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? Met the why particular 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

20122013201420152016
Albania-11.2-11.6-12.9-11.8-9.6
Algeria5.90.5-4.3-16.5-  
Angola11.86.0-2.6-8.9-  
Argentina-0.4-2.1-1.6-2.6-2.8
Armenia-11.2-7.3-7.5-2.5-2.2
Australia-4.1-3.2-3.0-4.8-2.6
Austria1.52.02.41.91.7
Azerbaijan21.317.613.8-0.6-4.1
Bahrain8.47.44.6-2.4-4.7
Bangladesh0.31.60.81.51.7
Belarus-1.9-9.8-6.6-3.3-3.6
Belgium0.0-0.4-0.70.4-0.4
Belize-1.2-4.5-7.5-11.2-9.5
Bolivia7.32.40.2-5.8-  
Bosnia and Herzegovina-8.7-5.3-7.4-5.6-4.5
Botswana-1.19.415.68.311.7
Brazil-3.0-3.0-4.2-3.3-1.3
Brunei29.820.930.716.0-  
Bulgaria-0.81.30.1-0.14.2
Cambodia-7.4-11.4-9.9-9.3-8.3
Canada-3.6-3.2-2.4-  -  
Chile-4.0-4.1-1.7-1.9-1.4
China2.51.52.32.81.8
Colombia-3.0-3.3-5.1-6.4-4.3
Costa Rica-5.3-4.9-5.0-4.5-3.6
Croatia-0.31.01.94.62.7
Cyprus-5.6-4.5-4.5-3.6-5.0
Czech Republic-1.6-0.50.20.81.6
DR Congo-4.3-9.5-8.5-4.1-  
Denmark6.37.88.89.17.9
Dominican Republic-6.5-4.1-3.3-1.9-1.4
Ecuador-0.2-1.0-0.5-2.11.4
Egypt-3.7-2.2-0.9-3.7-5.9
El Salvador-5.4-6.5-4.8-3.6-2.0
Estonia-2.0-0.40.92.22.0
Ethiopia-5.8-6.1-11.0-11.1-  
Eurozone1.42.22.53.23.5
Finland-2.0-1.6-1.3-0.6-1.1
France-2.1-1.3-0.7-0.4-0.9
Georgia-12.0-6.3-11.2-12.6-13.9
Germany7.16.77.48.58.3
Ghana-12.1-12.6-9.9-7.8-6.7
Greece-3.8-2.0-1.60.1-0.6
Guatemala-2.6-2.6-2.1-0.21.3
Haiti-5.7-6.4-9.0-2.8-1.2
Honduras-8.5-9.5-7.5-5.5-3.8
Hong Kong1.61.51.43.34.6
Hungary1.73.82.13.45.5
Iceland-3.96.24.05.38.1
India-4.8-1.8-1.4-1.1-0.7
Indonesia-2.7-3.2-3.1-2.0-1.8
Iran4.05.83.72.3-  
Iraq13.59.611.42.5-  
Ireland-2.62.11.711.93.3
Israel0.63.43.74.93.9
Italy-0.41.01.91.42.5
Jamaica-9.7-9.5-8.0-3.0-0.7
Japan1.00.90.83.13.8
Jordan-15.3-11.4-7.3-9.1-9.3
Kazakhstan0.50.52.8-2.8-6.4
Kenya-8.4-8.1-9.8-6.8-5.2
Korea4.16.26.07.77.0
Kosovo-7.5-6.5-7.8-9.1-  
Kuwait45.539.933.45.2-  
Kyrgyzstan-15.6-14.1-18.6-18.7-11.1
Laos-29.9-29.6-20.7-16.8-  
Latvia-3.6-2.7-2.0-0.81.5
Lebanon-21.6-23.8-23.1-16.9-  
Lithuania-1.21.53.7-2.4-1.2
Luxembourg5.95.55.05.14.7
Macedonia-3.3-1.7-0.6-2.0-3.1
Malaysia5.23.54.43.12.3
Malta1.52.13.13.86.7
Mexico-1.4-2.5-2.0-2.5-2.1
Moldova-7.6-5.2-5.3-5.0-3.8
Mongolia-43.3-24.1-15.9-8.0-5.7
Montenegro-  -  -  -  -  
Morocco-9.8-7.6-5.7-1.9-  
Mozambique-  -  -  -  -  
Myanmar-4.0-4.9-3.3-5.2-6.5
Netherlands11.49.98.98.68.5
New Zealand-3.9-3.2-3.2-3.4-2.8
Nicaragua-11.6-11.0-7.6-9.0-8.6
Nigeria4.24.00.2-3.20.8
Norway12.511.211.08.74.9
Oman11.26.65.2-15.5-  
Pakistan-2.1-1.1-1.3-1.0-1.1
Panama-11.5-9.8-9.8-7.3-5.8
