Current Account Balance (As % of GDP) fell 7.00% to -0.536% in France in 2020

Current Account Balance (As % of GDP) (%), 2020
Economy | France | January 1, 2021
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Current account balance as a share of GDP fell 7.00% to -0.536% in France in 2020, according to the National Statistical Office.

Historically, current account balance as a share of GDP in France reached an all time high of 0.571% in 1973 and an all time low of -1.40% in 1974. When compared to France's main peers, current account balance as a share of GDP in Belgium amounted to 0.152%, 7.71% in Germany, 1.44% in Italy and 1.32% in Spain in 2020.

France has been ranked 58th within the group of 172 countries we follow in terms of current account balance as a share of GDP, 8 places above the position seen 10 years ago.

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
Austria % 0.014% 0.013% 0.028% 2.07% 2.04%
Belgium % 0.007% -0.008% 0.003% 0.152% 0.274%
France % -0.007% -0.006% -0.007% -0.536% -0.354%
Germany % 0.078% 0.074% 0.071% 7.71% 7.52%
Italy % 0.026% 0.025% 0.029% 1.44% 1.25%
Luxembourg % 0.052% 0.047% 0.044% 4.74% 4.65%
Morocco % -0.034% -0.053% -0.041% -4.26% -3.64%
Netherlands % 0.108% 0.108% 0.099% 9.24% 9.01%
Poland % < 0.001% -0.010% 0.004% -1.34% -1.29%
Portugal % 0.014% 0.004% < -0.001% -0.564% -0.900%
Slovenia % 0.062% 0.059% 0.056% 5.16% 4.27%
Spain % 0.027% 0.019% 0.020% 1.32% 1.39%
Switzerland % 0.064% 0.082% 0.123% 9.69% 9.56%