Current account balance as a proportion of GDP in Australia
Australia: Current account balance as a proportion of GDP was -2.0% in 2024. ◆ Volatile
Latest (2024)
-2.0%
Change on year
down 745.1%
World rank
118th
of 204 countries
All-time high
2.6%
in 2021
All-time low
-7.6%
in 2007
Years of data
25
2000–2024
Current account balance as a proportion of GDP in Australia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, current account balance as a proportion of gdp in Australia stood at -2.0%.
That represents a change of down 745.1% on the previous year and up 35.8% over ten years.
Over the whole period, current account balance as a proportion of gdp in Australia peaked at 2.6% in 2021 and was at its lowest, -7.6%, in 2007.
Australia ranks 118th of 204 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Australia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -3.7% | — |
| 2001 | -2.1% | -43.5% |
| 2002 | -4.0% | +92.2% |
| 2003 | -6.3% | +55.0% |
| 2004 | -6.7% | +7.2% |
| 2005 | -6.2% | -7.2% |
| 2006 | -6.2% | -0.7% |
| 2007 | -7.6% | +22.3% |
| 2008 | -4.9% | -35.5% |
| 2009 | -5.2% | +7.0% |
| 2010 | -4.0% | -23.4% |
| 2011 | -3.3% | -18.5% |
| 2012 | -4.4% | +36.1% |
| 2013 | -3.2% | -26.7% |
| 2014 | -3.1% | -5.1% |
| 2015 | -4.3% | +39.5% |
| 2016 | -3.6% | -16.1% |
| 2017 | -3.0% | -17.0% |
| 2018 | -2.6% | -14.7% |
| 2019 | -0.0% | -99.2% |
| 2020 | 1.9% | -9153.2% |
| 2021 | 2.6% | +40.6% |
| 2022 | 0.4% | -85.7% |
| 2023 | -0.2% | -162.5% |
| 2024 | -2.0% | +745.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -5.3% | -7.6% | -2.1% | 10 |
| 2010s | -3.1% | -4.4% | -0.0% | 10 |
| 2020s | 0.5% | -2.0% | 2.6% | 5 |
Countries ranked near Australia
- 115 El Salvador -1.8% compare
- 116 Comoros -1.9% compare
- 117 Zambia -1.9% compare
- 119 North Macedonia -2.1% compare
- 120 United Kingdom of Great Britain and Northern Ireland -2.2% compare
- 120 United Kingdom of Great Britain and Northern Ireland -2.2% compare
More economy & growth data for Australia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.26 Percent per annum (2029)
- Imports of goods and services (current US$), annual growth rate 2.97 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.2266 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 14,756 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 4.3 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 0.3501 current LCU per US$ of GDP (2025)
- Imports of goods and services (current LCU), per capita 22,800 current LCU per person (2025)
- Imports of goods and services (constant 2015 US$), annual growth rate 3.07 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.2211 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Australia?
- Current account balance as a proportion of gdp in Australia was -2.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Australia?
- The highest recorded value was 2.6% in 2021.
- What is the lowest current account balance as a proportion of gdp recorded in Australia?
- The lowest recorded value was -7.6% in 2007.
- How does Australia rank for current account balance as a proportion of gdp?
- Australia ranks 118th out of 204 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Australia?
- Over the last ten years it is up 35.8%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).