* indicates monthly or quarterly data series

Current account balance as percent of GDP, 2022:

The average for 2022 based on 168 countries was -2.57 percent. The highest value was in Kiribati: 35.68 percent and the lowest value was in Palau: -60.03 percent. The indicator is available from 1960 to 2023. 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, 2022 Global rank Available data
Kiribati 35.68 1 2016 - 2022
Kuwait 34.53 2 1981 - 2022
Papua N.G. 26.73 3 1980 - 2022
Qatar 26.62 4 1980 - 2022
Guyana 23.73 5 1980 - 2022
Azerbaijan 22.5 6 1992 - 2022
Libya 20.6 7 1980 - 2023
Singapore 18 8 1980 - 2023
Djibouti 17.9 9 1991 - 2023
Tr.&Tobago 17.9 10 1980 - 2023
Iraq 16.8 11 2001 - 2022
Brunei 16 12 1985 - 2022
Tajikistan 15.58 13 1992 - 2023
Bahrain 15.41 14 1980 - 2022
Taiwan 15.1 15 2015 - 2022
R. of Congo 15 16 1980 - 2023
Saudi Arabia 13.67 17 1980 - 2022
Denmark 13.4 18 1980 - 2023
Eritrea 12.9 19 1993 - 2023
Ireland 10.8 20 1980 - 2023
Russia 10.48 21 1992 - 2022
Hong Kong 10.2 22 1980 - 2023
Angola 9.6 23 1980 - 2023
Netherlands 9.3 24 1980 - 2023
Algeria 8.6 25 1980 - 2023
Luxembourg 7.7 26 1995 - 2023
Aruba 6.6 27 1989 - 2022
Chad 5.9 28 1980 - 2023
Sweden 5.4 29 1980 - 2023
Faroe Isl. 5.07 30 1998 - 2022
Oman 5.02 31 1980 - 2022
Zambia 5 32 1980 - 2022
Ukraine 4.97 33 1992 - 2022
Germany 4.2 34 1980 - 2023
Turkmenistan 4.2 35 1996 - 2022
Iran 4.09 36 1980 - 2023
Israel 3.93 37 1980 - 2023
Malaysia 3.5 38 1980 - 2022
South Korea 3.5 39 1980 - 2022
Bolivia 2.1 40 1980 - 2023
Eq. Guinea 2.1 41 1987 - 2023
Japan 1.99 42 1980 - 2023
China 1.72 43 1997 - 2022
Guatemala 1.25 44 1960 - 2023
Australia 1.06 45 1980 - 2023
Zimbabwe 1 46 1990 - 2023
Gabon 0.9 47 1980 - 2023
Kazakhstan 0.9 48 1992 - 2022
Spain 0.6 49 1980 - 2023
Indonesia 0.5 50 1980 - 2022
Nigeria 0.2 51 1990 - 2023
Botswana 0 52 1980 - 2023
Canada -0.37 53 1980 - 2023
South Africa -0.5 54 1960 - 2023
Comoros -0.6 55 1980 - 2023
Argentina -0.68 56 1980 - 2022
Jamaica -0.76 57 1980 - 2022
Belgium -1 58 1980 - 2023
Slovenia -1 59 1992 - 2023
Portugal -1.1 60 1980 - 2023
Mexico -1.21 61 1980 - 2023
Togo -1.3 62 1980 - 2022
Nicaragua -1.38 63 1960 - 2022
Bulgaria -1.4 64 1980 - 2023
Vietnam -1.5 65 1980 - 2022
Italy -1.6 66 1980 - 2023
Iceland -1.7 67 1980 - 2023
Burma -1.8 68 1998 - 2022
Laos -1.8 69 1980 - 2023
Sri Lanka -1.9 70 1980 - 2022
France -2 71 1980 - 2023
India -2 72 1980 - 2023
Ghana -2.1 73 1980 - 2023
Saint Lucia -2.28 74 2014 - 2022
Finland -2.4 75 1980 - 2023
Poland -2.4 76 1980 - 2023
Brazil -2.47 77 1980 - 2023
Swaziland -2.6 78 1980 - 2023
Croatia -2.8 79 1992 - 2023
UK -3.1 80 1960 - 2023
Estonia -3.2 81 1995 - 2023
Thailand -3.2 82 1979 - 2023
Costa Rica -3.23 83 1960 - 2023
Cameroon -3.4 84 1980 - 2023
Egypt -3.5 85 1980 - 2023
Morocco -3.5 86 1980 - 2022
USA -3.8 87 1980 - 2023
Malta -3.9 88 1995 - 2023
Panama -3.92 89 1980 - 2022
Uruguay -3.92 90 2012 - 2023
Ethiopia -4 91 1980 - 2022
Uzbekistan -4 92 1992 - 2022
Peru -4.05 93 1980 - 2022
Bangladesh -4.1 94 1981 - 2023
Honduras -4.4 95 1960 - 2023
Philippines -4.5 96 1980 - 2023
Burkina Faso -4.7 97 1980 - 2022
Pakistan -4.7 98 1980 - 2023
Latvia -4.8 99 1992 - 2023
Czechia -4.9 100 1995 - 2023
Armenia -4.97 101 1992 - 2022
Vanuatu -5 102 1980 - 2022
Tonga -5.16 103 1980 - 2022
Kenya -5.2 104 1980 - 2023
Madagascar -5.3 105 1980 - 2023
Mali -5.3 106 2005 - 2023
Turkey -5.42 107 1980 - 2023
Lithuania -5.5 108 1995 - 2023
Domin. Rep. -5.77 109 1970 - 2023
Cape Verde -5.8 110 1980 - 2023
Albania -5.9 111 1980 - 2023
Gambia -6.1 112 1980 - 2023
Colombia -6.17 113 1980 - 2023
Ivory Coast -6.3 114 2005 - 2022
DR Congo -6.4 115 1980 - 2022
Sudan -6.6 116 1980 - 2023
North Macedonia -6.74 117 1992 - 2022
Lesotho -6.8 118 1980 - 2022
El Salvador -6.82 119 1976 - 2023
Serbia -6.89 120 2000 - 2023
Paraguay -7.13 121 1980 - 2022
Slovakia -7.3 122 1993 - 2023
Tanzania -7.3 123 1980 - 2022
Jordan -7.8 124 1980 - 2023
Cyprus -7.9 125 1980 - 2023
Seychelles -8 126 1980 - 2022
Tuvalu -8.04 127 2015 - 2022
Bahamas -8.19 128 1980 - 2022
G.-Bissau -8.2 129 1980 - 2023
Sierra Leone -8.3 130 1980 - 2023
Hungary -8.4 131 1980 - 2023
Namibia -8.4 132 1990 - 2022
Guinea -8.6 133 1980 - 2023
Tunisia -8.6 134 1980 - 2023
Uganda -8.6 135 2006 - 2022
Chile -8.7 136 1980 - 2023
Belize -8.8 137 1996 - 2022
New Zealand -8.8 138 1998 - 2023
Romania -9.2 139 1980 - 2023
Greece -10.3 140 1980 - 2023
Rwanda -10.3 141 1980 - 2023
Barbados -10.7 142 1980 - 2023
Samoa -10.83 143 1980 - 2022
Somalia -11.6 144 2013 - 2023
Mauritius -11.7 145 1980 - 2023
C.A. Republic -12.4 146 1980 - 2023
Nepal -12.89 147 1980 - 2022
Solomon Isl. -13.02 148 1980 - 2022
Burundi -13.7 149 1980 - 2023
S.T.&Principe -14.5 150 1980 - 2023
Mauritania -14.7 151 1990 - 2023
Palestine -15 152 1994 - 2022
Moldova -15.8 153 1992 - 2022
Niger -15.8 154 2005 - 2023
Maldives -16 155 1980 - 2023
Ant.& Barb. -16.21 156 2014 - 2022
Malawi -16.8 157 2013 - 2023
Fiji -17.1 158 1980 - 2023
Yemen -17.79 159 1990 - 2022
Senegal -17.8 160 1980 - 2023
Mongolia -19.5 161 1991 - 2022
Micronesia -23.38 162 1995 - 2022
Liberia -23.9 163 2000 - 2023
Cambodia -25.62 164 1992 - 2023
Bhutan -28.09 165 1981 - 2023
Mozambique -34.2 166 1980 - 2023
Kyrgyzstan -42.07 167 1992 - 2023
Palau -60.03 168 2000 - 2022



