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Current account balance

(billion US dollars)

Germany is the top country by current account balance in the world. As of 2018, current account balance in Germany was 289.5 billion US dollars that accounts for 79.36% of the world's current account balance. The top 5 countries (others are Japan, Russian Federation, Netherlands, and Republic of Korea) account for 206.70% of it. The world's total current account balance was estimated at 364.8 billion US dollars in 2018.

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What is current account balance?

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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