Current account balance (credit less debit), Net (credits less debits) in Advanced economies
Advanced economies: Current account balance (credit less debit), Net (credits less debits) was 49.53 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Advanced economies, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, current account balance (credit less debit), net (credits less debits) in Advanced economies stood at 49.53 billion.
That represents a change of up 1,358.1% on the previous year and down 78.5% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Advanced economies peaked at 486.29 billion in 2017 and was at its lowest, -600.74 billion, in 2008.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less debits) in Advanced economies, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -407.45 billion | — |
| 2006 | -472.01 billion | +15.8% |
| 2007 | -419.16 billion | -11.2% |
| 2008 | -600.74 billion | +43.3% |
| 2009 | -80.91 billion | -86.5% |
| 2010 | 16.65 billion | -120.6% |
| 2011 | -40.08 billion | -340.7% |
| 2012 | 25.91 billion | -164.6% |
| 2013 | 226.67 billion | +774.8% |
| 2014 | 230.42 billion | +1.7% |
| 2015 | 257.85 billion | +11.9% |
| 2016 | 377.77 billion | +46.5% |
| 2017 | 486.29 billion | +28.7% |
| 2018 | 408.38 billion | -16.0% |
| 2019 | 376.45 billion | -7.8% |
| 2020 | 138.60 billion | -63.2% |
| 2021 | 448.12 billion | +223.3% |
| 2022 | -281.27 billion | -162.8% |
| 2023 | -3.94 billion | -98.6% |
| 2024 | 49.53 billion | -1358.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -396.05 billion | -600.74 billion | -80.91 billion | 5 |
| 2010s | 236.63 billion | -40.08 billion | 486.29 billion | 10 |
| 2020s | 70.21 billion | -281.27 billion | 448.12 billion | 5 |
Countries ranked near Advanced economies
- 3 Japan 194.26 billion compare
- 4 Taiwan 112.73 billion compare
- 5 Netherlands 110.92 billion compare
- 6 Ireland 105.99 billion compare
- 7 South Korea 99.04 billion compare
- 8 Singapore 96.02 billion compare
- 9 Switzerland 72.01 billion compare
More financial sector data for Advanced economies
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 3.41 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 24.94 billion SDR (2025)
- Gold reserves at market value 2.27 trillion SDR (2025)
- Reserves excluding gold, foreign exchange 3.83 trillion SDR (2025)
- Reserves excluding gold 4.35 trillion SDR (2025)
- Total reserves (gold at market value) 6.62 trillion SDR (2025)
- Total reserves (gold at national valuation) 5.71 trillion SDR (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate 12.13 % change on previous year (2025)
- Reserves excluding gold (SDR), annual growth rate 3 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 17.24 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Advanced economies?
- Current account balance (credit less debit), net (credits less debits) in Advanced economies was 49.53 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Advanced economies?
- The highest recorded value was 486.29 billion in 2017.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Advanced economies?
- The lowest recorded value was -600.74 billion in 2008.
- How does Advanced economies rank for current account balance (credit less debit), net (credits less debits)?
- Advanced economies ranks 6th out of 9 groups with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Advanced economies?
- Over the last ten years it is down 78.5%. The long-run trend across the full record is volatile.
- Where does this Advanced economies data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.