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World map by current account balance (% of GDP), 2023, according to World Bank [1]. This is the list of countries by current account balance, expressed in current U.S. dollars and as percentage of GDP, based on the data published by World Bank, United Nations Conference on Trade and Development and Organisation for Economic Co-operation and Development.
Quartile representation of current account balance as percent GDP by IMF WEO data Quartile representation of current account balance as percent GDP by CIA World factbook data. This article includes a list of countries of the world sorted by current account balance as a percentage of gross domestic product (nominal GDP).
This is a list of countries by net goods exports, also known as balance of trade, which is the difference between the monetary value of a nation's exports and imports over a certain time period. [1] The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1 .
The UK's external deficit is a worry and there are questions over the country's competitiveness long-term, although a resilient labour market is a positive, senior analysts at S&P Global said on ...
In 2007, the UK had the world's third largest current account deficit, due mainly to a large deficit in manufactured goods. In May 2008, the IMF advised the UK government to broaden the scope of fiscal policy to promote external balance. [ 89 ]
Trade in GBP £ Millions Rank Country Imports to UK Exports from UK Total trade Trade balance -Total for non-EU: 345,533: 341,932: 642,726: 41,138 - European Union (Total) 341,002
Since the trade balance (exports minus imports) is generally the biggest determinant of the current account surplus or deficit, the current account balance often displays a cyclical trend. During a strong economic expansion, import volumes typically surge; if exports are unable to grow at the same rate, the current account deficit will widen.
As the 2024 election season heats up, America’s $785 billion trade deficit will be a hot topic. But while it’s easy to blame the Trump or Biden administrations, the real culprit is the World ...