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List of countries by current account balance

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World map by current account balance (% of GDP), 2023, according to World Bank[1]

This is the list of countries by current account balance, expressed in current U.S. dollars and as percentage of GDP, based on the data published by World Bank, United Nations Conference on Trade and Development and Organisation for Economic Co-operation and Development. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.

According to World Bank, ″the current account balance is the sum of net exports of goods and services, net primary income, and net secondary income.″ Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.[2]

According to United Nations Conference on Trade and Development, ″the current account forms part of the balance of payments and displays the flows of goods, services, primary income, and secondary income between residents and nonresidents of an economy. The current account balance measures, in general, the difference between current receipts and expenditures for internationally traded goods, services and income payments. At the same time, from a national perspective, the current account balance represents the gap between domestic saving and investment.″[3]

According to Organisation for Economic Co-operation and Development, ″the current account balance of payments is a record of a country's international transactions with the rest of the world. The current account includes all the transactions (other than those in financial items) that involve economic values and occur between resident and non-resident entities. Also covered are offsets to current economic values provided or acquired without a quid pro quo. This indicator is measured in million USD and percentage of GDP.″[4]

List of countries by current account balance

[edit]

The following table provides information on current account balance (CAB) based on data published by World Bank,[5][6] United Nations Conference on Trade and Development[7] and Organisation for Economic Co-operation and Development.[4] Sorting is alphabetical by country code, according to ISO 3166-1 alpha-3.

