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
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 119th of 205 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% |
Australia compared with similar countries
- Australia's -2.0% is below the median for high income countries, which is 1.6%. (69 countries reporting)
- Australia's -2.0% is below the median for East Asia & Pacific, which is 1.1%. (30 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) in Australia 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 |
|---|---|---|---|
| 2020 | +9153.2% | -0.0% | 1.9% |
| 2024 | -745.1% | -0.2% | -2.0% |
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
- 116 El Salvador -1.8% compare
- 117 Comoros -1.9% compare
- 118 Zambia -1.9% compare
- 120 North Macedonia -2.1% compare
- 121 United Kingdom of Great Britain and Northern Ireland -2.2% compare
- 121 United Kingdom -2.2% compare
More economy & growth data for Australia
- Real gdp growth, annual growth rate 96.31 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 15.83 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0083 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 537.43 units per person (2025)
- SDRs holdings, SDR, annual growth rate 10.3 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.006 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 392.43 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.82 % change on previous year (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 119th out of 205 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).