|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
Who Will Run the World’s Deficits?
project-syndicate.org - 11/6/2013 11:57:50 PM
SINGAPORE – These days everyone seems to want to run a current-account surplus ... the ability of other major deficit countries, like Brazil and India, to absorb capital flows is reaching its limit. Since the world is a closed system, this raises ...
Bundesbank: so about those current account issues…
Financial Times - 12/5/2013 7:05:44 PM
Courtesy of the Bundesbank (h/t Dario Perkins): In a nutshell, the paper concludes that current account adjustment is significantly hampered in countries that are members of a monetary union. This holds particularly in comparison with floating ...
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 ...
Euro Makes It Harder for Countries to Adjust Imbalances
Wall Street Journal - 11/26/2013 11:31:08 AM
The analysis captures countries with flexible exchange rates as well as those with fixed exchange rates that also have more leeway on interest rates with their own monetary policies. The current account is comprised mostly of the trade balance ...
India’s current account deficit: smoke and golden mirrors?
Financial Times - 12/5/2013 10:08:52 AM
When the Reserve Bank of India put out its latest statement on the nation’s current account deficit on Monday it looked like good news. The gap narrowed to $5.2bn, or 1.2 per cent of GDP, in the three months to September from $21.0bn, or 5 per ...
Indonesia’s Current-Account Gap Prompts a Rethink on Currency
Wall Street Journal - 12/3/2013 7:58:13 PM
Intervention in Jakarta is nothing new: During the summer’s taper turmoil the central bank drained nearly $12 billion from the country’s reserves to keep the rupiah from falling too sharply. A spokesman for Bank Indonesia said BI has never ...
Exports to Mars
The Economist - 11/11/2011 11:59:51 PM
In theory, countries' current-account balances should all sum to zero because one ... workers' remittances and other transfers), the world exported $331 billion more than it imported in 2010, according to the IMF's World Economic Outlook.
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 ...
World Economic Outlook (WEO)
International Monetary Fund - 12/4/2013 4:29:27 PM
Classification by World Economic Outlook Groups and Their Shares ... and Status as Heavily Indebted Poor Countries A11. Advanced Economies: Balance on Current Account A12. Emerging Market and Developing Economies: Balance on Current Account A13.
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 ...
South Africa: Current Account Deficit Widens - Reserve Bank
AllAfrica - 12/3/2013 1:10:12 PM
South Africa's current account deficit widened to 6.8% of Gross Domestic Product (GDP) in the third quarter of 2013, the Reserve Bank said on Tuesday. "The deficit on South Africa's current account widened from a downwardly revised 5.9% of gross domestic ...
Current Account Deficit narrows to $5.2 billion in Q2
articles.economictimes.indiatimes.com - 12/2/2013 12:35:36 PM
MUMBAI: India's external sector balance sheet improved with the current account deficit contracting sharply to 1.25% of gross domestic product in the September quarter from 4.9% in the preceding quarter and 5% in the year earlier as gold imports ...
Building a bullet-proof national balance sheet
origin-www.livemint.com - 12/4/2013 12:40:23 PM
The health of any balance sheet is usually assessed by looking at both assets and liabilities: foreign exchange reserves and foreign debt, in this case. One easy thumb rule to evaluate whether a country holds enough foreign exchange reserves compared to ...
World Economic Outlook
International Monetary Fund - 4/8/2003 11:53:06 PM
The World Economic Outlook presents the IMF staff's ... 1.6 Selected Western Hemisphere Countries: Real GDP, Consumer Prices, and Current Account Balance 1.7 Selected Asian Countries: Real GDP, Consumer Prices, and Current Account Balance 1.8 European ...
Will Japan Succeed?
Forex Street - 12/5/2013 9:54:33 AM
Mr. Abe and Japan and the global economy are still walking a tight rope. Unlike in 2008, the rope isn’t suspended 200-feet off the ground over top a moat of hungry crocks. But if Japan succeeds in weakening the yen more and driving its current ...