Current account balance — all countries

Current account balance — Latin America & Caribbean

Current account balance in Latin America & Caribbean in 2031 — -1.17%. Since 2014, the indicator has risen by 2.08 pp.

2031 -1.17% +0.02 pp vs 2030
World rank
Period maximum -0.18%2020
Period minimum -3.5%2015

Trend over time

2014–2031 · % of GDP

Current account balance — Latin America & Caribbean, 2014–2031-4-3-2-1020142016201820202022202420262028203020312014: -3.25%2015: -3.5%2016: -2.2%2017: -1.78%2018: -2.72%2019: -2.04%2020: -0.18%2021: -1.77%2022: -2.19%2023: -1.15%2024: -1.09%2025: -1.14%2026: -0.95%2027: -1.08%2028: -1.05%2029: -1.09%2030: -1.19%2031: -1.17%
Change over the period: +2.08 pp Annual average: 0.12 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Latin America & Caribbean

Latin America & Caribbean -1.17%
World computed 0.28%
Current account balance — Latin America & Caribbean, by year Latin America & Caribbean All countries CSV XLSX
Year % Change, pp
2031 -1.17 +0.02 pp
2030 -1.19 −0.1 pp
2029 -1.09 −0.05 pp
2028 -1.05 +0.03 pp
2027 -1.08 −0.12 pp
2026 -0.95 +0.18 pp
2025 -1.14 −0.05 pp
2024 -1.09 +0.07 pp
2023 -1.15 +1.03 pp
2022 -2.19 −0.42 pp
2021 -1.77 −1.59 pp
2020 -0.18 +1.86 pp
2019 -2.04 +0.68 pp
2018 -2.72 −0.94 pp
2017 -1.78 +0.43 pp
2016 -2.2 +1.3 pp
2015 -3.5 −0.25 pp
2014 -3.25

About the indicator

The current account balance of the balance of payments as a percent of GDP: trade in goods and services, primary income (interest, dividends, compensation of employees) and secondary income (transfers). A surplus means a country earns more abroad than it spends and is building up external assets; a persistent deficit has to be financed by an inflow of capital.

Source: World Economic Outlook (IMF), license IMF open data.