Current account balance (BoP, current US$) - Country Ranking

Definition: Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. Data are in current U.S. dollars.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Germany 280,339,000,000.00 2014
2 China 219,678,000,000.00 2014
3 Netherlands 93,402,310,000.00 2014
4 Korea 84,373,000,000.00 2014
5 Saudi Arabia 76,915,730,000.00 2014
6 Singapore 58,771,790,000.00 2014
7 Russia 58,431,510,000.00 2014
8 Kuwait 53,967,800,000.00 2014
9 Switzerland 51,019,180,000.00 2014
10 Qatar 49,662,120,000.00 2014
11 Norway 47,162,820,000.00 2014
12 Italy 39,907,530,000.00 2014
13 Sweden 32,639,330,000.00 2014
14 Iraq 29,541,000,000.00 2012
15 Japan 24,020,720,000.00 2014
16 Denmark 21,421,470,000.00 2014
17 Macao SAR, China 21,081,800,000.00 2014
18 Thailand 15,413,450,000.00 2014
19 Malaysia 14,471,870,000.00 2014
20 Israel 12,927,000,000.00 2014
21 Spain 12,811,630,000.00 2014
22 Philippines 10,917,020,000.00 2014
23 Azerbaijan 10,208,800,000.00 2014
24 Vietnam 9,508,000,000.00 2014
25 Ireland 8,914,347,000.00 2014
26 Austria 8,437,134,000.00 2014
27 Venezuela 5,327,000,000.00 2013
28 Brunei 4,749,609,000.00 2014
29 Kazakhstan 4,643,462,000.00 2014
30 Oman 4,055,657,000.00 2014
31 Luxembourg 3,615,926,000.00 2014
32 Hong Kong SAR, China 3,593,855,000.00 2014
33 Slovenia 3,451,347,000.00 2014
34 Hungary 3,043,596,000.00 2014
35 Trinidad and Tobago 2,898,592,000.00 2011
36 Botswana 2,496,060,000.00 2014
37 Papua New Guinea 2,386,867,000.00 2014
38 Gabon 1,982,971,000.00 2005
39 Lithuania 1,684,549,000.00 2014
40 Czech Republic 1,343,091,000.00 2014
41 Nigeria 1,268,340,000.00 2014
42 Portugal 1,204,922,000.00 2014
43 Bahrain 1,123,670,000.00 2014
44 Timor-Leste 1,106,159,000.00 2014
45 Bulgaria 692,920,000.00 2014
46 Iceland 550,726,400.00 2014
47 Nepal 487,654,800.00 2014
48 Croatia 411,938,700.00 2014
49 Malta 289,278,600.00 2014
50 Estonia 258,605,200.00 2014
51 Slovak Republic 175,523,800.00 2014
52 Swaziland 145,305,200.00 2014
53 The Gambia 58,021,070.00 2012
54 Kiribati 44,743,510.00 2014
55 Vanuatu 19,453,610.00 2014
56 Tuvalu 6,808,265.00 2013
57 Bolivia -16,356,620.00 2014
58 Central African Republic -24,675,580.00 1994
59 Tonga -32,502,490.00 2013
60 Chad -37,744,640.00 1994
61 Comoros -41,140,990.00 2012
62 Samoa -48,619,010.00 2014
63 Solomon Islands -50,280,890.00 2014
64 Guinea-Bissau -52,508,820.00 2013
65 St. Kitts and Nevis -62,703,320.00 2013
66 Dominica -72,149,160.00 2013
67 St. Lucia -100,327,100.00 2013
68 São Tomé and Principe -103,689,000.00 2014
69 Macedonia -104,101,900.00 2014
70 Eritrea -104,657,000.00 2000
71 Libya -108,100,000.00 2013
72 Paraguay -116,682,600.00 2014
73 Belize -135,861,400.00 2014
74 Cabo Verde -161,487,700.00 2014
75 Burkina Faso -181,448,000.00 2010
76 Antigua and Barbuda -204,400,000.00 2013
77 St. Vincent and the Grenadines -210,276,800.00 2013
78 Grenada -212,831,000.00 2013
79 Lesotho -228,057,100.00 2014
80 Barbados -248,161,300.00 2013
81 Burundi -253,303,000.00 2013
82 Djibouti -308,528,500.00 2013
83 Seychelles -310,277,400.00 2014
84 Equatorial Guinea -344,039,000.00 1996
85 Tajikistan -351,944,600.00 2014
86 Syrian Arab Republic -367,388,500.00 2010
87 Mali -374,656,400.00 2013
88 Lao PDR -376,058,200.00 2013
89 Suriname -384,930,400.00 2014
90 Guyana -385,182,800.00 2014
91 Zambia -387,327,900.00 2014
92 Zimbabwe -424,427,800.00 1994
93 Bhutan -483,645,500.00 2014
94 Fiji -560,848,600.00 2013
95 Moldova -564,350,000.00 2014
