Current account balance (credit less debit), Percent of GDP in Latin America and the Caribbean (LAC)
Latin America and the Caribbean (LAC): Current account balance (credit less debit), Percent of GDP was -1.12 in 2031. ◆ Volatile
Current account balance (credit less debit), Percent of GDP in Latin America and the Caribbean (LAC), 1980–2031
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), percent of gdp in Latin America and the Caribbean (LAC) is -1.12, measured in 2031.
The figure is down 1.6% on the previous year and up 37.1% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp in Latin America and the Caribbean (LAC) peaked at 1.56 in 2006 and was at its lowest, -4.91, in 1982.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Percent of GDP in Latin America and the Caribbean (LAC), year by year
| Year | Value | Change |
|---|---|---|
| 1980 | -3.35 | — |
| 1981 | -4.84 | +44.6% |
| 1982 | -4.91 | +1.4% |
| 1983 | 0.0396 | -100.8% |
| 1984 | 0.7956 | +1907.8% |
| 1985 | 0.2777 | -65.1% |
| 1986 | -1.94 | -799.2% |
| 1987 | -0.6833 | -64.8% |
| 1988 | -1.05 | +53.4% |
| 1989 | -0.6574 | -37.3% |
| 1990 | -0.3459 | -47.4% |
| 1991 | -1.91 | +450.9% |
| 1992 | -3.34 | +75.2% |
| 1993 | -3.62 | +8.4% |
| 1994 | -3.65 | +0.8% |
| 1995 | -2 | -45.1% |
| 1996 | -1.89 | -5.7% |
| 1997 | -2.98 | +58.2% |
| 1998 | -3.99 | +33.7% |
| 1999 | -2.77 | -30.6% |
| 2000 | -2.21 | -20.1% |
| 2001 | -2.47 | +11.6% |
| 2002 | -0.8289 | -66.4% |
| 2003 | 0.599 | -172.3% |
| 2004 | 1.01 | +68.9% |
| 2005 | 1.28 | +26.6% |
| 2006 | 1.56 | +21.5% |
| 2007 | 0.198 | -87.3% |
| 2008 | -0.9703 | -590.1% |
| 2009 | -0.859 | -11.5% |
| 2010 | -2.1 | +144.0% |
| 2011 | -2.11 | +0.9% |
| 2012 | -2.62 | +23.9% |
| 2013 | -2.96 | +12.9% |
| 2014 | -3.26 | +10.2% |
| 2015 | -3.52 | +7.9% |
| 2016 | -2.2 | -37.5% |
| 2017 | -1.79 | -18.7% |
| 2018 | -2.71 | +51.5% |
| 2019 | -2.04 | -24.5% |
| 2020 | -0.2055 | -89.9% |
| 2021 | -1.77 | +763.4% |
| 2022 | -2.2 | +24.2% |
| 2023 | -1.16 | -47.3% |
| 2024 | -1.09 | -5.9% |
| 2025 | -1.16 | +5.6% |
| 2026 | -0.9441 | -18.3% |
| 2027 | -1.06 | +12.6% |
| 2028 | -0.9746 | -8.4% |
| 2029 | -0.9904 | +1.6% |
| 2030 | -1.1 | +11.0% |
| 2031 | -1.12 | +1.6% |
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP in Latin America and the Caribbean (LAC) 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 |
|---|---|---|---|
| 1984 | +1907.8% | 0.0396 | 0.7956 |
| 1986 | -799.2% | 0.2777 | -1.94 |
| 2021 | -763.4% | -0.2055 | -1.77 |
| 2008 | -590.1% | 0.198 | -0.9703 |
| 1991 | -450.9% | -0.3459 | -1.91 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -1.63 | -4.91 | 0.7956 | 10 |
| 1990s | -2.65 | -3.99 | -0.3459 | 10 |
| 2000s | -0.2695 | -2.47 | 1.56 | 10 |
| 2010s | -2.53 | -3.52 | -1.79 | 10 |
| 2020s | -1.16 | -2.2 | -0.2055 | 10 |
| 2030s | -1.11 | -1.12 | -1.1 | 2 |
Countries ranked near Latin America and the Caribbean (LAC)
More financial sector data for Latin America and the Caribbean (LAC)
- Total reserves (gold at market value) (SDR), annual growth rate 6.4 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 731.02 million SDR (2025)
- Gold reserves at market value 53.80 billion SDR (2025)
- Reserves excluding gold, foreign exchange 658.34 billion SDR (2025)
- Reserves excluding gold 703.76 billion SDR (2025)
- Total reserves (gold at market value) 755.82 billion SDR (2025)
- Total reserves (gold at national valuation) 757.97 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate 6.66 % change on previous year (2025)
- Reserves excluding gold (SDR), annual growth rate 3.83 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 6.33 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), percent of gdp in Latin America and the Caribbean (LAC)?
- Current account balance (credit less debit), percent of gdp in Latin America and the Caribbean (LAC) was -1.12 in 2031, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp recorded in Latin America and the Caribbean (LAC)?
- The highest recorded value was 1.56 in 2006.
- What is the lowest current account balance (credit less debit), percent of gdp recorded in Latin America and the Caribbean (LAC)?
- The lowest recorded value was -4.91 in 1982.
- How does Latin America and the Caribbean (LAC) rank for current account balance (credit less debit), percent of gdp?
- Latin America and the Caribbean (LAC) ranks 1st out of 1 groups with data for 2031.
- Is current account balance (credit less debit), percent of gdp rising or falling in Latin America and the Caribbean (LAC)?
- Over the last ten years it is up 37.1%. The long-run trend across the full record is volatile.
- Where does this Latin America and the Caribbean (LAC) data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Percent of GDP. Statizoid updates them automatically from the source API.
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About this data
The WHD Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in the Western Hemisphere. Data for the Western Hemisphere REO are prepared in conjunction and are consistent with the semi-annual World Economic Outlook (WEO) exercises. REO aggregate data may differ from WEO aggregates due to differences in group membership. Composite data for country groups are weighted averages of data for individual countries. Arithmetic weighted averages are used for all concepts except for inflation and broad money, for which geometric averages are used. PPP GDP weights from the WEO database are used for the aggregation of real GDP growth, real non-oil GDP growth, real per capita GDP growth, investment, national savings, broad money, claims on the nonfinancial private sector, and real and nominal effective exchange rates. Aggregates for other concepts are weighted by GDP in U.S. dollars at market exchange rates.