Economy > Trade > Balance of payments > Current account balance of payments: Countries Compared

DEFINITION: The current account balance is the difference between a country’s current receipts from and its current payments to the rest of the world. These current transactions consist of exports and imports of goods; exports and imports of services such as tourism, international freight and passenger transport, insurance and financial services; income consisting of wages and salaries, dividends, interest and other property income; and transfers.

Note that property income includes retained earnings of foreign-owned subsidiaries. All earnings of foreign-owned subsidiaries are treated as if they were remitted abroad and the part which is actually retained in the country where the subsidiary is located is then shown as a re-investment flow in the capital account.

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#	COUNTRY	AMOUNT	DATE
1	Norway	15.92%	2009
2	Switzerland	13.35%	2009
3	Luxembourg	9.85%	2009
4	Sweden	8.35%	2009
5	Netherlands	7.67%	2009
6	Germany	7.5%	2009
7	Japan	4.82%	2009
8	Finland	4.6%	2009
9	Austria	3.17%	2009
10	Belgium	1.67%	2009
11	Denmark	1.11%	2009
12	Canada	0.886%	2009
13	South Korea	0.614%	2009
	Group of 7 countries (G7) average (profile)	0.075%	2009
	High income OECD countries average (profile)	-0.522%	2009
14	Mexico	-1.001%	2009
15	France	-1.18%	2009
16	Czech Republic	-1.774%	2009
17	Italy	-2.434%	2009
18	United Kingdom	-3.752%	2009
19	Poland	-4.769%	2009
20	United States	-5.321%	2009
21	Slovakia	-5.326%	2009
22	Ireland	-5.399%	2009
23	Turkey	-5.736%	2009
24	Australia	-6.059%	2009
25	Hungary	-6.43%	2009
26	New Zealand	-8.093%	2009
27	Portugal	-9.512%	2009
28	Spain	-10.081%	2009
29	Greece	-14.295%	2009
30	Iceland	-15.618%	2009

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