Current account balance — all countries

Current account balance — Melanesia

Current account balance in Melanesia in 2031 — 6.64%. Since 1980, the indicator has risen by 11.43 pp.

2031 6.64% +0.05 pp vs 2030
World rank
Period maximum 10.23%2017
Period minimum -19.8%2013

Trend over time

1980–2031 · % of GDP

Current account balance — Melanesia, 1980–2031-20-100102019801986199219982004201020162022202820311980: -4.79%1981: -10.46%1982: -7.55%1983: -8.94%1984: -7.07%1985: -5.04%1986: -2.41%1987: -3.29%1988: -4.11%1989: -5.62%1990: -3.69%1991: -3.51%1992: -0.6%1993: 4.35%1994: 4.1%1995: 7.84%1996: 1.65%1997: -5.13%1998: -3.88%1999: -2.14%2000: 1.68%2001: 1.6%2002: 0.63%2003: -0.29%2004: -2.92%2005: 3.25%2006: -4.99%2007: -1.58%2008: -0.12%2009: -8.97%2010: -8.95%2011: -8.34%2012: -15.67%2013: -19.8%2014: 8.45%2015: 7.36%2016: 9.05%2017: 10.23%2018: 8.63%2019: 8.63%2020: 9.09%2021: 8.46%2022: 8.77%2023: 5.58%2024: 10.13%2025: 9.74%2026: 8.45%2027: 6.93%2028: 6.98%2029: 6.68%2030: 6.59%2031: 6.64%
Change over the period: +11.43 pp Annual average: 0.22 pp

Comparison, 2031

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

Melanesia 6.64%
World computed 0.28%
Current account balance — Melanesia, by year Melanesia All countries CSV XLSX
Year % Change, pp
2031 6.64 +0.05 pp
2030 6.59 −0.09 pp
2029 6.68 −0.3 pp
2028 6.98 +0.04 pp
2027 6.93 −1.51 pp
2026 8.45 −1.29 pp
2025 9.74 −0.39 pp
2024 10.13 +4.56 pp
2023 5.58 −3.2 pp
2022 8.77 +0.31 pp
2021 8.46 −0.62 pp
2020 9.09 +0.45 pp
2019 8.63 +0 pp
2018 8.63 −1.6 pp
2017 10.23 +1.17 pp
2016 9.05 +1.69 pp
2015 7.36 −1.09 pp
2014 8.45 +28.26 pp
2013 -19.8 −4.13 pp
2012 -15.67 −7.33 pp
2011 -8.34 +0.6 pp
2010 -8.95 +0.02 pp
2009 -8.97 −8.85 pp
2008 -0.12 +1.46 pp
2007 -1.58 +3.4 pp
2006 -4.99 −8.24 pp
2005 3.25 +6.18 pp
2004 -2.92 −2.64 pp
2003 -0.29 −0.92 pp
2002 0.63 −0.97 pp
2001 1.6 −0.08 pp
2000 1.68 +3.82 pp
1999 -2.14 +1.74 pp
1998 -3.88 +1.25 pp
1997 -5.13 −6.78 pp
1996 1.65 −6.19 pp
1995 7.84 +3.74 pp
1994 4.1 −0.25 pp
1993 4.35 +4.95 pp
1992 -0.6 +2.91 pp
1991 -3.51 +0.18 pp
1990 -3.69 +1.93 pp
1989 -5.62 −1.51 pp
1988 -4.11 −0.82 pp
1987 -3.29 −0.88 pp
1986 -2.41 +2.63 pp
1985 -5.04 +2.03 pp
1984 -7.07 +1.87 pp
1983 -8.94 −1.38 pp
1982 -7.55 +2.91 pp
1981 -10.46 −5.67 pp
1980 -4.79

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.