Current account balance (credit less debit), Net (credits less) in Italy
Italy: Current account balance (credit less debit), Net (credits less) was 25.77 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Italy, 2005–2024
Source: International Monetary Fund.
Analysis
Italy recorded 25.77 billion for current account balance (credit less debit), net (credits less debits) in 2024.
Compared with earlier readings it is up 396.1% on the previous year and down 30.6% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Italy peaked at 75.10 billion in 2020 and was at its lowest, -69.58 billion, in 2010.
Italy ranks 19th of 198 countries on this measure, in the top 10%.
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 Italy, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -16.71 billion | — |
| 2006 | -28.32 billion | +69.4% |
| 2007 | -30.13 billion | +6.4% |
| 2008 | -64.95 billion | +115.6% |
| 2009 | -39.20 billion | -39.6% |
| 2010 | -69.58 billion | +77.5% |
| 2011 | -63.25 billion | -9.1% |
| 2012 | -4.52 billion | -92.9% |
| 2013 | 22.36 billion | -595.1% |
| 2014 | 37.16 billion | +66.2% |
| 2015 | 22.76 billion | -38.8% |
| 2016 | 46.45 billion | +104.1% |
| 2017 | 48.87 billion | +5.2% |
| 2018 | 53.99 billion | +10.5% |
| 2019 | 65.31 billion | +21.0% |
| 2020 | 75.10 billion | +15.0% |
| 2021 | 44.45 billion | -40.8% |
| 2022 | -38.50 billion | -186.6% |
| 2023 | 5.20 billion | -113.5% |
| 2024 | 25.77 billion | +396.1% |
Italy compared with similar countries
- Italy's 25.77 billion is above the median for high income countries, which is 547.38 million, 47.1× the median. (72 countries reporting)
- Italy's 25.77 billion is above the median for Europe & Central Asia, which is -449.44 million. (50 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) in Italy 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 |
|---|---|---|---|
| 2013 | +595.1% | -4.52 billion | 22.36 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -35.86 billion | -64.95 billion | -16.71 billion | 5 |
| 2010s | 15.95 billion | -69.58 billion | 65.31 billion | 10 |
| 2020s | 22.40 billion | -38.50 billion | 75.10 billion | 5 |
Countries ranked near Italy
More financial sector data for Italy
- Reserve position in the IMF, US dollar, annual growth rate 13.19 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 91.77 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 7.79 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 67.01 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.19 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 91.77 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 7.79 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Italy?
- Current account balance (credit less debit), net (credits less debits) in Italy was 25.77 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Italy?
- The highest recorded value was 75.10 billion in 2020.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Italy?
- The lowest recorded value was -69.58 billion in 2010.
- How does Italy rank for current account balance (credit less debit), net (credits less debits)?
- Italy ranks 19th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Italy?
- Over the last ten years it is down 30.6%. The long-run trend across the full record is volatile.
- Where does this Italy 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.