Europe Current Account to GDP Ratio Ranking (2024)
In 2024, Current Account to GDP Ratio in Europe was highest in Norway at 16.70%, followed by Ireland at 16.20% and Denmark at 12.20%. The average ratio across countries in Europe was 2.37%, the median was 1.70%, and Ukraine recorded the lowest ratio at -8.10%, according to data from various central banks.
Data is available for the period 1948 to 2024 across 28 countries.
| Rank | Country | Current Value ↓ | Previous Value | Year |
|---|---|---|---|---|
| 1 | 16.7% | 17.4% | 2024 | |
| 2 | 16.2% | 7% | 2024 | |
| 3 | 12.2% | 11% | 2024 | |
| 4 | 9.1% | 9.4% | 2024 | |
| 5 | 5.9% | 5.8% | 2024 | |
| 6 | 5.8% | 5.5% | 2024 | |
| 7 | 5.1% | 5.3% | 2024 | |
| 8 | 4.5% | 4.8% | 2024 | |
| 9 | 4.3% | 6.8% | 2024 | |
| 10 | 3.2% | 2.7% | 2024 | |
| 11 | 2.9% | 2.5% | 2024 | |
| 12 | 2.2% | 0.6% | 2024 | |
| 13 | 1.8% | -0.1% | 2024 | |
| 14 | 1.6% | 0% | 2024 | |
| 15 | 1.5% | 1.6% | 2024 | |
| 16 | 1.1% | 0.2% | 2024 | |
| 17 | 0.3% | 1.6% | 2024 | |
| 18 | 0.1% | -1% | 2024 | |
| 19 | -0.4% | 0.2% | 2024 | |
| 20 | -0.7% | -0.9% | 2024 | |
| 21 | -0.8% | -3.5% | 2024 | |
| 22 | -1.2% | 0.4% | 2024 | |
| 23 | -2.2% | -3.6% | 2024 | |
| 24 | -2.8% | -0.9% | 2024 | |
| 25 | -7.1% | -6.8% | 2024 | |
| 26 | -7.5% | -7% | 2024 | |
| 27 | -8.1% | -5.7% | 2024 |
Europe Current Account to GDP Ratio Ranking (2024) : Definition
Current Account to GDP Ratio is the balance of trade in goods and services plus net income and transfers, as a share of GDP.