European Union Current Account Balance: % of GDP
1999 - 2024 | Quarterly | % | CEIC Data
Key information about European Union Current Account Balance: % of GDP
- European Union Current Account surplus accounted for 2.8 % of the country's Nominal GDP in Jun 2024, compared with a 2.6 % surplus in the previous quarter.
- EU Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1999 to Jun 2024, with an average value of 0.7 %.
- The data reached an all-time high of 4.2 % in Sep 2017 and a record low of -1.8 % in Jun 2008.
CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. Eurostat provides Current Account Balance in EUR and Nominal GDP in EUR. European Union stands for EU27 excluding UK.
Key information about European Union Current Account Balance: % of GDP
- In the latest reports of EU, Current Account recorded a surplus of 135.8 USD bn in Jun 2024.
- Foreign Direct Investment (FDI) increased by 12.3 USD bn in Aug 2024.
- EU Direct Investment Abroad expanded by 4.2 USD bn in Aug 2024.
- Its Foreign Portfolio Investment increased by 281.4 USD bn in Jun 2024.
- The country's Nominal GDP was reported at 4,430.4 USD bn in Mar 2023.
View European Union's Current Account Balance: % of GDP from Mar 1999 to Jun 2024 in the chart:
What was European Union's Current Account Balance: % of GDP in Jun 2024?
European Union Current Account surplus accounted for 2.8 % of the country's Nominal GDP in Jun 2024, compared with a 2.6 % surplus in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 2.8 Jun 2024 | 2.6 Mar 2024 | -1.8 Jun 2008 | 4.2 Sep 2017 | % | quarterly | Mar 1999 - Jun 2024 |
Current Account Balance: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | -3.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Algeria (%) | 0.3 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| Argentina (%) | 2.3 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Armenia (%) | -2.9 Jun 2024 | quarterly | Dec 1994 - Jun 2024 |
| Australia (%) | -1.6 Jun 2024 | quarterly | Sep 1959 - Jun 2024 |
| Austria (%) | 0.6 Jun 2024 | quarterly | Mar 1970 - Jun 2024 |
| Azerbaijan (%) | 4.9 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
| Bangladesh (%) | 0.9 2024 | yearly | 1998 - 2024 |
| Belarus (%) | 2.5 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Belgium (%) | -1.8 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Bolivia (%) | 0.4 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| Bosnia and Herzegovina (%) | -3.9 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Botswana (%) | -5.0 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Brazil (%) | -3.4 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
| Bulgaria (%) | -1.3 Jun 2024 | quarterly | Sep 1999 - Jun 2024 |
| Cambodia (%) | -5.0 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Canada (%) | -1.1 Jun 2024 | quarterly | Mar 1957 - Jun 2024 |
| Chile (%) | -2.3 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| China (%) | 1.2 Jun 2024 | quarterly | Mar 1998 - Jun 2024 |
| Colombia (%) | -1.6 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Croatia (%) | -5.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Cyprus (%) | -0.6 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Czech Republic (%) | -0.2 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Denmark (%) | 13.6 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| Ecuador (%) | 7.9 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
| Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| European Union (%) | 2.8 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Finland (%) | -2.9 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| France (%) | -0.7 Sep 2024 | quarterly | Mar 1997 - Sep 2024 |
| Georgia (%) | -7.3 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Germany (%) | 5.3 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
| Ghana (%) | 5.6 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| Greece (%) | -7.9 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Hong Kong SAR, China (%) | 13.3 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Hungary (%) | 3.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Iceland (%) | -2.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| India (%) | -1.1 Jun 2024 | quarterly | Jun 2004 - Jun 2024 |
| Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
| Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
| Ireland (%) | 28.4 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Israel (%) | 3.3 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Italy (%) | 1.6 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
| Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
| Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
| Jordan (%) | -7.0 Jun 2024 | quarterly | Mar 1992 - Jun 2024 |
| Kazakhstan (%) | -2.5 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
| Kenya (%) | -2.5 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
| South Korea (USD mn) | 8,186.7 Sep 2024 | monthly | Jan 1980 - Sep 2024 |
| Kosovo (%) | -15.4 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Kuwait (%) | 27.9 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
| Kyrgyzstan (%) | -60.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Laos (%) | 2.7 2023 | yearly | 1984 - 2023 |
| Latvia (%) | -1.7 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Lebanon (%) | -2.8 2021 | yearly | 2002 - 2021 |
| Lithuania (%) | 3.2 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Luxembourg (%) | 12.0 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Macau SAR, China (%) | 36.0 2023 | yearly | 2002 - 2023 |
| North Macedonia (%) | -3.2 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Malawi (%) | -14.2 2021 | yearly | 1977 - 2021 |
| Malaysia (%) | 0.6 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Malta (%) | 7.4 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Mauritius (%) | -6.3 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Mexico (%) | 0.7 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Moldova (%) | -16.6 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Mongolia (%) | -5.4 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Montenegro (%) | -22.8 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Morocco (%) | -3.6 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Mozambique (%) | -11.6 2023 | yearly | 1980 - 2023 |
| Nepal (%) | 3.9 2024 | yearly | 2001 - 2024 |
| Netherlands (%) | 8.4 Jun 2024 | quarterly | Mar 1987 - Jun 2024 |
| New Zealand (%) | -6.9 Jun 2024 | quarterly | Jun 1987 - Jun 2024 |
| Nigeria (%) | 11.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Norway (%) | 17.9 Jun 2024 | quarterly | Mar 1981 - Jun 2024 |
| Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
| Pakistan (%) | -0.5 2024 | yearly | 1977 - 2024 |
| Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
| Panama (%) | 2.2 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Paraguay (%) | 0.3 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Peru (%) | 2.4 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
| Poland (%) | 0.3 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Portugal (%) | 1.5 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Qatar (%) | 13.1 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Romania (%) | -9.2 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Russia (%) | 3.4 Jun 2024 | quarterly | Mar 1994 - Jun 2024 |
| Saudi Arabia (%) | 1.6 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| Serbia (%) | -4.2 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Singapore (%) | 19.2 Jun 2024 | quarterly | Mar 1986 - Jun 2024 |
| Slovakia (%) | -1.3 Jun 2024 | quarterly | Mar 1997 - Jun 2024 |
| Slovenia (%) | 7.2 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| South Africa (%) | -0.9 Jun 2024 | quarterly | Mar 1960 - Jun 2024 |
| Spain (%) | 3.3 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
| Sri Lanka (%) | 1.9 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
| Sweden (%) | 9.4 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
| Switzerland (%) | 9.6 Jun 2024 | quarterly | Mar 1983 - Jun 2024 |
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| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 3.7 2017 | yearly | 2008 - 2017 |
| Household Debt: % of GDP (%) | 44.7 Jun 2024 | quarterly | Sep 1997 - Jun 2024 |
| Money Supply M1 (USD mn) | 11,588,686.867 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
| Money Supply M2 (USD mn) | 17,168,912.561 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
| M2 Growth (%) | 2.2 Sep 2024 | monthly | Jan 1981 - Sep 2024 |
| Reserve Requirement Ratio (%) | 1.0 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
| Foreign Exchange Reserves (USD mn) | 301,563.6 Sep 2024 | monthly | Dec 1999 - Sep 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 1.897 Jun 2024 | quarterly | Dec 1999 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.3 Aug 2024 | monthly | Jan 2002 - Aug 2024 |
| Total Deposits (USD mn) | 17,215,828.306 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
| Total Deposits Growth (%) | 3.3 Sep 2024 | monthly | Sep 1998 - Sep 2024 |
| Domestic Credit (USD mn) | 25,617,671.6 Jul 2024 | monthly | Jan 1999 - Jul 2024 |
| Domestic Credit Growth (%) | -1.4 Jul 2024 | monthly | Sep 1998 - Jul 2024 |
| Household Debt (USD mn) | 7,427,828.1 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
| Total Loans (USD mn) | 20,675,699.935 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
| Total Loans Growth (%) | 2.44 Sep 2024 | monthly | Sep 1998 - Sep 2024 |
| Private Debt: % of Nominal GDP (%) | 79.27 Jun 2024 | quarterly | Sep 1997 - Jun 2024 |
| Money Supply M3: Outstanding (EUR bn) | 16,528.810 Sep 2024 | monthly | Jan 1970 - Sep 2024 |
| Money Supply M2: Outstanding (EUR bn) | 15,402.898 Sep 2024 | monthly | Jan 1980 - Sep 2024 |
| Money Supply M3: swda: Outstanding (EUR bn) | 16,548.705 Sep 2024 | monthly | Jan 1980 - Sep 2024 |
| Money Supply M2: swda: Outstanding (EUR bn) | 15,405.036 Sep 2024 | monthly | Jan 1980 - Sep 2024 |
| Money Supply M1: Outstanding (EUR bn) | 10,402.350 Sep 2024 | monthly | Jan 1970 - Sep 2024 |
| Money Supply M1: swda: Outstanding (EUR bn) | 10,398.104 Sep 2024 | monthly | Jan 1980 - Sep 2024 |
| Eurosystem: Official Reserve Assets (ORA) (EUR bn) | 1,282.794 Jul 2024 | monthly | Nov 1999 - Jul 2024 |
| Eurosystem: ORA: Foreign Currency Reserves (FCR) (EUR bn) | 270.607 Sep 2024 | monthly | Nov 1999 - Sep 2024 |
| MFIs Loans: Outstanding: Households: Consumer Credit (CS) (EUR bn) | 686.042 Jan 2019 | monthly | Sep 1997 - Jan 2019 |
| MFIs Loans: Outstanding: Households: HP: Over 5 Years (EUR bn) | 4,296.809 Jan 2019 | monthly | Sep 1997 - Jan 2019 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -4.2 Oct 2024 | monthly | Jan 1986 - Oct 2024 |
| BE: Industrial Confidence Indicator (ICI): sa: NACE 2 (% Point) | -20.400 Oct 2024 | monthly | Jan 1985 - Oct 2024 |
| Construction Confidence Indicator (CCI): sa: EU 27 excl UK (EU 27E) (% Point) | -15.900 Apr 2020 | monthly | Jan 1985 - Apr 2020 |
| Economic Sentiment Index: sa: EU 27 excl UK (NA) | 65.800 Apr 2020 | monthly | Jan 1985 - Apr 2020 |
| Industrial Confidence Indicator (ICI): sa: EA 19 (% Point) | 5.80 Jul 2018 | monthly | Jan 1985 - Jul 2018 |
| Industrial Confidence Indicator (ICI): sa: EU 27 excl UK (EU 27E) (% Point) | -30.600 Apr 2020 | monthly | Jan 1985 - Apr 2020 |
| Service Confidence Indicator (SCI): sa: Euro Area 19 (% Point) | 15.30 Jul 2018 | monthly | Jan 1996 - Jul 2018 |
| Service Confidence Indicator (SCI): sa: EU 27 excl UK (EU 27E) (% Point) | -35.400 Apr 2020 | monthly | Oct 1996 - Apr 2020 |
| Eurocoin Leading Indicator (Number) | 0.140 Sep 2024 | monthly | Dec 2019 - Sep 2024 |
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