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.

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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-  

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