Many African and American economies run current account deficits
Current account balance as a ratio to gross domestic product, percentage, 2025
For many economies in the Americas, Africa, South and South-Eastern Europe, and Oceania, payments made for transactions with other economies exceeded the receipts earned in 2025, leading to negative current account balances. Most economies in Asia recorded current account surpluses or relatively small deficits.
The highest current account surplus relative to gross domestic product (GDP), 40% in 2025, was recorded in Macao (China). Anguilla ranked second, marking a surplus at 31% of its GDP. Thereafter, Tuvalu recorded a 30% surplus, followed by Papua New Guinea with 24%. The highest current account deficits in proportion to GDP were observed in Suriname, Dominica, Timor-Leste, and Kyrgyzstan.
In absolute terms, the United States of America (-$1 177 billion), the United Kingdom (-$125 billion), and Brazil (-$67 billion) ran the world's largest current account deficits in 2025. China recorded the largest absolute surplus (+$735 billion), followed by Germany (+$227 billion), and Japan (+$216 billion).