Current account balance in San Marino
San Marino: Current account balance was 22.0% in 2023. ◆ Volatile
Current account balance in San Marino, 2017–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for current account balance in San Marino is 22.0%, measured in 2023. That is the highest value across all 7 years on record.
Compared with earlier readings it is up 61.8% on the previous year and up 5,720.7% over ten years.
That places San Marino 4th out of 200 countries with data for 2023, putting it in the top 10%.
Current account balance in San Marino, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2017 | -0.4% | — |
| 2018 | -1.9% | +382.3% |
| 2019 | 2.0% | -207.8% |
| 2020 | 2.8% | +36.8% |
| 2021 | 5.4% | +93.9% |
| 2022 | 13.6% | +152.0% |
| 2023 | 22.0% | +61.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -0.1% | -1.9% | 2.0% | 3 |
| 2020s | 10.9% | 2.8% | 22.0% | 4 |
Countries ranked near San Marino
- 1 Tuvalu 40.0% compare
- 2 Macau, China 33.7% compare
- 3 Kuwait 22.7% compare
- 5 Marshall Islands 21.9% compare
- 6 Brunei Darussalam 18.0% compare
- 7 Ireland 17.4% compare
More economy & growth data for San Marino
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.38 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.3 Percent per annum (2029)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0677 current LCU per US$ of GDP (2023)
- Taxes less subsidies on products (current LCU), annual growth rate 7.97 % change on previous year (2023)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1.17 (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.858 (2025)
- Taxes less subsidies on products (current LCU), per capita 4,055 current LCU per person (2023)
- Gdp worldbank constant usd, per unit of GDP 0.8572 units per US$ of GDP (2023)
- Gdp worldbank constant usd, annual growth rate 0.4015 % change on previous year (2023)
- Gdp worldbank constant usd, per capita 51,324 units per person (2023)
Frequently asked questions
- What is current account balance in San Marino?
- Current account balance in San Marino was 22.0% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in San Marino?
- The highest recorded value was 22.0% in 2023.
- What is the lowest current account balance recorded in San Marino?
- The lowest recorded value was -1.9% in 2018.
- How does San Marino rank for current account balance?
- San Marino ranks 4th out of 200 countries with data for 2023.
- Is current account balance rising or falling in San Marino?
- Over the last ten years it is up 5,720.7%. The long-run trend across the full record is volatile.
- Where does this San Marino data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.