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 290,290,000,000.00 2016
2 China 196,380,000,000.00 2016
3 Japan 187,265,000,000.00 2016
4 Korea 98,677,400,000.00 2016
5 Netherlands 69,900,660,000.00 2016
6 Switzerland 65,870,970,000.00 2016
7 Singapore 56,501,110,000.00 2016
8 Italy 50,455,760,000.00 2016
9 Thailand 48,237,240,000.00 2016
10 Russia 25,542,630,000.00 2016
11 Spain 23,768,700,000.00 2016
12 Sweden 23,013,970,000.00 2016
13 Denmark 22,459,550,000.00 2016
14 Hong Kong SAR, China 14,885,910,000.00 2016
15 Ireland 14,348,520,000.00 2016
16 Norway 14,301,170,000.00 2016
17 Iran 12,481,000,000.00 2000
18 Macao SAR, China 12,312,890,000.00 2016
19 Israel 11,879,300,000.00 2016
20 Austria 8,291,061,000.00 2016
21 Vietnam 8,235,000,000.00 2016
22 Hungary 7,705,245,000.00 2016
23 Malaysia 6,920,852,000.00 2016
24 Papua New Guinea 5,180,994,000.00 2016
25 Iraq 3,843,100,000.00 2016
26 Luxembourg 2,893,900,000.00 2016
27 Bulgaria 2,870,710,000.00 2016
28 Nigeria 2,713,370,000.00 2016
29 Slovenia 2,336,723,000.00 2016
30 Czech Republic 2,138,783,000.00 2016
31 Botswana 1,984,686,000.00 2016
32 Gabon 1,982,971,000.00 2005
33 Brunei 1,766,394,000.00 2016
34 Iceland 1,601,720,000.00 2016
35 Portugal 1,449,621,000.00 2016
36 Ecuador 1,437,615,000.00 2016
37 Croatia 1,389,874,000.00 2016
38 Bangladesh 1,274,824,000.00 2016
39 Bahrain 1,123,670,000.00 2014
40 Guatemala 1,023,400,000.00 2016
41 Uruguay 887,767,900.00 2016
42 Malta 727,105,800.00 2016
43 Congo 683,324,800.00 2014
44 Kuwait 640,762,200.00 2016
45 Swaziland 639,719,300.00 2016
46 Belgium 487,494,400.00 2016
47 Estonia 447,112,200.00 2016
48 Paraguay 414,532,800.00 2016
49 Latvia 376,967,100.00 2016
50 Kiribati 35,883,640.00 2016
51 Guinea-Bissau 20,941,860.00 2015
52 Tuvalu 6,808,265.00 2013
53 Dominica 4,791,871.00 2016
54 Antigua and Barbuda 2,204,861.00 2016
55 Palau -24,245,930.00 2015
56 Central African Republic -24,675,580.00 1994
57 St. Lucia -31,235,800.00 2016
58 Tonga -32,502,490.00 2013
59 Grenada -33,893,230.00 2016
60 Chad -37,744,640.00 1994
61 Madagascar -37,786,010.00 2016
62 Comoros -41,140,990.00 2012
63 Samoa -43,559,600.00 2015
64 Cabo Verde -45,926,410.00 2016
65 Solomon Islands -48,803,490.00 2016
66 São Tomé and Principe -61,472,890.00 2016
67 Fiji -72,423,610.00 2015
68 Haiti -72,459,350.00 2016
69 Vanuatu -82,051,490.00 2015
70 The Gambia -95,561,110.00 2016
71 Suriname -101,567,000.00 2016
72 St. Kitts and Nevis -102,383,900.00 2016
73 Eritrea -104,657,000.00 2000
74 Libya -108,100,000.00 2013
75 St. Vincent and the Grenadines -121,769,000.00 2016
76 Jamaica -130,870,700.00 2016
77 Guyana -144,207,600.00 2015
78 Belize -163,456,300.00 2016
79 Nepal -167,829,900.00 2016
80 Djibouti -170,031,500.00 2016
81 Lesotho -189,984,800.00 2016
82 Côte d'Ivoire -201,291,900.00 2015
83 Armenia -238,118,700.00 2016
84 Barbados -248,161,300.00 2013
85 Tajikistan -264,740,300.00 2016
86 Moldova -285,580,000.00 2016
87 Seychelles -286,441,300.00 2016
88 Macedonia -298,630,600.00 2016
89 Equatorial Guinea -344,039,000.00 1996
90 Burundi -354,821,700.00 2016
91 Syrian Arab Republic -367,388,500.00 2010
92 Togo -460,839,200.00 2015
93 Lithuania -490,220,400.00 2016
94 El Salvador -530,643,300.00 2016
