Current account balance (World Bank) — all countries

Current account balance (World Bank) — Southern Europe

Current account balance (World Bank) in Southern Europe in 2024 — 1.28%. Since 2007, the indicator has risen by 7.02 pp.

2024 1.28% +0.51 pp vs 2023
World rank
Period maximum 2.29%2019
Period minimum -6.55%2008

Trend over time

2007–2024 · % of GDP

Current account balance (World Bank) — Southern Europe, 2007–2024-7.5-5-2.502.520072009201120132015201720192021202320242007: -5.74%2008: -6.55%2009: -3.84%2010: -4.27%2011: -3.45%2012: -0.5%2013: 1.06%2014: 1.32%2015: 1.22%2016: 2.23%2017: 2.23%2018: 1.78%2019: 2.29%2020: 1.84%2021: 0.84%2022: -1.72%2023: 0.77%2024: 1.28%
Change over the period: +7.02 pp Annual average: 0.41 pp

Comparison, 2024

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

Southern Europe 1.28%
World computed 0.39%
Current account balance (World Bank) — Southern Europe, by year Southern Europe All countries CSV XLSX
Year % Change, pp
2024 1.28 +0.51 pp
2023 0.77 +2.49 pp
2022 -1.72 −2.57 pp
2021 0.84 −1 pp
2020 1.84 −0.45 pp
2019 2.29 +0.5 pp
2018 1.78 −0.45 pp
2017 2.23 −0 pp
2016 2.23 +1.01 pp
2015 1.22 −0.09 pp
2014 1.32 +0.25 pp
2013 1.06 +1.57 pp
2012 -0.5 +2.95 pp
2011 -3.45 +0.82 pp
2010 -4.27 −0.43 pp
2009 -3.84 +2.71 pp
2008 -6.55 −0.82 pp
2007 -5.74

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.