Current account balance (credit less debit), Net (credits less) in Western Hemisphere
Western Hemisphere: Current account balance (credit less debit), Net (credits less) was -70.88 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Western Hemisphere, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), net (credits less debits) in Western Hemisphere is -70.88 billion, measured in 2024.
Compared with earlier readings it is up 6.9% on the previous year and up 64.1% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Western Hemisphere peaked at 49.59 billion in 2006 and was at its lowest, -197.62 billion, in 2014.
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 Western Hemisphere, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 34.36 billion | — |
| 2006 | 49.59 billion | +44.3% |
| 2007 | 6.30 billion | -87.3% |
| 2008 | -46.37 billion | -835.6% |
| 2009 | -36.45 billion | -21.4% |
| 2010 | -108.36 billion | +197.3% |
| 2011 | -126.49 billion | +16.7% |
| 2012 | -158.93 billion | +25.6% |
| 2013 | -181.43 billion | +14.2% |
| 2014 | -197.62 billion | +8.9% |
| 2015 | -179.74 billion | -9.0% |
| 2016 | -108.58 billion | -39.6% |
| 2017 | -99.06 billion | -8.8% |
| 2018 | -146.26 billion | +47.7% |
| 2019 | -107.47 billion | -26.5% |
| 2020 | -9.80 billion | -90.9% |
| 2021 | -91.19 billion | +830.6% |
| 2022 | -127.81 billion | +40.2% |
| 2023 | -76.11 billion | -40.5% |
| 2024 | -70.88 billion | -6.9% |
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) in Western Hemisphere 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 |
|---|---|---|---|
| 2008 | -835.6% | 6.30 billion | -46.37 billion |
| 2021 | -830.6% | -9.80 billion | -91.19 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.49 billion | -46.37 billion | 49.59 billion | 5 |
| 2010s | -141.39 billion | -197.62 billion | -99.06 billion | 10 |
| 2020s | -75.16 billion | -127.81 billion | -9.80 billion | 5 |
Countries ranked near Western Hemisphere
More financial sector data for Western Hemisphere
- Reserve tranche position, SDR, annual growth rate 5.45 % change on previous year (2025)
- Reserve tranche position, US dollar, annual growth rate 10.74 % change on previous year (2025)
- Reserve position in the IMF, US dollar, annual growth rate 10.74 % change on previous year (2025)
- Reserve position in the IMF, SDR, annual growth rate 5.45 % change on previous year (2025)
- Use of IMF Credit and Loans, US dollar, annual growth rate 26.39 % change on previous year (2025)
- Use of IMF Credit and Loans, SDR, annual growth rate 20.35 % change on previous year (2025)
- Use of IMF Credit and Loans, US dollar 72.94 billion (2025)
- Reserve position in the IMF, US dollar 10.45 billion (2025)
- Use of IMF Credit and Loans, SDR 53.26 billion (2025)
- Use of IMF Credit and Loans, Percent of quota per annum 141.16 (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Western Hemisphere?
- Current account balance (credit less debit), net (credits less debits) in Western Hemisphere was -70.88 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Western Hemisphere?
- The highest recorded value was 49.59 billion in 2006.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Western Hemisphere?
- The lowest recorded value was -197.62 billion in 2014.
- How does Western Hemisphere rank for current account balance (credit less debit), net (credits less debits)?
- Western Hemisphere ranks 9th out of 9 groups with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Western Hemisphere?
- Over the last ten years it is up 64.1%. The long-run trend across the full record is volatile.
- Where does this Western Hemisphere 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.