Current account balance — all countries

Current account balance — Southern Europe

Current account balance in Southern Europe in 2031 — 1.16%. Since 1998, the indicator has risen by 1.36 pp.

2031 1.16% +0.09 pp vs 2030
World rank
Period maximum 2.26%2019
Period minimum -6.56%2008

Trend over time

1998–2031 · % of GDP

Current account balance — Southern Europe, 1998–2031-7.5-5-2.502.51998200220062010201420182022202620301998: -0.19%1999: -1.35%2000: -2.48%2001: -2.28%2002: -2.45%2003: -2.64%2004: -3.06%2005: -4.08%2006: -5.24%2007: -5.75%2008: -6.56%2009: -3.87%2010: -4.25%2011: -3.41%2012: -0.48%2013: 1.05%2014: 1.38%2015: 1.19%2016: 2.22%2017: 2.16%2018: 1.77%2019: 2.26%2020: 1.74%2021: 0.82%2022: -1.68%2023: 0.73%2024: 1.29%2025: 1.19%2026: 0.54%2027: 0.73%2028: 0.88%2029: 0.97%2030: 1.07%2031: 1.16%
Change over the period: +1.36 pp Annual average: 0.04 pp

Comparison, 2031

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

Southern Europe 1.16%
World computed 0.28%
Current account balance — Southern Europe, by year Southern Europe All countries CSV XLSX
Year % Change, pp
2031 1.16 +0.09 pp
2030 1.07 +0.1 pp
2029 0.97 +0.09 pp
2028 0.88 +0.15 pp
2027 0.73 +0.19 pp
2026 0.54 −0.65 pp
2025 1.19 −0.1 pp
2024 1.29 +0.56 pp
2023 0.73 +2.41 pp
2022 -1.68 −2.5 pp
2021 0.82 −0.91 pp
2020 1.74 −0.52 pp
2019 2.26 +0.49 pp
2018 1.77 −0.39 pp
2017 2.16 −0.06 pp
2016 2.22 +1.03 pp
2015 1.19 −0.19 pp
2014 1.38 +0.33 pp
2013 1.05 +1.53 pp
2012 -0.48 +2.93 pp
2011 -3.41 +0.83 pp
2010 -4.25 −0.37 pp
2009 -3.87 +2.68 pp
2008 -6.56 −0.81 pp
2007 -5.75 −0.5 pp
2006 -5.24 −1.16 pp
2005 -4.08 −1.02 pp
2004 -3.06 −0.41 pp
2003 -2.64 −0.19 pp
2002 -2.45 −0.17 pp
2001 -2.28 +0.2 pp
2000 -2.48 −1.12 pp
1999 -1.35 −1.16 pp
1998 -0.19

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.