Economic Outlook No 117 — Current account balance as a percentage of GDP by country
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the...
What the numbers show
Economic Outlook No 117 — Current account balance as a percentage of GDP is currently reported for 47 countries. The highest value is 14.2 in Luxembourg; the lowest is -8.72 in Romania.
The median across all reporting countries is -0.3698, and the mean is 1.02.
The gap between the highest and lowest reporting country is a factor of about 2.
Over the past decade 23 countries rose and 24 fell. The largest increase was in Ireland (up 1,202.5%), and the largest decrease in Estonia (down 649.3%).
Economic Outlook No 117 — Current account balance as a percentage of: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Luxembourg | 14.2 | 2026 | up 91.7% | falling |
| 1 | Netherlands | 9.08 | 2026 | up 24.1% | volatile |
| 2 | Ireland | 13.73 | 2026 | up 1,202.5% | volatile |
| 3 | Norway | 12.52 | 2026 | up 211.7% | volatile |
| 3 | Slovenia | 4.07 | 2026 | down 23.0% | volatile |
| 3 | Croatia | -0.9615 | 2026 | down 145.9% | volatile |
| 4 | Denmark | 12.16 | 2026 | up 71.5% | volatile |
| 5 | Switzerland | 6.77 | 2026 | down 7.0% | volatile |
| 5 | Lithuania | 2.14 | 2026 | up 340.1% | volatile |
| 6 | Sweden | 6.58 | 2026 | up 249.3% | volatile |
| 7 | Japan | 4.85 | 2026 | up 26.2% | volatile |
| 7 | Türkiye | -0.9768 | 2026 | up 61.6% | volatile |
| 8 | Germany | 3.75 | 2026 | down 58.1% | volatile |
| 8 | Poland | -1.12 | 2026 | down 4.5% | volatile |
| 9 | Israel | 3.32 | 2026 | down 11.7% | volatile |
| 9 | Estonia | -2.87 | 2026 | down 649.3% | volatile |
| 10 | China | 3.21 | 2026 | up 94.3% | volatile |
| 10 | Latvia | -3.46 | 2026 | down 295.1% | volatile |
| 11 | Spain | 2.81 | 2026 | down 10.8% | volatile |
| 12 | Peru | 1.97 | 2026 | up 185.4% | volatile |
| 13 | Austria | 1.53 | 2026 | down 40.5% | volatile |
| 14 | Italy | 1.18 | 2026 | down 52.1% | volatile |
| 15 | Portugal | 1.14 | 2026 | down 19.8% | volatile |
| 16 | Czechia | 0.7785 | 2026 | down 55.8% | volatile |
| 17 | Hungary | 0.4993 | 2026 | down 88.6% | volatile |
| 18 | Belgium | 0.0392 | 2026 | down 92.9% | volatile |
| 19 | India | -0.0618 | 2026 | up 90.4% | volatile |
| 20 | France | -0.0633 | 2026 | up 88.0% | volatile |
| 21 | OECD | -0.3698 | 2026 | down 217.3% | volatile |
| 22 | Mexico | -0.3931 | 2026 | up 83.5% | volatile |
| 23 | Chile | -0.8153 | 2026 | up 72.9% | volatile |
| 24 | Argentina | -0.8261 | 2026 | up 69.8% | volatile |
| 25 | Finland | -0.8948 | 2026 | up 48.7% | volatile |
| 26 | Canada | -1.01 | 2026 | up 67.4% | volatile |
| 27 | South Africa | -1.85 | 2026 | up 31.0% | volatile |
| 28 | Costa Rica | -1.99 | 2026 | up 5.4% | rising |
| 29 | Australia | -2.2 | 2026 | up 36.3% | volatile |
| 30 | Indonesia | -2.37 | 2026 | down 30.2% | volatile |
| 31 | Bulgaria | -2.54 | 2026 | down 183.8% | volatile |
| 32 | Brazil | -2.54 | 2026 | down 50.5% | volatile |
| 33 | Colombia | -2.62 | 2026 | up 41.2% | volatile |
| 34 | Iceland | -2.72 | 2026 | down 135.6% | volatile |
| 35 | United States of America | -3.42 | 2026 | down 62.1% | volatile |
| 36 | United Kingdom of Great Britain and Northern Ireland | -3.55 | 2026 | up 34.9% | volatile |
| 37 | New Zealand | -4.82 | 2026 | down 137.4% | volatile |
| 38 | Greece | -5.03 | 2026 | down 144.9% | volatile |
| 39 | Romania | -8.72 | 2026 | down 318.8% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Dynamic Asian economies 7
- Korea 5.56
- Other major oil producers 5.53
- Euro area (17 countries) 2.78
- Slovak Republic -3.69
- Non-OECD economies 1.65
About this data
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact : eco.outlook@oecd.org Keywords : Outlook, forecasts, forecast, GDP