0 -0.9 -3.6 -
Liberia -20.7 -21.2 -9.1 -2.9 -
Libya 14.7 7.0 -10.2 - -
Lithuania 0.3 3.5 7.3 1.1 -5.5
Luxembourg 6.5 8.9 8.6 7.9 7.7
Macao 33.1 34.0 15.5 9.5 -
Madagascar 0.7 -2.1 -4.8 -5.1 -
Malawi -16.9 -11.8 -12.4 -12.4 -
Malaysia 2.2 3.5 4.2 3.9 3.1
Maldives -28.8 -26.9 -35.9 -8.6 -
Mali -4.9 -7.5 -2.2 -7.7 -
Malta 6.4 9.0 2.2 1.2 -3.1
Marshall Islands -2.3 -31.5 14.9 22.5 8.4
Mauritania -13.0 -10.3 -6.9 -7.8 -
Mauritius -3.8 -5.0 -8.8 -13.0 -11.5
Mexico -2.1 -0.3 2.4 -0.3 -1.2
Micronesia, Federated States of 21.1 - - - -
Moldova -10.7 -9.2 -7.6 -12.4 -17.2
Mongolia -16.7 -15.2 -5.1 -13.8 -13.5
Montenegro -14.4 -12.8 -22.9 -7.8 -12.3
Morocco -5.3 -3.4 -1.2 -2.3 -3.5
Mozambique -30.2 -19.2 -27.3 -22.6 -37.3
Myanmar -3.7 0.5 -2.0 -0.9 -
Namibia -3.6 -1.8 2.6 -9.9 -12.7
Nauru 9.7 6.5 3.2 6.0 -1.0
Nepal -7.4 -6.9 -1.0 -7.9 -13.4
Netherlands 9.3 6.9 5.1 12.1 9.3
New Zealand -4.2 -2.8 -1.0 -5.8 -8.8
Nicaragua -1.8 5.9 3.6 -3.1 -1.6
Niger -12.7 -12.2 -13.1 -14.1 -
Nigeria 1.7 -2.9 -3.7 -0.7 0.2
North Macedonia 0.1 -3.0 -2.9 -2.7 -6.3
Norway 9.0 3.8 1.1 14.9 30.2
Oman -4.6 -4.6 -16.2 -5.5 5.1
Pakistan -5.4 -4.2 -1.5 -0.8 -4.7
Palau -19.1 -31.0 -47.3 -44.9 -
Panama -7.9 -5.7 -0.3 -3.0 -3.9
Papua New Guinea 12.9 14.8 14.1 12.7 27.8
Paraguay -0.2 -0.6 1.9 -0.9 -7.2
Peru -1.2 -0.6 1.1 -2.2 -4.0
Philippines -2.6 -0.8 3.2 -1.5 -4.5
Poland -1.9 -0.2 2.4 -1.3 -2.4
Portugal 0.6 0.4 -1.0 -0.8 -1.1
Puerto Rico -4.5 -4.6 13.9 18.1 6.7
Qatar 9.1 2.4 -2.5 14.6 26.7
Romania -4.6 -4.9 -4.9 -7.2 -9.1
Russia 7.0 3.9 2.4 6.7 10.9
Rwanda -10.1 -11.9 -12.1 -10.9 -9.8
Saint Kitts and Nevis -7.2 -5.8 -10.9 -5.8 -
Saint Lucia 1.4 5.5 -15.2 -7.0 -2.3
Saint Vincent and the Grenadines -10.3 -2.3 -15.6 -22.5 -19.9
Samoa 0.8 2.9 0.6 -14.4 -11.5
Sao Tome and Principe -21.2 -23.1 -12.1 - -
Saudi Arabia 8.6 4.6 -3.5 4.8 13.7
Senegal -9.6 -8.1 -10.9 -12.1 -15.3
Serbia -4.9 -6.9 -4.1 -4.2 -7.1
Seychelles -2.3 -2.8 -12.4 -10.0 -6.9
Sierra Leone -12.4 -14.3 -6.8 - -
Singapore 16.0 16.0 16.6 19.9 18.0
Slovakia -2.2 -3.3 0.6 -4.0 -7.3
Slovenia 5.9 5.9 7.2 3.3 -1.0
Solomon Islands -3.0 -9.5 -1.6 -4.9 -
Somalia -0.1 -5.2 -2.6 -4.0 -4.7
South Africa -2.9 -2.6 1.9 3.7 -0.5
South Sudan 11.0 2.1 -19.3 -9.7 -
Spain 1.9 2.1 0.6 0.8 0.6
Sri Lanka -3.0 -2.1 -1.4 -3.7 -2.0
Sudan -8.1 -11.2 -6.7 -9.4 -
Suriname -3.0 -10.5 6.2 5.3 -
Swaziland 1.5 3.8 6.3 2.9 -0.8
Sweden 2.5 5.3 5.9 7.1 5.8
Switzerland 5.6 4.1 0.5 6.9 9.4
Taiwan 11.6 10.7 14.4 15.2 13.3
Tajikistan -4.9 -2.2 4.1 8.2 15.6
Tanzania -4.2 -2.3 -2.3 -3.5 -7.4
Thailand 5.6 7.0 4.2 -2.0 -3.2
Timor-Leste -12.2 6.6 -14.2 1.3 -
Togo -2.6 -0.8 -0.3 -0.9 -
Tonga -6.6 -0.9 -5.4 -4.0 -
Trinidad and Tobago 6.6 4.3 -6.5 11.0 17.9
Tunisia -10.4 -8.1 -6.0 -6.0 -8.6
Turkey -2.6 1.4 -4.4 -0.9 -5.4
Turkmenistan 4.9 2.8 2.6 6.5 7.0
Tuvalu 60.7 -22.1 15.5 25.0 -
UAE 9.5 8.9 6.0 11.6 -
Uganda -6.1 -7.0 -9.5 -9.3 -8.8
Ukraine -4.9 -2.7 3.4 -1.9 5.0
United Kingdom -3.9 -2.7 -2.9 -0.5 -3.1
United States -2.1 -2.1 -2.8 -3.5 -3.8
Uruguay -0.5 1.2 -0.8 -2.5 -3.9
Uzbekistan -6.8 -5.6 -5.0 -7.0 -0.8
Vanuatu 8.7 27.6 8.8 0.8 -
Venezuela 4.2 - - - -
Vietnam 2.0 3.7 4.4 -2.2 -0.4
West Bank and Gaza -13.2 -10.4 -12.3 -9.8 -10.6
Yemen -5.4 -6.1 -17.0 -15.4 -17.8
Zambia -1.3 0.7 11.9 11.9 3.8
Zimbabwe -4.0 4.2 5.1 1.2 1.5

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