Economy > Trade > Balance of payments > Current account balance of payments per million: 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. Figures expressed per million population for the same year.

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#	COUNTRY	AMOUNT	DATE
1	Luxembourg	19.78%	2009
2	Norway	3.3%	2009
3	Switzerland	1.72%	2009
4	Sweden	0.898%	2009
5	Finland	0.862%	2009
6	Netherlands	0.464%	2009
7	Austria	0.379%	2009
8	Denmark	0.201%	2009
9	Belgium	0.155%	2009
10	Germany	0.0916%	2009
11	Japan	0.0378%	2009
12	Canada	0.0263%	2009
13	South Korea	0.0125%	2009
	Group of 7 countries (G7) average (profile)	0.00271%	2009
14	Mexico	-0.0086%	2009
15	United States	-0.0173%	2009
16	France	-0.0182%	2009
17	Italy	-0.0404%	2009
18	United Kingdom	-0.0607%	2009
19	Turkey	-0.0805%	2009
20	Poland	-0.125%	2009
21	Czech Republic	-0.169%	2009
22	Spain	-0.22%	2009
23	Australia	-0.278%	2009
24	Hungary	-0.642%	2009
25	Portugal	-0.895%	2009
26	Slovakia	-0.983%	2009
	High income OECD countries average (profile)	-1.047%	2009
27	Ireland	-1.211%	2009
28	Greece	-1.267%	2009
29	New Zealand	-1.875%	2009
30	Iceland	-49.035%	2009

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