Current account balance — all countries

Current account balance — Northern Europe

Current account balance in Northern Europe in 2031 — 1.51%. Since 1993, the indicator has risen by 1.82 pp.

2031 1.51% −0.09 pp vs 2030
World rank
Period maximum 3.67%2022
Period minimum -2.07%2016

Trend over time

1993–2031 · % of GDP

Current account balance — Northern Europe, 1993–2031-4-2024199319972001200520092013201720212025202920311993: -0.31%1994: 0.44%1995: 0.7%1996: 1.03%1997: 1.02%1998: 0.28%1999: -0.33%2000: 0.54%2001: 0.9%2002: 0.53%2003: 0.69%2004: 0.38%2005: 0.61%2006: -0.06%2007: -0.95%2008: -0.29%2009: 0.04%2010: 0.71%2011: 1.38%2012: 0.46%2013: -0.21%2014: -0.65%2015: -1.05%2016: -2.07%2017: -0.61%2018: -0.4%2019: -1.67%2020: -0.72%2021: 3.24%2022: 3.67%2023: 1.32%2024: 2.46%2025: 1.59%2026: 1.38%2027: 1.36%2028: 1.34%2029: 1.44%2030: 1.6%2031: 1.51%
Change over the period: +1.82 pp Annual average: 0.05 pp

Comparison, 2031

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

Northern Europe 1.51%
World computed 0.28%
Current account balance — Northern Europe, by year Northern Europe All countries CSV XLSX
Year % Change, pp
2031 1.51 −0.09 pp
2030 1.6 +0.16 pp
2029 1.44 +0.1 pp
2028 1.34 −0.02 pp
2027 1.36 −0.02 pp
2026 1.38 −0.21 pp
2025 1.59 −0.86 pp
2024 2.46 +1.14 pp
2023 1.32 −2.35 pp
2022 3.67 +0.43 pp
2021 3.24 +3.96 pp
2020 -0.72 +0.95 pp
2019 -1.67 −1.27 pp
2018 -0.4 +0.21 pp
2017 -0.61 +1.46 pp
2016 -2.07 −1.02 pp
2015 -1.05 −0.39 pp
2014 -0.65 −0.44 pp
2013 -0.21 −0.67 pp
2012 0.46 −0.92 pp
2011 1.38 +0.68 pp
2010 0.71 +0.67 pp
2009 0.04 +0.33 pp
2008 -0.29 +0.66 pp
2007 -0.95 −0.89 pp
2006 -0.06 −0.66 pp
2005 0.61 +0.23 pp
2004 0.38 −0.32 pp
2003 0.69 +0.17 pp
2002 0.53 −0.37 pp
2001 0.9 +0.36 pp
2000 0.54 +0.87 pp
1999 -0.33 −0.61 pp
1998 0.28 −0.74 pp
1997 1.02 −0.01 pp
1996 1.03 +0.32 pp
1995 0.7 +0.26 pp
1994 0.44 +0.76 pp
1993 -0.31

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.