Current Account to GDP, List by Country

This page has a list of countries ranked by its Current Account as percent of GDP. Current account balance as a percent of GDP (current account to GDP) is the current account a country has in percentage of its Gross Domestic Product. The highest current account deficit as a percentage of GDP among countries tracked by Trading Economics was recorded in Mongolia (-15.2% of GDP), Mozambique (-12.7%) and Greece (-10.5%). Portugal, Tanzania, Iceland, Kenya, Ghana, Rwanda and Turkey recorded a deficit between 5 and 10 percent. The highest current account surplus as a percentage of GDP was recorded in Singapore (22.2%), Qatar (18.7%), Switzerland (14.2%), Norway (12.8%) and Malaysia (11.8%). Algeria, Taiwan, Saudi Arabia, Luxembourg, Netherlands and United Arab Emirates recorded a surplus between 7 and 10 percent.

Country	Latest	2010	2009	2008	2007	2000
Singapore	22.20	22.20	19.00	14.60	27.30	10.90
Qatar	18.70	18.70	10.20	29.20	25.00	23.20
Switzerland	14.20	14.20	11.50	2.30	8.90	12.00
Norway	12.80	12.80	13.10	17.80	14.20	15.50
Malaysia	11.80	11.80	16.50	17.50	15.90	9.00
Algeria	9.40	9.40	0.30	20.20	22.80	16.70
Taiwan	9.40	9.40	11.40	6.90	8.90	2.70
Saudi Arabia	8.70	8.70	6.10	27.80	24.30	7.60
Luxembourg	7.80	7.80	6.90	5.30	10.10	13.20
Netherlands	7.70	7.70	4.90	4.40	6.70	1.90
United Arab Emirates	7.70	7.70	3.00	7.40	6.00	13.80
Hong Kong	6.60	6.60	8.60	13.70	12.30	4.10
Nigeria	6.40	6.40	13.00	15.40	18.70	12.50
Sweden	6.30	6.30	7.00	8.80	9.20	4.10
Germany	5.70	5.70	5.60	6.20	7.40	-1.70
Denmark	5.50	5.50	3.60	2.70	1.40	1.40
China	5.20	5.20	6.00	9.60	10.60	1.70
Russia	4.90	4.90	4.10	6.20	5.90	18.00
Venezuela	4.90	4.90	2.60	12.00	8.80	10.10
Bolivia	4.80	4.80	4.70	12.10	12.00	-5.30
Thailand	4.60	4.60	8.30	0.80	6.30	7.60
Philippines	4.50	4.50	5.80	2.20	4.90	-2.90
Estonia	3.60	3.60	4.50	-9.70	-17.20	-5.30
Japan	3.60	3.60	2.80	3.20	4.80	2.60
Latvia	3.60	3.60	8.60	-13.10	-22.30	-4.80
Finland	3.10	3.10	2.30	2.90	4.30	8.10
Israel	3.10	3.10	3.60	0.80	2.90	-1.80
South Korea	2.80	2.80	3.90	0.30	2.10	2.80
Austria	2.70	2.70	3.10	4.90	3.50	-0.70
Kazakhstan	2.50	2.50	-3.70	4.60	-8.10	3.00
Hungary	2.10	2.10	0.40	-7.30	-6.90	-8.50
Chile	1.90	1.90	1.60	-1.90	4.50	-1.20
Lithuania	1.80	1.80	4.30	-13.10	-14.50	-6.00
Bangladesh	1.40	1.40	3.30	1.90	1.10	-1.40
Belgium	1.40	1.40	0.40	-1.80	1.60	4.00
Argentina	0.90	0.90	1.80	1.30	2.30	-3.10
Indonesia	0.90	0.90	2.60	0.00	2.40	4.80
Euro Area	-0.40	-0.40	-0.30	-1.50	0.10	-1.50
Mexico	-0.50	-0.50	-0.70	-1.50	-0.90	-2.80
Ireland	-0.70	-0.70	-3.00	-5.60	-5.30	0.00
Bulgaria	-1.00	-1.00	-8.90	-23.00	-25.20	-5.40
Namibia	-1.10	-1.10	-0.70	2.70	9.10	7.90
Slovenia	-1.10	-1.10	-1.50	-6.70	-4.80	-2.70
Peru	-1.50	-1.50	0.20	-4.20	1.40	-2.90
Angola	-1.80	-1.80	-10.00	8.60	15.70	9.40
Ukraine	-1.90	-1.90	-1.50	-7.10	-3.70	4.70
Egypt	-2.00	-2.00	-2.30	0.50	2.10	-1.20
France	-2.10	-2.10	-1.90	-1.90	-1.00	1.20
New Zealand	-2.20	-2.20	-2.90	-8.70	-8.00	-4.60
Brazil	-2.30	-2.30	-1.50	-1.70	0.10	-3.80
Pakistan	-2.30	-2.30	-5.70	-8.50	-4.80	-0.30
Botswana	-2.50	-2.50	-5.50	7.50	15.00	9.70
United Kingdom	-2.50	-2.50	-1.70	-1.50	-2.70	-2.60
Australia	-2.60	-2.60	-4.20	-4.50	-6.20	-3.80
Macedonia	-2.80	-2.80	-6.40	-12.80	-7.10
South Africa	-2.80	-2.80	-4.10	-7.10	-7.00	-0.10
Sri Lanka	-2.90	-2.90	-0.50	-9.80	-4.30	-6.30
Canada	-3.10	-3.10	-2.90	0.40	0.80	2.70
Colombia	-3.10	-3.10	-2.20	-3.00	-2.90	0.90
India	-3.20	-3.20	-2.80	-2.00	-0.70	-1.00
United States	-3.20	-3.20	-2.70	-4.70	-5.10	-4.20
Italy	-3.30	-3.30	-2.10	-2.90	-2.40	-0.50
Poland	-3.40	-3.40	-2.20	-4.80	-4.70	-6.00
Slovakia	-3.40	-3.40	-3.20	-6.20	-5.30	-3.50
Czech Republic	-3.80	-3.80	-3.20	-0.70	-3.20	-4.80
Vietnam	-3.80	-3.80	-6.60	-11.90	-9.80	3.50
Romania	-4.10	-4.10	-4.20	-11.60	-13.40	-3.70
Morocco	-4.30	-4.30	-5.40	-5.20	-0.10	-1.30
Spain	-4.50	-4.50	-5.20	-9.60	-10.00	-4.00
Paraguay	-4.70	-4.70	0.60	-1.80	1.50	-2.30
Tunisia	-4.80	-4.80	-2.80	-3.80	-2.40	-3.80
Turkey	-6.60	-6.60	-2.30	-5.60	-5.90	-3.70
Rwanda	-6.80	-6.80	-8.50	-4.90	-2.20	-3.30
Ghana	-7.20	-7.20	-4.00	-10.80	-8.00	-5.30
Kenya	-7.90	-7.90	-5.60	-6.70	-4.00	-2.30
Iceland	-8.00	-8.00	-10.40	-28.30	-15.70	-10.10
Tanzania	-8.60	-8.60	-10.20	-11.10	-10.00	-4.60
Portugal	-9.90	-9.90	-10.90	-12.60	-10.10	-10.40
Greece	-10.50	-10.50	-11.00	-14.70	-14.30	-7.70
Mozambique	-12.70	-12.70	-10.50	-11.90	-9.70	-16.70
Mongolia	-15.20	-15.20	-9.00	-12.90	6.30	-5.00

