Current account balance as a share of GDP in United States of America
United States of America: Current account balance as a share of GDP was -4.1% in 2024. ▲ Rising
Current account balance as a share of GDP in United States of America, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
United States of America recorded -4.1% for current account balance as a share of gdp in 2024.
Compared with earlier readings it is down 21.2% on the previous year and down 95.3% over ten years.
Over the whole period, current account balance as a share of gdp in United States of America peaked at -1.9% in 2017 and was at its lowest, -5.9%, in 2006.
That places United States of America 131st out of 193 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Current account balance as a share of GDP in United States of America, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -3.9% | — |
| 2001 | -3.7% | -5.1% |
| 2002 | -4.2% | +12.1% |
| 2003 | -4.6% | +9.4% |
| 2004 | -5.2% | +14.0% |
| 2005 | -5.8% | +10.6% |
| 2006 | -5.9% | +2.8% |
| 2007 | -5.1% | -13.9% |
| 2008 | -4.7% | -7.3% |
| 2009 | -2.6% | -44.5% |
| 2010 | -2.9% | +9.5% |
| 2011 | -2.9% | +1.7% |
| 2012 | -2.6% | -12.0% |
| 2013 | -2.0% | -21.4% |
| 2014 | -2.1% | +4.5% |
| 2015 | -2.2% | +6.2% |
| 2016 | -2.1% | -5.4% |
| 2017 | -1.9% | -10.8% |
| 2018 | -2.1% | +13.2% |
| 2019 | -2.1% | -3.3% |
| 2020 | -2.8% | +36.2% |
| 2021 | -3.7% | +30.5% |
| 2022 | -3.9% | +5.4% |
| 2023 | -3.4% | -12.4% |
| 2024 | -4.1% | +21.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.6% | -5.9% | -2.6% | 10 |
| 2010s | -2.3% | -2.9% | -1.9% | 10 |
| 2020s | -3.6% | -4.1% | -2.8% | 5 |
Countries ranked near United States of America
- 128 Bosnia and Herzegovina -3.5% compare
- 129 Congo, Democratic Republic of the -3.8% compare
- 130 Philippines -4.0% compare
- 132 Cameroon -4.1% compare
- 133 Gambia -4.2% compare
- 134 Solomon Islands -4.2% compare
More economy & growth data for United States of America
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- Gross capital formation (constant 2015 US$), annual growth rate 3.49 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1748 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 15,061 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate 6.58 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.1404 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 12,099 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 6.58 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 0.1404 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is current account balance as a share of gdp in United States of America?
- Current account balance as a share of gdp in United States of America was -4.1% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in United States of America?
- The highest recorded value was -1.9% in 2017.
- What is the lowest current account balance as a share of gdp recorded in United States of America?
- The lowest recorded value was -5.9% in 2006.
- How does United States of America rank for current account balance as a share of gdp?
- United States of America ranks 131st out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in United States of America?
- Over the last ten years it is down 95.3%. The long-run trend across the full record is rising.
- Where does this United States of America data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).