* indicates monthly or quarterly data series

Current account balance as percent of GDP, 2021 - Country rankings:

The average for 2021 based on 155 countries was -2.19 percent.The highest value was in Kiribati: 32.27 percent and the lowest value was in Palau: -55.92 percent. The indicator is available from 1960 to 2022. Below is a chart for all countries where data are available.

Measure: percent; Source: National central bank
Select indicator
* indicates monthly or quarterly data series


Countries Current account, percent of GDP, 2021 Global rank Available data
Kiribati 32.27 1 2016 - 2021
Papua N.G. 22.03 2 1980 - 2021
Libya 21.6 3 1980 - 2021
Singapore 18.12 4 1980 - 2021
R. of Congo 15.5 5 1980 - 2021
Taiwan 14.99 6 2015 - 2021
Qatar 14.64 7 1980 - 2021
Ireland 13.9 8 1980 - 2021
Eritrea 13.5 9 1993 - 2021
Cape Verde 13.1 10 1980 - 2021
Azerbaijan 12.93 11 1992 - 2021
Malawi 12.9 12 2013 - 2021
Zambia 12.6 13 1980 - 2021
Brunei 12.5 14 1985 - 2021
Angola 11.4 15 1980 - 2021
Hong Kong 11.2 16 1980 - 2021
Djibouti 9.5 17 1991 - 2021
Netherlands 9.5 18 1980 - 2021
Denmark 8.3 19 1980 - 2021
Tr.&Tobago 8 20 1980 - 2021
Germany 7.4 21 1980 - 2021
Russia 6.88 22 1992 - 2021
Sweden 5.5 23 1980 - 2021
South Korea 4.91 24 1980 - 2021
Luxembourg 4.8 25 1995 - 2021
Israel 4.68 26 1980 - 2021
South Africa 3.7 27 1960 - 2022
Malaysia 3.46 28 1980 - 2021
Slovenia 3.3 29 1992 - 2021
Australia 3.15 30 1980 - 2021
Burkina Faso 3.1 31 1980 - 2021
Croatia 3.1 32 1992 - 2021
Japan 2.88 33 1980 - 2021
Guatemala 2.53 34 1960 - 2021
Italy 2.5 35 1980 - 2021
Laos 2.35 36 1980 - 2021
Bolivia 2 37 1980 - 2021
Zimbabwe 1.8 38 1990 - 2021
China 1.77 39 1997 - 2021
Aruba 1.4 40 1989 - 2021
Lithuania 1.4 41 1995 - 2021
Spain 0.9 42 1980 - 2021
Swaziland 0.8 43 1980 - 2021
Finland 0.7 44 1980 - 2021
Iran 0.7 45 1980 - 2021
Turkmenistan 0.6 46 1996 - 2021
Micronesia 0.48 47 1995 - 2021
Haiti 0.47 48 1980 - 2021
Indonesia 0.28 49 1980 - 2021
Tajikistan 0.08 50 1992 - 2021
Tonga 0.07 51 1980 - 2021
Canada 0.04 52 1980 - 2021
Mexico -0.37 53 1980 - 2021
Belgium -0.4 54 1980 - 2021
Bulgaria -0.4 55 1980 - 2021
DR Congo -0.5 56 1980 - 2021
France -0.6 57 1980 - 2021
Poland -0.6 58 1980 - 2021
Czechia -0.8 59 1995 - 2021
Pakistan -0.8 60 1980 - 2022
Vietnam -1.05 61 1980 - 2021
Bangladesh -1.1 62 1981 - 2021
Estonia -1.1 63 1995 - 2021
Portugal -1.1 64 1980 - 2021
Burma -1.12 65 1998 - 2021
India -1.2 66 1980 - 2021
Togo -1.3 67 1980 - 2021
Namibia -1.5 68 1990 - 2021
Brazil -1.74 69 1980 - 2021
Turkey -1.74 70 1980 - 2021
Philippines -1.8 71 1980 - 2021
Tuvalu -1.8 72 2015 - 2021
Uruguay -1.84 73 2012 - 2021
Botswana -1.9 74 1980 - 2021
Slovakia -2 75 1993 - 2021
Ghana -2.1 76 1980 - 2021
Thailand -2.12 77 1979 - 2021
Panama -2.22 78 1980 - 2021
Morocco -2.3 79 1980 - 2021
UK -2.6 80 1960 - 2021
Armenia -2.66 81 1992 - 2021
Peru -2.76 82 1980 - 2021
Ethiopia -2.8 83 1980 - 2021
Iceland -2.8 84 1980 - 2021
Lesotho -2.8 85 1980 - 2021
Domin. Rep. -2.86 86 1970 - 2021
Nicaragua -2.86 87 1960 - 2021
Latvia -2.9 88 1992 - 2021
Nigeria -2.9 89 1990 - 2021
Kazakhstan -2.97 90 1992 - 2021
Hungary -3 91 1980 - 2021
Honduras -3.13 92 1960 - 2021
Costa Rica -3.28 93 1960 - 2021
G.-Bissau -3.3 94 1980 - 2021
Gabon -3.5 95 1980 - 2021
North Macedonia -3.56 96 1992 - 2022
Comoros -3.6 97 1980 - 2021
Eq. Guinea -3.6 98 1987 - 2021
Tanzania -3.6 99 1980 - 2021
USA -3.6 100 1980 - 2021
Chad -3.9 101 1980 - 2021
Ivory Coast -3.9 102 2005 - 2021
Guinea -4 103 1980 - 2021
Sri Lanka -4 104 1980 - 2021
Cameroon -4.1 105 1980 - 2021
Serbia -4.4 106 2000 - 2021
Egypt -4.5 107 1980 - 2021
Oman -4.86 108 1980 - 2021
El Salvador -5.07 109 1976 - 2021
Kenya -5.2 110 1980 - 2021
Madagascar -5.5 111 1980 - 2021
Colombia -5.66 112 1980 - 2022
New Zealand -5.8 113 1998 - 2021
Greece -5.9 114 1980 - 2021
Solomon Isl. -5.98 115 1980 - 2021
Malta -6.1 116 1995 - 2021
Tunisia -6.1 117 1980 - 2021
Chile -6.6 118 1980 - 2021
Uzbekistan -6.6 119 1992 - 2021
Romania -7 120 1980 - 2021
Vanuatu -7 121 1980 - 2021
Cyprus -7.3 122 1980 - 2021
Mauritania -7.6 123 1990 - 2021
Albania -7.7 124 1980 - 2021
Algeria -7.8 125 1980 - 2021
Mali -7.8 126 2005 - 2021
Nepal -8.03 127 1980 - 2021
Palestine -8.2 128 1994 - 2021
Kyrgyzstan -8.5 129 1992 - 2021
Maldives -9 130 1980 - 2021
Belize -9.2 131 1996 - 2021
Gambia -9.3 132 1980 - 2021
Sudan -10 133 1980 - 2021
S.T.&Principe -10.1 134 1980 - 2021
Uganda -10.2 135 2006 - 2021
C.A. Republic -10.5 136 1980 - 2021
Samoa -10.56 137 1980 - 2021
Somalia -10.8 138 2013 - 2021
Moldova -11.6 139 1992 - 2021
Bhutan -12.7 140 1981 - 2021
Senegal -12.9 141 1980 - 2021
Mongolia -13 142 1991 - 2021
Barbados -13.3 143 1980 - 2021
Rwanda -13.5 144 1980 - 2021
Mauritius -13.6 145 1980 - 2021
Sierra Leone -13.9 146 1980 - 2021
Niger -14.2 147 2005 - 2021
Burundi -15.4 148 1980 - 2021
Liberia -17.4 149 2000 - 2021
Seychelles -20.5 150 1980 - 2021
Mozambique -20.8 151 1980 - 2021
Bahamas -23.1 152 1980 - 2021
Guyana -25.55 153 1980 - 2021
Cambodia -42.53 154 1992 - 2021
Palau -55.92 155 2000 - 2021