 Country/Territory/Region/Group WB[5][6] UNCTAD (2022)[7] OECD (2023)[4]
(mil. USD) (% of GDP) Year (mil. USD) (% of GDP) (mil. USD) (% of GDP)
United Nations WORLD 338657.35 0.34
 Aruba 230.56 6.50 2022 389.05 11.14
 Afghanistan −3136.73 −15.72 2020 −3136.73 −15.57
 Angola 4210.06 4.97 2023 11762.88 16.68
 Anguilla −126.48 −37.95
 Albania −202.32 −0.88 2023 −1134.67 −6.20
 Andorra 583.20 17.25 2022
 United Arab Emirates 59616.82 12.09
 Argentina −21493.97 −3.36 2023 −3787.74 −0.60 −20371.92 −3.15
 Armenia −510.10 −2.11 2023 −167.04 −0.86
 Antigua and Barbuda −262.10 −12.89 2023 −284.52 −17.20
 Australia 21383.79 1.24 2023 19548.33 1.09 4797.08 0.28
 Austria 13686.37 2.65 2023 3234.00 0.69 15087.97 2.92
 Azerbaijan 8329.37 11.51 2023 23478.08 33.60
 Burundi −362.64 −13.60 2018 −612.90 −13.32
 Belgium −6205.46 −0.98 2023 −20251.54 −3.50 −6195.25 −0.99
 Benin −734.66 −4.15 2021 −912.80 −5.28
 Burkina Faso −1403.97 −7.46 2022 −1099.60 −5.58
 Bangladesh 4387.57 1.00 2023 −14369.59 −3.32
 Bulgaria −248.13 −0.24 2023 −591.65 −0.66
 Bahrain 2699.47 6.25 2023 6838.56 15.45
 Bahamas −1763.09 −13.42 2022 −1519.20 −11.99
 Bosnia and Herzegovina −760.47 −2.81 2023 −1101.19 −4.39
 Belarus −1020.27 −1.42 2023 2677.45 3.63
 Belize −90.63 −2.76 2023 −258.49 −8.93
 Bermuda 962.26 13.21 2021 444.20 5.81
 Bolivia −1246.88 −2.72 2023 −151.55 −0.35
 Brazil −30828.24 −1.42 2023 −56997.41 −3.04 −24317.66 −1.11
 Barbados −296.40 −5.93 2017 −611.55 −10.87
 Brunei 3264.03 19.57 2022 3264.03 19.68
 Bhutan −1000.00 −33.32 2023 −852.58 −34.48
 Botswana 606.39 2.98 2022 606.39 3.43
 Central African Republic −24.68 −2.90 1994 −234.70 −9.67
 Canada −13254.65 −0.62 2023 −6654.34 −0.31 −15564.55 −0.73
 Switzerland 67821.24 7.66 2023 81459.35 9.84 60892.82 6.89
 Chile −11899.04 −3.55 2023 −27101.82 −9.00 −11317.73 −3.37
 China 252987.27 1.42 2023 401855.41 2.22 252987.30 1.42
 Ivory Coast −5393.83 −7.69 2022 −5098.40 −7.58
 Cameroon −1505.13 −3.45 2022 −3028.90 −6.93
 Democratic Republic of the Congo −587.41 −1.06 2021 −869.20 −1.48
 Republic of the Congo 1715.91 11.57 2021 3302.50 24.99
 Colombia −9715.36 −2.67 2023 −21252.36 −6.24 −9116.77 −2.54
 Comoros −6.61 −0.53 2022 −66.10 −5.10
 Cape Verde −82.49 −3.19 2023 −67.73 −3.57
 Costa Rica −844.64 −0.98 2023 −2706.05 −3.98 −1284.50 −1.48
 Curaçao −877.28 −28.54 2022 −499.00 −16.60
 Cayman Islands −821.40 −13.55 2021 −580.90 −8.75
 Cyprus −3885.79 −12.06 2023 −2625.39 −9.26
 Czech Republic 1280.62 0.39 2023 −17365.73 −5.99 531.37 0.14
 Germany 262722.96 5.90 2023 172723.85 4.24 274866.80 6.16
 Djibouti 656.21 17.86 2022 −182.31 −4.53
 Dominica −221.94 −33.94 2023 −163.00 −26.37
 Denmark 44195.31 10.93 2023 51460.72 13.14 40585.43 9.96
 Dominican Republic −4376.30 −3.60 2023 −6326.80 −5.64
 Algeria 5423.60 2.26 2023 18279.19 9.28
 Ecuador 2291.32 1.93 2023 2711.40 2.34
 Egypt −10536.56 −2.21 2022 −10536.56 −2.64
 Eritrea −104.66 −14.82 2000 234.80 9.56
 Spain 41093.57 2.60 2023 7575.16 0.54 42335.91 2.68
 Estonia −848.53 −2.08 2023 −1104.33 −2.84 −608.55 −1.50
 Ethiopia −4787.66 −2.92 2023 −5160.40 −4.45
