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Current account balance as a share of GDP

(%)

In 2018, current account balance as a share of GDP in Italy was 2.5 %. In the ranking by current account balance as a share of GDP including 190 countries, Italy has the 44th rank that is close to the positions of such countries as Israel and the Croatia. Compared to Kiribati which at the top of the ranking with current account balance as a share of GDP of 36.2 % in 2018, Italy has 93.07 % percent lower current account balance as a share of GDP.

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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.

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