Economic outlook around the world

Definition: Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income.
The Balance of Payments

The Balance of Payments summarizes the international transactions of a country. These transactions can be broadly categorized into two types – international trade and international investment. They are presented in the two components of the Balance of Payments: the Current Account and the Financial Account.

The Current Account includes data on:

1. Imports and exports of goods.
2. Imports and exports of services – financial, legal, medical, travel, etc.
3. Income on financial assets. For example, if a U.S. mutual fund invests in a Mexican company, the dividends from that investment will be recorded in the current account. Also, if the Chinese government buys U.S. government bonds, then the interest on these bonds will be recorded in the current account.
4. Transfers between countries. This includes, for example, foreign aid, remittances, and international gifts.

The current account could be in surplus if, for example, exports are greater than imports. It could also be in deficit if imports are greater than exports or if, say, the domestic country makes large transfer payments to foreign countries.

The Financial Account includes data on:

1. Foreign direct investment, i.e the purchase or creation of production facilities for the manufacturing of goods or services (e.g. a Toyota plant in the U.S.).
2. Portfolio investment, i.e. the purchases of equity (less than 10% of the value of a firm) and bonds.
3. Other financial transactions such as cross-border bank deposits.

The financial account is in surplus if the foreign investment into the country is greater than the country's investment in other countries. In contrast, the financial account is in deficit if domestic citizens invest more internationally than the amount foreigners invest in the local economy.

32.27
22.03
21.60
18.12
15.50
14.99
14.64
13.90
13.50
13.10
12.93
12.90
12.60
12.50
11.40
11.20
9.50
9.50
8.30
8.00
7.40
6.88
5.50
4.91
4.80
4.68
3.70
3.46
3.30
3.15
3.10
3.10
2.88
2.53
2.50
2.35
2.00
1.80
1.77
1.40
1.40
0.90
0.80
0.70
0.70
0.60
0.48
0.47
0.28
0.08
0.07
0.04
-0.37
-0.40
-0.40
-0.50
-0.60
-0.60
-0.80
-0.80
-1.05
-1.10
-1.10
-1.10
-1.12
-1.20
-1.30
-1.50
-1.74
-1.74
-1.80
-1.80
-1.84
-1.90
-2.00
-2.10
-2.12
-2.22
-2.30
-2.60
-2.66
-2.76
-2.80
-2.80
-2.80
-2.86
-2.86
-2.90
-2.90
-2.97
-3.00
-3.13
-3.28
-3.30
-3.50
-3.56
-3.60
-3.60
-3.60
-3.60
-3.90
-3.90
-4.00
-4.00
-4.10
-4.40
-4.50
-4.86
-5.07
-5.20
-5.50
-5.66
-5.80
-5.90
-5.98
-6.10
-6.10
-6.60
-6.60
-7.00
-7.00
-7.30
-7.60
-7.70
-7.80
-7.80
-8.03
-8.20
-8.50
-9.00
-9.20
-9.30
-10.00
-10.10
-10.20
-10.50
-10.56
-10.80
-11.60
-12.70
-12.90
-13.00
-13.30
-13.50
-13.60
-13.90
-14.20
-15.40
-17.40
-20.50
-20.80
-23.10
-25.55
-42.53
-55.92
-55.92
-33.9
-11.8
10.2
32.27
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