Table of Contents
- 1 Which country has the largest current account surplus?
- 2 Which country has the biggest current account surplus 2020?
- 3 Why does Germany have a high current account surplus?
- 4 What is the UK current account?
- 5 How much money does China have?
- 6 Which countries run a surplus?
- 7 How many countries have a surplus in current account balance?
- 8 Which countries have the largest budget surpluses?
- 9 How did Germany’s current account surplus shrink in 2020?
Which country has the largest current account surplus?
Top 20 economies with the largest surplus
| Rank | Economy | CAB (million US dollars) |
|---|---|---|
| 1 | Germany | 280,238 |
| 2 | Japan | 185,644 |
| 3 | China | 141,335 |
| 4 | Netherlands | 90,207 |
Which country has the biggest current account surplus 2020?
In absolute terms, the United States of America (US$480 billion) and the United Kingdom (US$113 billion) ran the world’s largest current account deficits. Germany (US$275 billion) had the largest absolute surplus, followed by Japan (US$185 billion) and China (US$141 billion).
Why does Germany have a high current account surplus?
Germany’s current account surplus can mainly be attributed to the fact that far more German products and services are sold overseas than imported into Europe’s largest economy. Ifo economist Christian Grimme said the German surplus increased last year to some 7.6\% of gross domestic product (GDP) from 7.3\% in 2018.
Is Germany running a surplus?
Germany’s sustained current-account surplus is not only bad for others in Europe and beyond—it is bad for almost all Germans too. The German economy has been running persistently high current-account surpluses for more than 15 years.
What is China’s current account surplus?
China Current Account recorded a surplus of 80.1 USD bn in Sep 2021, compared with a surplus of 53.3 USD bn in the previous quarter. China Current Account Balance: USD mn data is updated quarterly, available from Mar 1998 to Sep 2021, with an averaged value of 39.7 USD bn.
What is the UK current account?
The current account is made up of the trade in goods and services account, the primary income account and the secondary income account. The difference in the monetary value of these accounts is known as the current account balance.
How much money does China have?
China’s GDP was $15.66 trillion (101.6 trillion yuan) in 2020. The country has natural resources with an estimated worth of $23 trillion, 90\% of which are coal and rare earth metals.
Which countries run a surplus?
Countries With The Highest Budget Surplus vs GDP
| Rank | Country | Surplus (as \% of GDP) |
|---|---|---|
| 1 | Tuvalu | 26.9 \% |
| 2 | Macau | 25.2 \% |
| 3 | Qatar | 16.1 \% |
| 4 | Tonga | 12.4 \% |
What is China’s current account?
What was China’s Current Account Balance in Sep 2021?
| Last | Previous | Min |
|---|---|---|
| 80,100.0 Sep 2021 | 53,302.1 Jun 2021 | -40,453.6 Mar 2020 |
What is England’s biggest export?
Cars
The following is a list of the exports of the United Kingdom.
| # | Product | Value (in millions of USD) |
|---|---|---|
| 1 | Cars | 38,573 |
| 2 | Gas turbines | 26,385 |
| 3 | Crude petroleum | 23,673 |
| 4 | Gold | 23,316 |
How many countries have a surplus in current account balance?
This is a list of countries by current account balance . This is a list of the 19 countries and territories with the largest surplus in current account balance (CAB), based on data from 2017 est. as listed in the CIA World Factbook.
Which countries have the largest budget surpluses?
The World-Leading Budget Surpluses. Countries with the biggest surpluses relative to GDP include Tuvalu and Macau, with surpluses greater than one-quarter of their respective GDPs, as well as Qatar, Tonga, and Palau, which each have one or more surplus dollars for every ten GDP dollars.
How did Germany’s current account surplus shrink in 2020?
BERLIN (Reuters) – Germany’s current account surplus shrank for the fifth year in a row in 2020 as China overtook Europe’s biggest economy during the COVID-19 pandemic to run the world’s largest current account surplus, a survey by the Ifo institute showed on Friday.
Which country has the world’s largest current account deficit?
The United States remained the country with the world’s largest current account deficit which rose roughly by a third to $635 billion in 2020 or 3.1\% of economic output, it showed.