Export data csv

Notes:
The table above shows Current account balance as a percent of GDP. The main source of the data is the International Monetary Fund except European Union countries and Turkey where for the data after 1998 the source is Eurostat .

Global Economic News

Japan’s Trade Deficit Widens in January
Published: 2/20/2012 10:53:57 AM By: TradingEconomics.com, Ministry of Finance Japan
Japan’s trade deficit widened to a record level in January, as falling exports combined with surging imports of energy.

U.S. Annual Inflation Rate Down to 2.9% in January
Published: 2/17/2012 7:16:50 PM By: TradingEconomics.com, U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.9 percent before seasonal adjustment

Canada's Annual Inflation Rate Up to 2.5% in January
Published: 2/17/2012 7:14:14 PM By: TradingEconomics.com, Statistics Canada
Consumer prices rose 2.5% in the 12 months to January, led by increases for food and energy. The January rise followed a 2.3% increase in December.

Australia's Unemployment Rate Down to 5.1% in January
Published: 2/16/2012 1:14:57 PM By: TradingEconomics.com, ABS
Australia's seasonally adjusted unemployment rate decreased 0.1 percentage points to 5.1 per cent in January, as announced by the Australian Bureau of Statistics (ABS).

Euro Area Trade Surplus Widens in December
Published: 2/15/2012 12:31:14 PM By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in December 2011 gave a 9.7 bn euro surplus, compared with -1.7 bn in December 2010.

U.K. Unemployment Rate at 8.4% in December
Published: 2/15/2012 10:47:34 AM By: TradingEconomics.com, ONS
U.K. unemployment rate was 8.4 per cent of the economically active population, up 0.1 on the quarter. There were 2.67 million unemployed people, up 48,000 on the quarter. The unemployment rate has not been higher since 1995.

Euro Area GDP Down by 0.3% in Q4
Published: 2/15/2012 10:08:12 AM By: TradingEconomics.com, Eurostat
Euro Area GDP fell by 0.3% in both the euro area (EA17) and the EU271 during the fourth quarter of 2011, compared with the previous quarter, according to flash estimates published by Eurostat. In the third quarter of 2011, growth rates were +0.1% and +0.3% respectively.

Bank of Japan Announces New Stimulus
Published: 2/14/2012 11:38:02 AM By: TradingEconomics.com, Bank of Japan
The Bank of Japan on February 14th further eased monetary policy, increasing its asset purchase programme by 10 trillion yen to about 65 trillion yen, as it looks to end deflation.

U.K. Inflation Rate Drops to 3.6% in January
Published: 2/14/2012 11:20:43 AM By: TradingEconomics.com, ONS
U.K. prices rose at an annual rate of 3.6% in January, official figures show, slower than the 4.2% rate recorded the month earlier.

Japan GDP Contracts 0.6% in Q4
Published: 2/13/2012 11:08:06 AM By: TradingEconomics.com, Cabinet Office
Japan's economy shrank 0.6 percent in the October-December quarter compared with the previous three months as slowing global trade, a strong currency and disruption from severe floods in Thailand all took their toll.