Current Account Balance (As % of GDP) fell 0.496% to 2.21% in the European Union in 2020

Current Account Balance (As % of GDP) (%), 2020
Economy | European Union | January 1, 2021
$2.99
Excel Sheet

Current account balance as a share of GDP fell 0.496% to 2.21% in the European Union in 2020, according to the National Statistical Office.

Historically, current account balance as a share of GDP in the European Union reached an all time high of 2.50% in 2017 and an all time low of -1.79% in 1980. When compared to European Union's main peers, current account balance as a share of GDP in China amounted to 0.694%, 4.10% in Japan, 4.29% in Russia and -3.18% in USA in 2020.

European Union has been ranked th within the group of 172 countries we follow in terms of current account balance as a share of GDP.

Current Account Balance (As % of GDP) Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Canada % -0.028% -0.025% -0.020% -2.24% -2.03%
China % 0.016% 0.002% 0.010% 0.694% 0.483%
European Union % 2.50% 2.29% 2.22% 2.21% 2.15%
Germany % 0.078% 0.074% 0.071% 7.71% 7.52%
India % -0.014% -0.024% -0.010% -2.43% -2.39%
Japan % 0.042% 0.036% 0.036% 4.10% 4.23%
Mexico % -0.018% -0.021% -0.003% -1.50% -1.60%
Russia % 0.020% 0.069% 0.038% 4.29% 3.99%
South Korea % 0.046% 0.045% 0.036% 4.41% 4.24%
USA % -0.019% -0.022% -0.022% -3.18% -3.33%