Current account balance (World Bank) — all countries

Current account balance (World Bank) — Northern Europe

Current account balance (World Bank) in Northern Europe in 2024 — 2.59%. Since 1995, the indicator has risen by 2.45 pp.

2024 2.59% +1.17 pp vs 2023
World rank
Period maximum 3.59%2022
Period minimum -2.33%2016

Trend over time

1995–2024 · % of GDP

Current account balance (World Bank) — Northern Europe, 1995–2024-4-2024199519982001200420072010201320162019202220241995: 0.14%1996: 0.59%1997: 0.93%1998: 0.28%1999: -0.31%2000: 0.71%2001: 1.19%2002: 0.58%2003: 0.69%2004: 0.35%2005: 0.67%2006: 0.04%2007: -0.87%2008: -0.31%2009: 0.29%2010: 0.86%2011: 1.52%2012: 0.26%2013: -0.44%2014: -0.87%2015: -1.23%2016: -2.33%2017: -0.61%2018: -0.57%2019: -1.81%2020: -0.86%2021: 3.28%2022: 3.59%2023: 1.42%2024: 2.59%
Change over the period: +2.45 pp Annual average: 0.08 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Northern Europe

Northern Europe 2.59%
World computed 0.39%
Current account balance (World Bank) — Northern Europe, by year Northern Europe All countries CSV XLSX
Year % Change, pp
2024 2.59 +1.17 pp
2023 1.42 −2.17 pp
2022 3.59 +0.31 pp
2021 3.28 +4.14 pp
2020 -0.86 +0.95 pp
2019 -1.81 −1.25 pp
2018 -0.57 +0.04 pp
2017 -0.61 +1.72 pp
2016 -2.33 −1.1 pp
2015 -1.23 −0.36 pp
2014 -0.87 −0.44 pp
2013 -0.44 −0.7 pp
2012 0.26 −1.26 pp
2011 1.52 +0.66 pp
2010 0.86 +0.57 pp
2009 0.29 +0.6 pp
2008 -0.31 +0.56 pp
2007 -0.87 −0.91 pp
2006 0.04 −0.63 pp
2005 0.67 +0.32 pp
2004 0.35 −0.34 pp
2003 0.69 +0.11 pp
2002 0.58 −0.61 pp
2001 1.19 +0.48 pp
2000 0.71 +1.02 pp
1999 -0.31 −0.59 pp
1998 0.28 −0.65 pp
1997 0.93 +0.34 pp
1996 0.59 +0.44 pp
1995 0.14

About the indicator

The current account balance of the balance of payments as a percent of GDP from World Bank data. It duplicates the IMF indicator in meaning but rests on a different source and carries no forecast part — useful for cross-checking: noticeable divergences between the two series usually point to a revision of the statistics.

Source: World Development Indicators (World Bank), license CC BY 4.0.