 Finland −4364.14 −1.45 2023 −10294.65 −3.64 −2461.52 −0.83
 Fiji −865.67 −17.38 2022 −867.96 −18.41
 France −22791.59 −0.75 2023 −59707.69 −2.14 −22845.92 −0.75
 Faroe Islands 194.30 7.75 2011
 Federated States of Micronesia 22.41 7.02 2014 4.48 1.05
 Gabon 141.00 0.98 2015 260.11 1.30
 United Kingdom −110393.16 −3.31 2023 −121382.30 −3.96 −110055.50 −3.29
 Georgia −1326.39 −4.34 2023 −979.30 −3.94
 Ghana −1516.94 −2.04 2022 −1517.03 −2.04
 Guinea 3350.24 15.95 2022 3350.24 16.60
 Gambia −90.25 −4.15 2022 −243.00 −11.03
 Guinea-Bissau −146.64 −8.55 2022 −105.00 −6.82
 Equatorial Guinea −344.04 −148.00 1996 674.40 3.99
 Greece −15055.69 −6.32 2023 −21131.95 −9.62 −15963.13 −6.70
 Grenada −184.24 −13.95 2023 −55.23 −4.69
 Guatemala 3281.14 3.22 2023 1319.43 1.43
 Guyana −254.12 −1.73 2022 3182.90 39.57
 Hong Kong 35365.79 9.26 2023 37909.20 10.44
 Honduras −1334.62 −3.88 2023 −1074.30 −3.38
 Croatia 956.97 1.16 2023 −1464.48 −2.08
 Haiti −491.95 −2.43 2022 −481.00 −2.53
 Hungary 623.55 0.29 2023 −14243.43 −8.55 383.14 0.14
 Indonesia −1879.59 −0.14 2023 13125.65 1.00 −2140.99 −0.15
 India −32336.34 −0.91 2023 −80433.19 −2.31 −30585.86 −0.88
 Ireland 53997.14 9.90 2023 46520.99 9.10 43887.65 7.96
 Iran 12481.00 11.39 2000 −1651.00 −0.32
 Iraq 58009.50 20.24 2022 31423.00 11.75
 Iceland 324.66 1.05 2023 −451.41 −1.62 222.34 0.72
 Israel 25089.00 4.92 2023 18436.00 3.61 24902.80 4.93
 Italy 11551.65 0.51 2023 −26658.11 −1.33 10928.10 0.48
 Jamaica −129.76 −0.76 2022 −129.76 −0.81
 Jordan −4159.13 −8.55 2022 −4159.15 −8.63
 Japan 150690.62 3.58 2023 90963.10 2.17 150824.50 3.60
 Kazakhstan −8658.42 −3.31 2023 8527.56 3.86
 Kenya −5765.54 −5.08 2022 −5765.54 −4.97
 Kyrgyzstan −5179.63 −42.68 2022 −5422.24 −49.75
 Cambodia 552.61 1.74 2023 −7582.25 −26.23
 Kiribati −6.46 −2.39 2022 −8.95 −3.99
 Saint Kitts and Nevis −143.26 −13.30 2023 −33.20 −3.50
 South Korea 35488.20 2.07 2023 29830.90 1.79 35487.80 1.93
 Kuwait 51396.16 31.77 2023 63082.18 33.96
 Laos −10.95 −0.07 2022 −1028.70 −6.50
 Lebanon −5642.83 −31.46 2023 −5909.60 −15.57
 Liberia 64.81 1.62 2022
 Libya 5675.30 11.88 2021 −4780.20 −10.20
 Saint Lucia −45.38 −1.80 2023 −53.32 −2.58
 Sri Lanka 1558.91 1.85 2023 −1453.50 −2.03
 Lesotho −117.50 −5.74 2023 −149.89 −6.32
 Lithuania 1505.70 1.93 2023 −3583.03 −5.06 1491.57 1.92
 Luxembourg 5825.75 6.79 2023 3060.28 3.68 5388.96 6.24
 Latvia −1751.64 −4.02 2023 −2642.19 −6.24 −1661.92 −3.81
 Macau 2782.38 11.37 2022 −5172.07 −24.37
 Morocco −4775.21 −3.65 2022 −4775.21 −3.48
 Moldova −1973.65 −11.93 2023 −2275.20 −15.81
 Madagascar −829.38 −5.42 2022 −1209.10 −8.06
 Maldives −1033.06 −16.74 2022 −1033.06 −17.23
 Mexico −5715.66 −0.32 2023 −13423.48 −0.95 −4394.05 −0.24
 Marshall Islands 76.26 29.58 2021 −20.92 −7.59
 North Macedonia 99.23 0.67 2023 −840.41 −6.12
 Mali −1475.43 −7.86 2022 −1320.94 −7.22
 Malta −1019.62 −5.55 2022 −1019.62 −5.80
 Myanmar 67.72 0.09 2019 −2127.70 −3.77
 Montenegro −841.77 −11.37 2023 −817.74 −13.89
 Mongolia 121.27 0.61 2023 −2303.50 −15.44
 Mozambique −2425.51 −11.76 2023 −6295.47 −35.20
