Current account balance (% of GDP)

The current account balance provides a comprehensive snapshot of a nation's economic interaction with the rest of the world, reflecting the difference between its total exports and imports, alongside its earnings and payments in primary and secondary income streams. This indicator is expressed as a percentage of a country's Gross Domestic Product (GDP), offering valuable insight into the sustainability of economic growth. A positive balance suggests that a country is a net lender to the world, whereas a negative balance may indicate reliance on foreign capital. Fluctuations in this metric can signal shifts in competitiveness, currency strength, and economic health, impacting investment decisions and policy direction. Understanding these dynamics is crucial for assessing a country’s position in the global economy. Source: