European Union - External balance on goods and services (% of GDP)
External balance on goods and services (% of GDP) in European Union was 3.78 as of 2020. Its highest value over the past 50 years was 4.38 in 2015, while its lowest value was -2.95 in 1980.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1970 | -0.68 |
| 1971 | -0.34 |
| 1972 | -0.05 |
| 1973 | -0.39 |
| 1974 | -1.52 |
| 1975 | -0.73 |
| 1976 | -1.69 |
| 1977 | -1.23 |
| 1978 | -0.32 |
| 1979 | -1.33 |
| 1980 | -2.95 |
| 1981 | -2.22 |
| 1982 | -1.92 |
| 1983 | -0.99 |
| 1984 | -0.48 |
| 1985 | -0.50 |
| 1986 | 0.43 |
| 1987 | -0.13 |
| 1988 | -0.22 |
| 1989 | -0.58 |
| 1990 | -0.42 |
| 1991 | -0.29 |
| 1992 | -0.08 |
| 1993 | 1.21 |
| 1994 | 1.36 |
| 1995 | 1.61 |
| 1996 | 1.77 |
| 1997 | 2.07 |
| 1998 | 1.76 |
| 1999 | 1.29 |
| 2000 | 0.78 |
| 2001 | 1.45 |
| 2002 | 2.32 |
| 2003 | 1.89 |
| 2004 | 2.09 |
| 2005 | 1.57 |
| 2006 | 1.21 |
| 2007 | 1.25 |
| 2008 | 0.85 |
| 2009 | 1.66 |
| 2010 | 1.60 |
| 2011 | 1.68 |
| 2012 | 2.87 |
| 2013 | 3.51 |
| 2014 | 3.78 |
| 2015 | 4.38 |
| 2016 | 4.38 |
| 2017 | 4.28 |
| 2018 | 3.87 |
| 2019 | 3.45 |
| 2020 | 3.78 |
Aggregation method: Weighted average
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
