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Current Account (% of GDP)

Current Account (% of GDP)

bet360备用网址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.

bet360备用网址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. .

Current Account Data

2014 2015 2016 2017 2018
Albania-10.8-8.6-7.6-7.4-6.7
Algeria-4.3-16.4-16.4-13.2-9.6
Angola-2.6-8.8-3.1-0.56.9
Argentina-1.6-2.7-2.7-4.9-5.0
Armenia-7.6-2.7-2.0-3.0-9.4
Australia-3.2-4.7-3.3-2.6-2.0
Austria2.51.72.71.62.3
Azerbaijan13.9-0.4-3.64.112.9
Bahrain4.6-2.4-4.6-4.1-6.5
Bangladesh0.81.81.9-0.5-3.5
Belarus-6.6-3.1-3.4-1.7-0.1
Belgium-0.91.30.61.2-0.9
Belize-7.5-10.0-8.5-7.8-8.1
Bolivia1.7-5.8-5.6-4.8-4.7
Bosnia and Herzegovina-7.3-4.9-4.5-4.2-3.6
Botswana15.12.27.76.12.1
Brazil-4.1-3.0-1.3-0.7-2.2
Brunei30.716.712.916.47.9
Bulgaria1.30.13.23.55.4
Cambodia-8.5-8.9-8.6-8.2-12.3
Canada-2.4-3.5-3.1-2.8-2.5
Chile-1.6-2.3-1.6-2.1-3.1
China2.32.81.81.60.4
Colombia-5.2-6.3-4.3-3.3-3.9
Costa Rica-4.8-3.5-2.2-3.4-3.3
Croatia1.83.22.24.11.6
Cyprus-4.3-0.5-4.2-5.1-4.4
Czech Republic0.20.21.61.40.4
DR Congo-  -  -  -  -  
Denmark8.68.37.77.77.0
Dominican Republic-3.2-1.8-1.1-0.2-1.4
Ecuador-0.7-2.21.3-0.5-1.4
Egypt-0.9-3.6-6.0-6.1-2.4
El Salvador-5.4-3.2-2.3-1.9-4.8
Estonia0.81.81.72.72.0
Ethiopia-11.0-10.8-8.2-7.0-5.3
Eurozone2.52.63.33.13.1
Finland-1.5-0.9-2.0-0.8-1.4
France-1.0-0.4-0.5-0.6-0.7
Georgia-10.8-11.8-12.5-8.1-6.8
Germany6.98.58.48.07.4
Ghana-7.2-5.9-5.2-3.4-3.2
Greece-1.6-0.8-1.7-1.9-2.8
Guatemala-2.1-1.30.91.10.7
Haiti-15.2-8.6-5.5-7.6-7.4
Honduras-7.0-4.6-2.6-0.8-5.3
Hong Kong1.43.34.04.64.3
Hungary1.52.34.52.3-0.5
Iceland3.85.27.73.62.8
India-1.4-1.1-0.7-1.8-2.1
Indonesia-3.1-2.0-1.8-1.6-2.9
Iran3.10.33.93.4-  
Iraq2.6-1.71.37.816.2
Ireland1.14.4-4.20.510.7
Israel4.25.23.62.42.6
Italy1.81.42.62.72.6
Jamaica-8.0-3.0-0.3-2.6-1.8
Japan0.83.14.04.23.5
Jordan-7.3-9.2-10.0-10.8-7.0
Kazakhstan2.8-5.0-5.8-3.2-0.2
Kenya-10.3-6.8-4.9-6.2-4.9
Korea5.67.26.54.64.5
Kosovo-6.6-8.5-7.9-5.2-7.6
Kuwait33.43.5-4.68.014.5
Kyrgyzstan-18.6-19.0-11.6-6.3-12.2
Laos-14.5-15.8-8.8-7.5-8.0
Latvia-1.7-0.91.41.0-0.7
Lebanon-24.0-17.1-20.4-22.7-23.6
Lithuania3.6-2.4-1.20.40.4
Luxembourg5.25.14.94.94.8
Malaysia4.43.02.42.82.1
Malta3.13.66.312.310.6
Mexico-1.9-2.6-2.2-1.7-1.8
Moldova-7.1-6.0-3.5-5.6-10.6
Mongolia-15.8-8.1-6.3-10.1-16.8
Montenegro-15.2-13.2-18.1-18.6-17.0
Morocco-5.8-2.1-4.0-3.4-5.5
Mozambique-32.7-36.9-32.1-19.5-30.6
Myanmar-4.2-3.1-4.0-6.5-4.2
Netherlands8.46.28.010.810.8
New Zealand-3.1-2.8-2.0-2.7-3.8
Nicaragua-7.1-8.8-6.5-4.90.6
Nigeria0.2-3.20.72.81.3
North Macedonia-0.6-1.9-2.9-0.8-0.4
Norway10.37.94.05.77.1
Oman5.2-16.0-19.1-15.6-5.5
Pakistan-1.3-1.0-1.7-4.1-6.3