 Mauritania −1424.10 −14.62 2022 −2003.00 −19.63
 Montserrat −6.79 −8.80
 Mauritius −654.05 −4.54 2023 −1580.09 −12.62
 Malawi −2275.51 −17.33 2022 −2162.10 −17.43
 Malaysia 12271.24 3.01 2022 12271.24 3.02
 Namibia −1847.55 −14.96 2023 −1568.96 −12.94
 New Caledonia −654.24 −7.50 2016
 Niger −2500.09 −16.20 2022 −2380.30 −16.53
 Nigeria −805.78 −0.22 2023 1018.60 0.22
 Nicaragua 1381.20 7.75 2023 −215.89 −1.37
 Netherlands 112951.54 10.10 2023 43587.88 4.39 116937.00 10.45
 Norway 86367.77 17.79 2023 175371.63 36.37 85229.84 17.56
 Nepal 939.38 2.30 2023 −2470.62 −6.39
 Nauru 8.41 6.42 2018 8.41 6.08
 New Zealand −16981.86 −6.70 2023 −21618.32 −8.88 −17169.41 −6.91
 Oman 5652.23 4.93 2022 3741.20 3.26
 Pakistan −350.04 −0.10 2023 −12129.11 −3.72
 Panama −3738.67 −4.48 2023 −2967.00 −4.17
 Peru 2219.45 0.83 2023 −9908.20 −4.05
 Philippines −11206.50 −2.56 2023 −17832.03 −4.41
 Palau −135.43 −55.88 2022 −156.45 −67.86
 Papua New Guinea 4498.87 17.23 2021 9977.10 31.74
 Poland 12689.00 1.56 2023 −20651.00 −3.00 12597.05 1.55
 Portugal 3974.15 1.38 2023 −3385.00 −1.34 4013.52 1.40
 Paraguay 109.63 0.26 2023 −2713.00 −6.52
 Palestine −2036.63 −10.63 2022 −2865.38 −14.64
 French Polynesia 411.96 7.49 2016
 Qatar 38117.31 17.50 2024 63117.98 27.77
 Romania −24486.70 −6.98 2023 −27978.58 −9.37
 Russia 50224.44 2.48 2023 233018.50 10.89 49557.00
 Rwanda −1653.72 −11.73 2023 −1306.26 −10.37
 Saudi Arabia 34070.46 3.19 2023 150753.11 14.20 33485.19 3.19
 Sudan −4442.78 −8.60 2022 −4442.78 −9.12
 Senegal −3327.28 −12.09 2021 −5859.50 −21.39
 Singapore 99127.72 19.77 2023 90239.36 20.64
 Solomon Islands −178.20 −10.92 2023 −218.53 −13.03
 Sierra Leone −156.70 −3.83 2022 −438.20 −11.10
 El Salvador −465.69 −1.37 2023 −2146.17 −6.81
 Serbia −1953.96 −2.60 2023 −4433.99 −6.07
 South Sudan −596.75 −11.73 2022 529.74 9.67
 São Tomé and Príncipe −79.44 −14.64 2022 −76.04 −13.17
 Suriname 146.75 3.88 2023 71.31 2.02
 Slovakia −2088.44 −1.57 2023 −9384.56 −8.27 −1816.47 −1.37
 Slovenia 3056.92 4.48 2023 −284.37 −0.46 2917.72 4.25
 Sweden 40072.86 6.75 2023 25014.84 4.24 37168.95 6.35
 Eswatini −140.97 −2.94 2022 −140.97 −3.13
 Sint Maarten −41.64 −2.71 2022 −67.00 −5.43
 Seychelles −155.19 −7.25 2023 −140.00 −8.21
 Syria −367.39 −0.60 2010 −2481.30 −9.33
 Turks and Caicos Islands 172.71 15.30 2018
 Chad −37.74 −3.20 1994 123.00 0.74
 Togo −20.74 −0.28 2020 −204.80 −2.60
 Thailand 7002.07 1.36 2023 −17229.99 −3.45
 Tajikistan 584.02 4.84 2023 1634.60 16.06
 Turkmenistan 1468.55 3.20
 Timor-Leste −227.62 −10.15 2023 −674.27 −30.53
 Tonga −28.84 −5.76 2022 −31.43 −6.47
 Trinidad and Tobago 5381.91 17.91 2022 5381.91 19.39
 Tunisia −4018.32 −9.01 2022 −3932.90 −8.42
 Turkey −44961.00 −4.06 2023 −48751.00 −5.43 −43865.13 −3.97
 Tuvalu 2.71 4.59 2022 2.48 4.04
 Taiwan 100877.00 13.27
 Tanzania −5384.42 −7.11 2022 −5397.10 −6.95
 Uganda −4172.07 −9.16 2022 −3947.19 −8.45
 Ukraine −9209.00 −5.15 2023 7860.00 5.10
 Uruguay −2796.90 −3.62 2023 −2268.14 −3.14
 United States −818822.00 −2.99 2023 −943800.00 −3.69 −905376.00 −3.31
