Current account balance (credit less debit), Net (credits less) in Emerging and Developing Europe
Emerging and Developing Europe: Current account balance (credit less debit), Net (credits less) was -1.84 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Emerging and Developing Europe, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), net (credits less debits) in Emerging and Developing Europe is -1.84 billion, measured in 2024.
The figure is up 90.8% on the previous year and up 68.6% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Emerging and Developing Europe peaked at 129.27 billion in 2022 and was at its lowest, -60.55 billion, in 2007.
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) in Emerging and Developing Europe, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 27.49 billion | — |
| 2006 | 8.52 billion | -69.0% |
| 2007 | -60.55 billion | -810.5% |
| 2008 | -58.10 billion | -4.0% |
| 2009 | -8.92 billion | -84.6% |
| 2010 | -30.02 billion | +236.4% |
| 2011 | -38.67 billion | +28.8% |
| 2012 | -23.76 billion | -38.6% |
| 2013 | -53.91 billion | +126.9% |
| 2014 | -5.87 billion | -89.1% |
| 2015 | 40.09 billion | -783.0% |
| 2016 | -7.29 billion | -118.2% |
| 2017 | -21.81 billion | +199.0% |
| 2018 | 66.09 billion | -403.0% |
| 2019 | 53.77 billion | -18.6% |
| 2020 | 2.85 billion | -94.7% |
| 2021 | 71.11 billion | +2391.4% |
| 2022 | 129.27 billion | +81.8% |
| 2023 | -19.97 billion | -115.4% |
| 2024 | -1.84 billion | -90.8% |
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) in Emerging and Developing Europe changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +2391.4% | 2.85 billion | 71.11 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -18.31 billion | -60.55 billion | 27.49 billion | 5 |
| 2010s | -2.14 billion | -53.91 billion | 66.09 billion | 10 |
| 2020s | 36.29 billion | -19.97 billion | 129.27 billion | 5 |
Countries ranked near Emerging and Developing Europe
- 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
- 10 Norway 71.65 billion compare
More financial sector data for Emerging and Developing Europe
- Total reserves (gold at national valuation) (SDR), annual growth rate 14.96 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate 14.96 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -0.8637 % change on previous year (2025)
- Reserves excluding gold (SDR), annual growth rate -0.9277 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 15.36 % change on previous year (2025)
- Total reserves (gold at market value) 1.12 trillion SDR (2025)
- Reserves excluding gold, foreign exchange 669.53 billion SDR (2025)
- Reserves excluding gold 710.62 billion SDR (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 15.36 % change on previous year (2025)
- Total reserves (gold at national valuation) 1.12 trillion SDR (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Emerging and Developing Europe?
- Current account balance (credit less debit), net (credits less debits) in Emerging and Developing Europe was -1.84 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Emerging and Developing Europe?
- The highest recorded value was 129.27 billion in 2022.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Emerging and Developing Europe?
- The lowest recorded value was -60.55 billion in 2007.
- How does Emerging and Developing Europe rank for current account balance (credit less debit), net (credits less debits)?
- Emerging and Developing Europe ranks 7th out of 9 groups with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Emerging and Developing Europe?
- Over the last ten years it is up 68.6%. The long-run trend across the full record is volatile.
- Where does this Emerging and Developing Europe 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.