The dataset is a sample, part of the Global Economic Monitor dataset within World Trend Plus database.
Current Account Balance expressed as a percentage of Nominal Gross Domestic Product (GDP) is an important indicator that measures the macroeconomic fundamentals of an economy and its resilience to external shocks. It sheds light on the extent of activity in a country's industrial, capital and services sectors, as well as the flow of funds to and from abroad.
Since this indicator is deflated by the economy's nominal GDP, it is adjusted for the size of the economy and therefore facilitates a cross-country comparison of current account balances of different countries.
Data Characteristics
The indicator is presented in quarterly and annual frequencies wherever it is available from national sources. If annual frequency data not available from national sources, CEIC will calculate the annual data by using monthly data. Monthly frequency can be used only if the indicator is taken directly from prime source. If the raw data series is not available from prime sources, CEIC will calculate the indicator as Current Account Balance divided by Nominal GDP.
Standardized Unit of Measurement
Percentage is the standardized unit of measurement used. This indicator represents the percentage share of an economy's Current Account Balance relative to its Nominal GDP.
Sources
Generally, Central Banks or National Statistical Institutes are the sources for Current Account Balance whilst National Statistical Institutes are the source for Nominal GDP.
Tables:
Current Account Balance: % of Nominal GDP: Quarterly
Current Account Balance: % of Nominal GDP: Annual
Current Account Balance: USD: Quarterly
Current Account Balance: % of Nominal GDP: Quarterly: Seasonally Adjusted
Current Account Balance: USD: Monthly
Current Account Balance: USD: Quarterly: Seasonally Adjusted
Current Account Balance: USD: Monthly: Seasonally Adjusted
WORLD TREND PLUS DATABASE:
Designed to be a single access point for benchmarking and reference data, CEIC World Trend Plus Database provides robust and in-depth insights into the performance of global economies
Content:
Easy Cross-Country Comparison via Global Economic Monitor and ASEAN Economic Monitor, offering a series of normalized data with extended history
CEIC Leading indicators and S&P Headline Purchasing Managers’ Indices providing an insight into future economic development
Country and Regional Macroeconomic Forecasts sourced from large international institutions such as IMF, World Bank and United Nations, as well as FocusEconomics Consensus Estimates coming from market participants
Major Commodity prices and indices, supply and demand metrics, as well as forecasts for Americas, MENA and Asia
Clear picture of the latest industry trends through International Associations data from sources such as Bank of International Settlement, OPEC, UNCTAD etc.