Small states - External balance on goods and services

External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Small states was -0.39 as of 2020. Its highest value over the past 26 years was 20.52 in 2011, while its lowest value was -4.82 in 1998.

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
1994 0.08
1995 -1.38
1996 -1.03
1997 -1.01
1998 -4.82
1999 2.86
2000 8.71
2001 6.66
2002 5.46
2003 6.09
2004 7.47
2005 8.74
2006 7.33
2007 6.92
2008 11.25
2009 6.22
2010 13.89
2011 20.52
2012 20.38
2013 19.35
2014 17.08
2015 7.54
2016 1.60
2017 4.80
2018 7.33
2019 4.88
2020 -0.39

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts