This page provides - Hong Kong Current Account to GDP - actual values, historical data, forecast, chart, … Mexico: Current account balance as percent of GDP: For that indicator, we provide data for Mexico from 1980 to 2019. In 2019, current account balance (% of GDP) for China was 1 %. The current account deficit or surplus is always measured in terms of as a percentage of GDP. Also covered are offsets to current economic values provided or acquired without a quid pro quo. As the sole economy recording positive GDP … Any economy that saves 45 percent of GDP will tend to run a current account surplus, China included. This page provides - Vietnam Current Account to GDP - actual values, historical data, forecast, chart, … World Bank national accounts data, and OECD National Accounts data files. In dollar terms, the current account was a record $293 billion, mainly due to a swelling trade surplus of 3.42 percent of GDP (figure 1). The latest comprehensive information for - China Current Account to GDP - including latest news, historical data table, charts and more. of 10 percent of GDP in 2007 to its lowest level at below 1.5 percent of GDP in 2013. The IMF data are estimates updated for the October 2015 report, derived from 2014 data. The surplus of Current Account to GDP in China increased to 1 % in 2019. In 2010, it bottomed at $382 billion or 2.6% of GDP. The IMF data are estimates updated for the April 2018 report, derived from 2017 data. The average value for Mexico during that period was -1.67 percent with a minimum of -8.95 percent in 1992 and a maximum of 7.84 percent in 1983. Combined commercial and residential construction was $1.3 trillion or 9.1% of GDP in 2005. The 2008 financial crisis burst the bubble in housing. Current account balance is the sum of net exports of goods, services, net income, and net current transfers. As a percent of GDP, China’s current account in 2015 was the largest since 2010 at 2.72 percent. China services export is 233,566,796,560 in BoP, current US$ and services import is 525,815,850,390 in Bop, current US$.China exports of goods and services as percentage of GDP is 19.51% and imports of goods and services as percentage of GDP is 18.73%. The latest value from is percent. Demographic shift This page provides - Ireland Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. AA6H: UK Economic Accounts time series (UKEA), released on 22 December 2020 . That pales in comparison to its golden days more than a decade ago, when China had a huge current account surplus of $420 billion, or 9.9 percent of its GDP in 2007. In 2005, residential construction peaked at $872 billion or 6.1% of GDP. The current account includes all the transactions (other than those in financial items) that involve economic values and occur between resident and non-resident entities. AA6H: Balance of payments time series (PNBP), released on 22 December 2020 . But the 2021 target was significantly below the consensus of analysts, who expect growth could beat 8 percent … China's GDP expanded 2.3 percent last year, the only major economy to see growth. China current account balance as a share of GDP was at level of 1.3 % in 2020, up from 1 % previous year. OECD.Stat enables users to search for and extract data from across OECD’s many databases. This indicator is measured in million USD and percentage of GDP. China's surplus under the current account reached $145.6 billion in the first three quarters of 2011. List of countries by current account balance as a percentage of GDP. The average value for Jordan during that period was -4.89 percent with a minimum of -17.5 percent in 2005 and a maximum of 11.4 percent in 2003. The first list includes 2017 data for members of the International Monetary Fund.The UN World Bank cites the IMF as the source for their data on Current Account Balance, and so is not included separately on this page. Current Account Balance (Percentage of GDP) - Comparison between China and United States Country 1: Afghanistan Albania Algeria Angola Antigua and Barbuda Argentina List of countries by current account balance as a percentage of GDP. Nonetheless, the surplus has fallen from 10 percent of GDP in 2007 to 2.8 percent in 2011, even though in September the International Monetary Fund projected the 2011 surplus at 5.2 percent of GDP and forecast a rebound to 7.2 percent of GDP by 2016. Variations of this time series in other datasets. This article includes a list of countries of the world sorted by current account balance as a percentage of gross domestic product (nominal GDP).. Current Account to GDP in Hong Kong averaged 4.74 percent from 1980 until 2019, reaching an all time high of 15 percent in 2008 and a record low of -6.30 percent in 1995. For comparison, the world average in based on countries is 0.00 percent. The latest current account deficit for Q1’19 for India stands at around $15.8 which is very high even for India. Current account as percentage of GDP in South Korea 1980-2019 Current account balance in India - annual percentage change 2014-2019 Gross operating surplus in New Zealand 2010-2019 China registered another current account surplus last year, as exports of goods and services exceeded imports. Current account is all transactions other than those in financial and capital items. China's third-quarter current account surplus was equivalent to 2.5 pct of GDP, which is a reasonable level, the country's foreign exchange regulator said on Friday. The latest value from is percent. Current Account to GDP in Ireland averaged -1.59 percent from 1980 until 2019, reaching an all time high of 10.60 percent in 2018 and a record low of -13.40 percent in 1981. The major classifications are goods and services, income and current transfers. Taiwan recorded a Current Account surplus of 10.50 percent of the country's Gross Domestic Product in 2019. source: Central Bank of the Republic of China (Taiwan) Current Account to GDP in Taiwan averaged 7.87 percent from 1980 until 2019, reaching an all time high of 21 percent in 1986 and a record low of -1.90 percent in 1980. The … For comparison, the world average in based on countries is 0.00 percent. The IMF publishes a range of time series data on IMF lending, exchange rates and other economic and financial indicators. Jordan: Current account balance as percent of GDP: For that indicator, we provide data for Jordan from 1980 to 2019. The surplus widened by 112 percent on … Related Stories China's current account surplus-GDP ratio to fall to 4% in 2011 2011-10-24 17:21 Therefore, IMF forecasts imply that the world economy is on the brink of an even larger current account imbalance than we saw leading up to the Great Recession. The maximum surplus was 10.1 % and deficit was -3.7 % Data published Yearly by State Administration of Foreign Exchange. Manuals, guides, and other material on statistical practices at the IMF, in member countries, and of the statistical community at large are also available. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income. Though China current account balance (% of GDP) fluctuated substantially in recent years, it tended to decrease through 2000 - 2019 period ending at 1 % in 2019. Current Account to GDP in Vietnam averaged -2.59 percent from 1980 until 2019, reaching an all time high of 6 percent in 2012 and a record low of -12.70 percent in 1995. The IMF forecasts China’s surplus to further fall below 1 percent of GDP … China’s current account surplus was about 6 percent of GDP in 2009 and 10.1 percent in 2007. China’s economic output is forecast to account for more than 17 percent of the world’s economy in the coronavirus-plagued 2020. China's foreign exchange regulator said Thursday that the country's current account surplus would account for around 3 percent of the GDP in 2011. According to IMF estimates, the increase in China’s current account balance as a percent of U.S. and E.U. AA6H: UK Balance of Payments - The Pink Book time … It was $748.7 billion, or 5.1% of GDP, in 2010. GDP over the next five years will be as large as the increase from 2000 to 2008. The steady decline has been helped by the country’s solid economic growth in recent years. Since then, a growing service trade deficit has kept China’s current account surplus below 3 percent of GDP. The IMF’s spring edition of the World Economic Outlook projects the Chinese current account balance to be around 0.5% of GDP in 2019, enter negative territory in 2022, and stand at minus 0.2% by 2024. The ratio for current account deficit as a percentage of GDP for India stands at 2.4%.