Panama-13.4-7.9-8.0-5.9-8.2
Paraguay-0.1-0.43.63.1-0.2
Peru-4.7-5.0-2.6-1.3-1.7
Philippines3.82.5-0.4-0.7-2.6
Poland-2.1-0.6-0.50.0-1.0
Portugal0.10.21.21.4-0.6
Puerto Rico4.37.29.18.48.1
Qatar24.08.5-5.53.88.7
Romania-0.6-1.2-2.0-3.4-4.4
Russia2.85.01.92.16.8
Saudi Arabia9.8-8.7-3.71.59.0
Serbia-5.6-3.5-2.9-5.2-5.2
Singapore17.918.717.716.317.2
Slovakia1.0-1.7-2.1-2.1-2.4
Slovenia5.13.84.86.15.7
South Africa-5.1-4.6-2.9-2.5-3.5
Spain1.12.03.22.71.9
Sri Lanka-2.5-2.3-2.1-2.6-3.2
Sweden4.54.13.53.11.9
Switzerland8.411.39.96.48.2
Taiwan11.413.513.114.011.7
Tajikistan-3.7-6.9-4.22.2-5.0
Tanzania-10.1-8.6-5.4-3.4-3.9
Thailand2.96.910.59.65.6
Trinidad and Tobago14.56.9-4.45.35.6
Tunisia-9.1-9.0-8.6-10.3-11.3
Turkey-4.7-3.8-3.7-5.5-3.7
Turkmenistan-6.1-15.6-19.9-11.5-8.6
USA-2.1-2.2-2.3-2.3-2.4
Uganda-7.7-6.7-2.7-4.7-7.6
Ukraine-3.51.8-1.5-2.2-3.3
United Arab Emirates13.34.93.77.39.1
United Kingdom0.00.0-0.10.00.0
Uruguay-3.1-0.9-0.10.70.1
Uzbekistan1.70.60.52.5-7.1
Venezuela1.7-5.6-0.46.18.7
Vietnam5.1-1.10.3-0.72.5
Yemen-4.5-9.7-3.5-0.10.0
Zambia2.3-2.3-3.2-1.6-1.2

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Current Account Economic News

  • Turkey: Current account deficit widens in January, Central Bank updates its methodology

    March 11, 2020

    bet360备用网址Turkey’s current account deficit widened notably from USD 0.3 billion in January 2019 to USD 1.8 billion in January of this year (December 2019: USD -2.2 billion; previously reported USD -2.8 billion), marking the second consecutive monthly shortfall.

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  • Spain: Current account surplus grows in December 2019

    February 28, 2020

    Spain’s current account balance recorded a surplus of EUR 2.2 billion in the final month of 2019, above the EUR 1.8 billion surplus recorded in December 2018 but below the EUR 3.4 billion surplus logged in November.

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  • Brazil: Current account deficit deteriorates to five-year low in January

    February 21, 2020

    bet360备用网址Brazil’s current account deficit widened significantly to USD 11.9 billion in January from January 2019’s USD 9.0 billion shortfall and December’s revised USD 5.3 billion deficit (previously reported: USD 5.7 billion deficit), which marked the worst result in five years. January’s deterioration came as the merchandise trade balance swung from surplus to deficit (January 2020: USD 1.7 bn deficit; January 2019: USD 1.6 bn surplus), due to plunging merchandise exports and representing the worst performance since February 2015.

    Read more

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