Paraguay-1.22.10.0-1.11.8
Peru-2.9-4.7-4.4-4.8-2.7
Philippines2.84.23.82.50.2
Poland-3.7-1.3-2.1-0.6-0.5
Portugal-1.81.60.10.10.8
Puerto Rico3.54.74.27.38.2
Qatar33.230.424.08.4-5.5
Romania-5.0-1.1-0.6-1.2-2.2
Russia3.31.52.85.02.0
Saudi Arabia22.418.19.8-8.7-3.9
Serbia-12.0-6.3-5.7-4.7-4.0
Singapore17.416.919.718.119.1
Slovakia1.01.91.00.2-0.7
Slovenia2.64.86.24.45.3
South Africa-5.1-5.9-5.3-4.4-3.3
Spain-0.21.51.11.41.9
Sri Lanka-5.7-3.4-2.5-2.3-2.4
Sweden5.65.34.64.74.5
Switzerland11.511.58.711.311.6
Taiwan8.911.011.614.213.6
Tajikistan-3.1-0.7-3.0-8.7-  
Tanzania-9.7-11.3-11.2-9.1-4.5
Thailand-0.4-1.23.78.111.7
Trinidad and Tobago-11.612.91.4-0.4-  
Tunisia-8.3-8.4-9.0-9.0-  
Turkey-5.5-6.7-4.7-3.7-3.8
Turkmenistan-0.9-7.4-6.4-14.0-20.1
USA-2.8-2.2-2.3-2.4-2.4
Uganda-6.9-7.2-8.8-7.1-4.7
Ukraine-8.2-9.2-3.4-0.2-4.1
United Arab Emirates21.819.514.94.72.4
United Kingdom-3.7-4.4-4.7-  -  
Uruguay-5.0-4.9-4.5-2.1-0.1
Uzbekistan1.82.90.70.1-  
Venezuela0.71.20.7-  -  
Vietnam6.04.65.10.34.6
Yemen-1.0-4.3-  -  -  
Zambia2.3-0.82.1-4.5-  

Download Sample Report

Download

Current Account Economic News

  • Spain: Current account surplus shrinks mildly from the previous year in November

    January 31, 2018

    The current account surplus widened to a one year high of EUR 3.0 billion in November, up from the EUR 1.7 billion surplus recorded in October.

    Read more

  • Brazil: Current account deficit narrows notably in 2017

    January 26, 2018

    Brazil’s current account balance came in at a deficit of USD 4.3 billion in December, which was a lesser gap than the USD 5.9 billion deficit recorded in December 2016.

    Read more

  • Finland: Current account surplus shrinks in November

    January 15, 2018

    According to Statistics Finland, which heavily revised its historical data this month, the current account showed a EUR 0.09 billion surplus in November last year, less than the revised EUR 0.18 billion surplus recorded in October (previously reported: EUR 0.54 billion). In the 12 months leading up to November, the current account surplus widened to EUR 1.4 billion, compared to October’s revised cumulative 12-month surplus of EUR 1.2 billion (previously reported: EUR 0.18 billion). The trade surplus narrowed in November against the previous month, recording net inflows worth EUR 181 million compared to October’s revised EUR 284 million surplus (previously reported: EUR 279 million surplus).

    Read more

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Search form