Germany is the top country by current account balance in the world. As of 2018, current account balance in Germany was 294.3 billion US dollars that accounts for 84.37 % of the world's current account balance. The top 5 countries (others are Japan, Russian Federation, Netherlands, and Republic of Korea) account for 214.90 % of it. The world's total current account balance was estimated at 348.8 billion US dollars in 2018.The description is composed by our digital data assistant.
Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.