Australia Current Account Balance (% of GDP) (2024)
Australia's Current Account Balance (% of GDP): -2.2 % of GDP in 2024, -1.8pp YoY. World Bank (BN.CAB.XOKA.GD.ZS), 1990–2024.
Australia (2024)
-2.2
% of GDP
-1.8pp YoY
YoY Change
-1.8pp
percentage points
Trend
down
Series length
35
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2024 | -2.2 | -1.8pp |
| 2023 | -0.4 | -0.7pp |
| 2022 | 0.3 | -2.2pp |
| 2021 | 2.4 | +0.8pp |
| 2020 | 1.6 | +1.7pp |
| 2019 | -0.1 | +2.5pp |
| 2018 | -2.6 | +0.4pp |
| 2017 | -3 | +0.6pp |
| 2016 | -3.6 | +0.7pp |
| 2015 | -4.3 | -1.2pp |
| 2014 | -3.1 | +0.2pp |
| 2013 | -3.2 | +1.2pp |
| 2012 | -4.4 | -1.2pp |
| 2011 | -3.3 | +0.7pp |
| 2010 | -4 | +1.2pp |
| 2009 | -5.2 | -0.3pp |
| 2008 | -4.9 | +2.7pp |
| 2007 | -7.6 | -1.4pp |
| 2006 | -6.2 | +0pp |
| 2005 | -6.2 | n/a |
About this Dataset
Australia recorded -2.2 % of GDP in 2024. The most recent year-on-year change was -1.8pp. The historical series (1990–2024) shows a peak of 2.4 in 2021 and a trough of -7.6 in 2007.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks australia current account balance (% of gdp) in Australia, published by World Bank. Data covers 1990–2024 at annual frequency using harmonised methodology.
The most recent observation covers 2024. World Bank typically publishes this series with a lag of several months after the reference period. Data is updated annual.
The series peaked at 2.4 % of GDP in 2021 and reached its lowest recorded value of -7.6 in 2007. The latest reading of -2.2 in 2024 represents a year-on-year change of -1.8pp.