Current Account Balance (% of GDP)

The current account measures all non-financial transactions involving the economy of a country with non-residents, including trade in goods and services, labor income, investment income, and current transfers. When the current account balance as a percentage of GDP is positive, the country earns a surplus in international receipts through trade, investment, and transfers, reflecting the economic health and international competitiveness of the country. Conversely, a negative percentage reflects the opposite situation.