96 Togo -568,256,400.00 2013
97 Ecuador -589,932,900.00 2014
98 Haiti -600,017,700.00 2014
99 Madagascar -622,124,500.00 2013
100 Latvia -627,278,800.00 2014
101 Côte d'Ivoire -632,724,100.00 2013
102 Benin -673,175,500.00 2013
103 Montenegro -698,725,900.00 2014
104 Mauritius -700,351,900.00 2014
105 Nicaragua -838,050,400.00 2014
106 Yemen -842,249,200.00 2014
107 Armenia -849,083,800.00 2014
108 Sierra Leone -910,410,800.00 2014
109 Romania -950,776,800.00 2014
110 Rwanda -1,046,618,000.00 2014
111 Cyprus -1,052,665,000.00 2014
112 Malawi -1,077,848,000.00 2014
113 Jamaica -1,078,217,000.00 2014
114 Cameroon -1,127,767,000.00 2013
115 Senegal -1,146,681,000.00 2011
116 Niger -1,150,273,000.00 2013
117 Guinea -1,160,950,000.00 2013
118 Belgium -1,187,871,000.00 2014
119 El Salvador -1,199,480,000.00 2014
120 Liberia -1,212,074,000.00 2014
121 Guatemala -1,229,741,000.00 2014
122 Namibia -1,375,958,000.00 2014
123 Mongolia -1,404,951,000.00 2014
124 Honduras -1,444,243,000.00 2014
125 Bosnia and Herzegovina -1,450,500,000.00 2014
126 Mauritania -1,470,734,000.00 2014
127 The Bahamas -1,529,093,000.00 2014
128 Myanmar -1,640,685,000.00 2014
129 Cambodia -1,656,719,000.00 2014
130 Bangladesh -1,677,258,000.00 2014
131 Albania -1,702,760,000.00 2014
132 New Caledonia -1,737,465,000.00 2013
133 Georgia -1,739,770,000.00 2014
134 Kyrgyz Republic -1,788,420,000.00 2014
135 Sri Lanka -2,018,156,000.00 2014
136 Dominican Republic -2,025,605,000.00 2014
137 Costa Rica -2,161,660,000.00 2014
138 Congo -2,181,040,000.00 2007
139 Jordan -2,419,015,000.00 2014
140 Finland -2,472,426,000.00 2014
141 Uruguay -2,538,200,000.00 2014
142 Serbia -2,634,632,000.00 2014
143 Uganda -2,674,134,000.00 2014
144 Ethiopia -2,985,274,000.00 2012
145 Chile -2,995,475,000.00 2014
146 Dem. Rep. Congo -3,040,095,000.00 2014
147 Pakistan -3,544,000,000.00 2014
148 Ghana -3,698,220,000.00 2014
149 Angola -3,722,412,000.00 2014
150 Afghanistan -4,017,732,000.00 2014
151 Tunisia -4,301,707,000.00 2014
152 Ukraine -4,596,000,000.00 2014
153 Sudan -4,851,825,000.00 2014
154 Greece -4,871,813,000.00 2014
155 Tanzania -5,021,388,000.00 2014
156 Belarus -5,197,400,000.00 2014
157 Panama -5,258,000,000.00 2014
158 Mozambique -5,797,348,000.00 2014
159 Argentina -5,876,824,000.00 2014
160 Egypt -5,972,100,000.00 2014
161 Kenya -6,339,433,000.00 2014
162 New Zealand -6,409,567,000.00 2014
163 Morocco -7,844,021,000.00 2013
164 Peru -8,030,967,000.00 2014
165 Algeria -9,681,571,000.00 2014
166 Poland -11,124,000,000.00 2014
167 Lebanon -12,207,180,000.00 2014
168 South Africa -19,086,480,000.00 2014
169 Colombia -19,567,180,000.00 2014
170 Mexico -24,036,410,000.00 2014
171 India -27,451,650,000.00 2014
172 Indonesia -27,485,310,000.00 2014
173 France -27,486,420,000.00 2014
174 Canada -37,474,730,000.00 2014
175 Australia -44,238,680,000.00 2014
176 Turkey -46,526,000,000.00 2014
177 Brazil -103,597,000,000.00 2014
178 United Kingdom -151,882,000,000.00 2014
179 United States -389,525,000,000.00 2014

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Development Relevance: The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance. A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

Limitations and Exceptions: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

Statistical Concept and Methodology: The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions. The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives. The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.