95 Mauritius -531,980,400.00 2016
96 Timor-Leste -533,075,100.00 2016
97 Zimbabwe -591,319,900.00 2016
98 Bhutan -617,567,000.00 2016
99 Kyrgyz Republic -663,343,300.00 2016
100 Mali -675,835,500.00 2014
101 Mongolia -699,671,000.00 2016
102 Mauritania -706,785,500.00 2016
103 Malawi -710,271,200.00 2015
104 Benin -744,456,700.00 2015
105 Montenegro -787,804,500.00 2016
106 Honduras -799,010,000.00 2016
107 Bosnia and Herzegovina -858,687,100.00 2016
108 Liberia -859,626,500.00 2015
109 Zambia -928,746,000.00 2016
110 Philippines -953,904,600.00 2016
111 Cyprus -965,416,600.00 2016
112 Dominican Republic -977,600,000.00 2016
113 Burkina Faso -997,625,600.00 2014
114 Sierra Leone -1,003,078,000.00 2015
115 The Bahamas -1,106,293,000.00 2016
116 Nicaragua -1,133,400,000.00 2016
117 Albania -1,142,450,000.00 2016
118 Cameroon -1,173,219,000.00 2015
119 Uganda -1,188,343,000.00 2016
120 Rwanda -1,210,985,000.00 2016
121 Lao PDR -1,233,699,000.00 2016
122 Slovak Republic -1,291,443,000.00 2016
123 Dem. Rep. Congo -1,334,148,000.00 2016
124 Senegal -1,347,835,000.00 2014
125 Azerbaijan -1,363,404,000.00 2016
126 Poland -1,369,000,000.00 2016
127 New Caledonia -1,468,969,000.00 2014
128 Niger -1,485,619,000.00 2015
129 Serbia -1,513,480,000.00 2016
130 Namibia -1,584,084,000.00 2016
131 Belarus -1,675,900,000.00 2016
132 Costa Rica -1,697,741,000.00 2016
133 Cambodia -1,775,969,000.00 2016
134 Georgia -1,840,939,000.00 2016
135 Bolivia -1,928,101,000.00 2016
136 Sri Lanka -1,942,100,000.00 2016
137 Greece -1,964,347,000.00 2016
138 Tanzania -2,009,048,000.00 2016
139 Myanmar -2,011,015,000.00 2016
140 Finland -2,551,061,000.00 2016
141 Trinidad and Tobago -2,597,595,000.00 2016
142 Guinea -2,744,899,000.00 2016
143 Ghana -2,832,047,000.00 2016
144 Yemen -3,026,024,000.00 2015
145 Angola -3,070,972,000.00 2016
146 Panama -3,160,000,000.00 2016
147 Ukraine -3,450,000,000.00 2016
148 Chile -3,574,378,000.00 2016
149 Jordan -3,610,423,000.00 2016
150 Kenya -3,653,064,000.00 2016
151 Tunisia -3,694,263,000.00 2016
152 Afghanistan -3,781,140,000.00 2016
153 Venezuela -3,870,000,000.00 2016
154 Sudan -4,127,418,000.00 2016
155 Mozambique -4,190,864,000.00 2016
156 Romania -4,385,351,000.00 2016
157 Morocco -4,531,145,000.00 2016
158 New Zealand -4,766,366,000.00 2016
159 Peru -5,303,451,000.00 2016
160 Pakistan -6,895,000,000.00 2016
161 Ethiopia -8,269,357,000.00 2016
162 Qatar -8,324,450,000.00 2016
163 Kazakhstan -8,925,665,000.00 2016
164 South Africa -9,478,627,000.00 2016
165 Lebanon -9,796,695,000.00 2016
166 India -12,113,710,000.00 2016
167 Colombia -12,305,360,000.00 2016
168 Oman -12,319,040,000.00 2016
169 Argentina -14,532,560,000.00 2016
170 Indonesia -16,768,930,000.00 2016
171 Egypt -20,129,500,000.00 2016
172 France -21,123,620,000.00 2016
173 Mexico -22,972,490,000.00 2016
174 Brazil -23,529,630,000.00 2016
175 Algeria -26,178,950,000.00 2016
176 Saudi Arabia -27,551,290,000.00 2016
177 Turkey -32,634,000,000.00 2016
178 Australia -32,949,690,000.00 2016
179 Canada -50,629,800,000.00 2016
180 United Kingdom -157,584,000,000.00 2016
181 United States -451,692,000,000.00 2016

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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.