Goods balance (credit less debit), Net (credits less debits) in Advanced economies
Advanced economies: Goods balance (credit less debit), Net (credits less debits) was -493.68 billion in 2024. ▲ Rising
Goods balance (credit less debit), Net (credits less debits) in Advanced economies, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for goods balance (credit less debit), net (credits less debits) in Advanced economies is -493.68 billion, measured in 2024.
That represents a change of down 8.5% on the previous year and down 38.4% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Advanced economies peaked at -100.94 billion in 2016 and was at its lowest, -853.66 billion, in 2022.
The long-run direction has been consistently rising across the 20 years of available data.
Goods balance (credit less debit), Net (credits less debits) in Advanced economies, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -434.00 billion | — |
| 2006 | -551.46 billion | +27.1% |
| 2007 | -490.30 billion | -11.1% |
| 2008 | -622.11 billion | +26.9% |
| 2009 | -231.68 billion | -62.8% |
| 2010 | -305.63 billion | +31.9% |
| 2011 | -510.56 billion | +67.1% |
| 2012 | -455.68 billion | -10.7% |
| 2013 | -331.66 billion | -27.2% |
| 2014 | -356.68 billion | +7.5% |
| 2015 | -178.09 billion | -50.1% |
| 2016 | -100.94 billion | -43.3% |
| 2017 | -124.51 billion | +23.4% |
| 2018 | -306.35 billion | +146.0% |
| 2019 | -288.78 billion | -5.7% |
| 2020 | -260.73 billion | -9.7% |
| 2021 | -315.94 billion | +21.2% |
| 2022 | -853.66 billion | +170.2% |
| 2023 | -455.03 billion | -46.7% |
| 2024 | -493.68 billion | +8.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -465.91 billion | -622.11 billion | -231.68 billion | 5 |
| 2010s | -295.89 billion | -510.56 billion | -100.94 billion | 10 |
| 2020s | -475.81 billion | -853.66 billion | -260.73 billion | 5 |
Countries ranked near Advanced economies
- 6 Switzerland 130.84 billion compare
- 7 South Korea 100.13 billion compare
- 8 Taiwan 99.42 billion compare
- 9 Saudi Arabia 89.72 billion compare
- 10 Netherlands 87.60 billion compare
- 11 Brazil 65.84 billion compare
- 12 Norway 64.54 billion compare
More financial sector data for Advanced economies
- Reserve tranche position, SDR, annual growth rate 7.3 % 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)
- Total reserves (gold at market value) (SDR), annual growth rate 17.24 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 3.41 % change on previous year (2025)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in Advanced economies?
- Goods balance (credit less debit), net (credits less debits) in Advanced economies was -493.68 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Advanced economies?
- The highest recorded value was -100.94 billion in 2016.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Advanced economies?
- The lowest recorded value was -853.66 billion in 2022.
- How does Advanced economies rank for goods balance (credit less debit), net (credits less debits)?
- Advanced economies ranks 9th out of 9 groups with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Advanced economies?
- Over the last ten years it is down 38.4%. The long-run trend across the full record is rising.
- Where does this Advanced economies data come from?
- The figures come from International Monetary Fund, published as part of Goods 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.