Goods balance (credit less debit), Net (credits less debits) in Western Hemisphere
Western Hemisphere: Goods balance (credit less debit), Net (credits less debits) was 51.34 billion in 2024. ◆ Volatile
Goods balance (credit less debit), Net (credits less debits) in Western Hemisphere, 2005–2024
Source: International Monetary Fund.
Analysis
Western Hemisphere recorded 51.34 billion for goods balance (credit less debit), net (credits less debits) in 2024.
The figure is up 33.4% on the previous year and up 355.6% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Western Hemisphere peaked at 91.66 billion in 2006 and was at its lowest, -57.14 billion, in 2015.
The series is highly variable year to year, so single readings are best treated with caution.
Goods balance (credit less debit), Net (credits less debits) in Western Hemisphere, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 75.40 billion | — |
| 2006 | 91.66 billion | +21.6% |
| 2007 | 61.54 billion | -32.9% |
| 2008 | 32.56 billion | -47.1% |
| 2009 | 44.68 billion | +37.2% |
| 2010 | 40.40 billion | -9.6% |
| 2011 | 63.79 billion | +57.9% |
| 2012 | 36.41 billion | -42.9% |
| 2013 | 727.54 million | -98.0% |
| 2014 | -20.09 billion | -2860.9% |
| 2015 | -57.14 billion | +184.4% |
| 2016 | -895.89 million | -98.4% |
| 2017 | 24.36 billion | -2818.8% |
| 2018 | -462.77 million | -101.9% |
| 2019 | 9.73 billion | -2202.2% |
| 2020 | 71.04 billion | +630.2% |
| 2021 | 17.92 billion | -74.8% |
| 2022 | -16.33 billion | -191.1% |
| 2023 | 38.50 billion | -335.8% |
| 2024 | 51.34 billion | +33.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 61.17 billion | 32.56 billion | 91.66 billion | 5 |
| 2010s | 9.68 billion | -57.14 billion | 63.79 billion | 10 |
| 2020s | 32.50 billion | -16.33 billion | 71.04 billion | 5 |
Countries ranked near Western Hemisphere
- 3 Ireland 190.99 billion compare
- 4 Singapore 148.13 billion compare
- 5 Russia 132.09 billion compare
- 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
More financial sector data for Western Hemisphere
- Reserve tranche position, SDR 7.63 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, US dollar 72.94 billion (2025)
- Use of IMF Credit and Loans, Percent of quota per annum 141.16 (2025)
- Reserve position in the IMF, SDR 7.63 billion (2025)
- Reserve tranche position, US dollar 10.45 billion (2025)
- Reserve assets, Assets, Adjusted using IMF accounting records 7.97 billion (2024)
- Net errors and omissions, Net (credits less debits), Adjusted using -21.17 billion (2024)
- Total current account credit/revenue, Credit/Revenue 2.10 trillion (2024)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in Western Hemisphere?
- Goods balance (credit less debit), net (credits less debits) in Western Hemisphere was 51.34 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Western Hemisphere?
- The highest recorded value was 91.66 billion in 2006.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Western Hemisphere?
- The lowest recorded value was -57.14 billion in 2015.
- How does Western Hemisphere rank for goods balance (credit less debit), net (credits less debits)?
- Western Hemisphere ranks 6th out of 9 groups with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Western Hemisphere?
- Over the last ten years it is up 355.6%. 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 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.