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.


Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

Are trade deficits bad for the economy?

The unholy trinity of international finance

Most commonly used measures of corruption

All articles

35.68
34.53
26.73
26.62
23.73
22.50
20.60
18.00
17.90
17.90
16.80
16.00
15.58
15.41
15.10
15.00
13.67
13.40
12.90
10.80
10.48
10.20
9.60
9.30
8.60
7.70
6.60
5.90
5.40
5.07
5.02
5.00
4.97
4.20
4.20
4.09
3.93
3.50
3.50
2.10
2.10
1.99
1.72
1.25
1.06
1.00
0.90
0.90
0.60
0.50
0.20
0.00
-0.37
-0.50
-0.60
-0.68
-0.76
-1.00
-1.00
-1.10
-1.21
-1.30
-1.38
-1.40
-1.50
-1.60
-1.70
-1.80
-1.80
-1.90
-2.00
-2.00
-2.10
-2.28
-2.40
-2.40
-2.47
-2.60
-2.80
-3.10
-3.20
-3.20
-3.23
-3.40
-3.50
-3.50
-3.80
-3.90
-3.92
-3.92
-4.00
-4.00
-4.05
-4.10
-4.40
-4.50
-4.70
-4.70
-4.80
-4.90
-4.97
-5.00
-5.16
-5.20
-5.30
-5.30
-5.42
-5.50
-5.77
-5.80
-5.90
-6.10
-6.17
-6.30
-6.40
-6.60
-6.74
-6.80
-6.82
-6.89
-7.13
-7.30
-7.30
-7.80
-7.90
-8.00
-8.04
-8.19
-8.20
-8.30
-8.40
-8.40
-8.60
-8.60
-8.60
-8.70
-8.80
-8.80
-9.20
-10.30
-10.30
-10.70
-10.83
-11.60
-11.70
-12.40
-12.89
-13.02
-13.70
-14.50
-14.70
-15.00
-15.80
-15.80
-16.00
-16.21
-16.80
-17.10
-17.79
-17.80
-19.50
-23.38
-23.90
-25.62
-28.09
-34.20
-42.07
-60.03
-60.03
-36.1
-12.2
11.8
35.68


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