Current account balance as a share of GDP

(%)

Papua New Guinea is the top country by current account balance as a share of GDP in the world. As of 2021, current account balance as a share of GDP in Papua New Guinea was 22.9 %. The top 5 countries also includes Singapore, Libya, Kiribati, and Kuwait.

The description is composed by our digital data assistant.
What is current account balance as a share of GDP?

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.