 Uzbekistan −7787.62 −8.57 2023 −628.28 −0.79
 Saint Vincent and the Grenadines −142.76 −13.39 2023 −184.80 −19.84
 Venezuela −3870.00 1.02 2016 −3870.00 −1.34
 Vietnam 25090.00 5.84 2023 −1074.00 −0.27
 Vanuatu −127.43 −12.47 2022 −53.20 −5.36
 Samoa 46.51 4.98 2023 −78.20 −9.38
 Kosovo −794.76 −7.61 2023
 Yemen −2418.96 −7.72 2016 −2418.96 −12.92
 South Africa −6159.98 −1.63 2023 −1788.75 −0.44 −6202.27 −1.63
 Zambia 1093.01 3.75 2022 1154.62 4.24
 Zimbabwe 1096.26 5.10 2020 1096.26 5.06
Developed economies −336089.70 −0.56
Developed economies: Americas −950010.14 −3.43
Developed economies: Asia 139230.00 2.18
Developed economies: Europe 476760.43 2.02
Developed economies: Oceania −2069.99 −0.10
Developing economies 674747.05 1.67
Developing economies: Africa −43814.27 −1.56
Developing economies: Americas −144622.16 −2.47
Developing economies: Asia 854635.07 2.69
Developing economies: Oceania 8548.41 20.67
Developing economies excluding China 272891.64 1.22
Developing economies excluding LDCs 739202.40 1.89
LDCs (Least developed countries) −64455.35 −4.91
LDCs: Africa −29381.28 −4.29
LDCs: Asia −33551.67 −5.56
LDCs: Islands and Haiti −1522.41 −6.07
LLDCs (Landlocked Developing Countries) 300.02 0.03
SIDS (Small Island Developing States) (UN-OHRLLS) 98364.49 10.75
SIDS: Atlantic and Indian Ocean 4214.74 5.44
SIDS: Caribbean −3963.76 −1.11
SIDS: Pacific 98113.51 20.41
Low-income developing economies (UN) −64662.68 −6.12
Middle-income developing economies (UN) −74673.10 −0.80
High-income developing economies (UN) 814082.83 2.70
BRICS 495654.56 1.91
European Union 108810.42 0.65 348105.30 1.89
G7 (Group of Seven) −617222.60 −1.32
G20 (Group of Twenty) −229112.79 −0.27
G77 (Group of 77) 603021.79 1.65
OECD (Organisation for Economic Cooperation and Development) −649041.65 −1.09 −198218.10 −0.31

References

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  1. ^ World Bank. "Current account balance (% of GDP)". databank.worldbank.org. Retrieved 30 August 2024.
  2. ^ World Bank. "Current account balance (% of GDP)". databank.worldbank.org. Retrieved 30 August 2024. This article incorporates text from this source, which is available under the CC BY 4.0 license.
  3. ^ United Nations Conference on Trade and Development. "Balance of payments, Current account balance, annual". unctadstat.unctad.org. Retrieved 30 August 2024. This article incorporates text from this source, which is available under the CC BY 4.0 license.
  4. ^ a b c Organisation for Economic Co-operation and Development. "Current account balance (indicator)". data.oecd.org. doi:10.1787/b2f74f3a-en. Retrieved 30 August 2024.
  5. ^ a b World Bank. "Current account balance (BoP, current US$)". data.worldbank.org. Retrieved 30 August 2024.
  6. ^ a b World Bank. "Current account balance (% of GDP)". data.worldbank.org. Retrieved 30 August 2024.
  7. ^ a b United Nations Conference on Trade and Development. "Balance of payments, Current account balance, annual". unctad.org. Retrieved 30 August 2024.
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