|Rank||Country||Current Account Balance (US$)|
|18||United Arab Emirates||26,320,000,000|
|32||Trinidad and Tobago||5,058,000,000|
|42||Congo, Republic of the||1,849,000,000|
|48||British Virgin Islands||362,600,000|
|68||Sao Tome and Principe||-77,500,000|
|74||Saint Kitts and Nevis||-133,800,000|
|84||Saint Vincent and the Grenadines||-221,600,000|
|87||Central African Republic||-234,400,000|
|90||Antigua and Barbuda||-268,300,000|
|98||Congo, Democratic Republic of the||-419,000,000|
|132||Bosnia and Herzegovina||-1,583,000,000|
|163||Papua New Guinea||-4,818,000,000|
Definition: This entry records a country's net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period specified. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2012See also: Current Account Balance map
Do Current Account Deficits Matter?
International Monetary Fund - 12/12/2013 3:48:20 AM
exporting goods in the future (running a current account surplus then). Just as a country may import one good and export another under intratemporal trade, there is no reason why a country should not import goods of today and export goods of tomorrow.
Who Will Run the World’s Deficits?
project-syndicate.org - 11/6/2013 11:57:50 PM
Indeed, countries from Singapore to Russia ... Admittedly, imbalanced systems create distortions. The Romans had to debase their coins, owing to the continuous loss of gold to India. The Spanish empire flooded the world with silver coins as it paid for ...
Japan's Current Account Balance Marks Deficit in Oct.
MENAFN - 12/9/2013 11:54:29 PM
(MENAFN - Qatar News Agency) Japan's current account balance swung to a deficit in October for the first time in 9 months. Japan's Finance Ministry officials said the deficit came to about 1.24 billion dollars, according to Japan's (NHK WORLD) website They ...
Exploring The Current Account In The Balance Of Payments
Investopedia - 6/14/2013 12:45:07 PM
The balance of the current account tells us if a country has a deficit or ... A surplus is indicative of an economy that is a net creditor to the rest of the world. It shows how much a country is saving as opposed to investing. What this means is that ...
Macro Horizons: On Balance, Some More Upbeat Data Around the World
Wall Street Journal - 12/11/2013 10:23:14 AM
On balance, that works toward an eventual moderation in the ... descent has slowed–but Wednesday’s data show the picture is far from dire. The wild card is next April’s sales-tax hike, as no one knows the extent to which it will curtail ...
Green light for current account balance
pakistantoday.com.pk - 11/20/2012 2:30:26 AM
The inflows, the SBP chief spokesman Syed Wasimuddin had confirmed, had put the country’s current account balance into a surplus since July. The central bank Monday reported that during the corresponding period of last year, July-Oct FY12, the country ...
Turkish current account deficit widens amid economic pressures
MSN Philippines News - 12/11/2013 2:33:46 PM
Turkey, struggling to ward off pressures on its economy, reported on Wednesday that a key weak spot -- its current account deficit -- took a sharp turn for the worse in the first 10 months of the year. The deficit soared to $51.901 billion (37.8 billion ...
Higher oil prices may hit Turkey’s current account balances
worldbulletin.net - 7/13/2013 2:48:12 PM
Amid fears that global oil prices will increase in the face of political upheaval in the Middle East and rising demand in the US, observers argue that economic balances in such Energy-dependent countries as Turkey may well deteriorate. On the day that ...
Exports to Mars
The Economist - 11/11/2011 11:59:51 PM
ECONOMISTS are constantly urging governments to adopt policies that would reduce global imbalances—which, in crude terms, means that China should slash its current-account surplus and America its deficit. Yet they ignore the biggest imbalance of all: the ...
investinganswers.com - 12/11/2013 11:16:19 PM
The trade balance, also known as the balance of trade (BOT), is the calculation of a country's exports minus its imports. When a country imports more than it exports, the resulting negative number is called a trade deficit. When the opposite is true, a ...
Fuel costs yield deficit in current account
Japan Times - 12/9/2013 12:34:27 PM
The current account balance logged its first deficit in nine months in ... some analysts said the move is likely to be temporary as the country’s income account is projected to continue rising to offset trade deficits. Takeshi Minami, chief ...
Countries with the largest current account balance
News.Mongabay - 1/24/2010 11:57:35 PM
This entry records a country's net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period ...
Trade imbalance hits Japan current account
Financial Times - 11/11/2013 5:32:31 PM
Economists polled by Bloomberg had forecast a 10 per cent decline in the current account balance to Y400.8bn. While the country still imported more goods than it shipped to the rest of the world, the Ministry of Finance singled out the minerals and auto ...
UPDATE 2-Turkish central bank chief says current account gap limiting growth
Reuters - 12/11/2013 5:22:35 AM
GAZIANTEP, Turkey, Dec 11 (Reuters) - Turkey's central bank chief said on Wednesday the country's huge current account deficit was holding back economic growth, adding that the bank will stay cautious on monetary policy until inflation falls in ...
Tanzania: Gas to Bridge Widening Current Account Deficit
AllAfrica - 12/10/2013 5:38:05 AM
Economics scholars hold that a country can reduce its current account deficit by increasing the value of its exports relative to imports. The University of Dar es Salaam don, Prof Humphrey Moshi said recently in an interview that the widening current ...