Australia - Current Account Balance 1998
-4.44%
−1.52% from 1997
Australia's current account balance was -4.44% in 1998, decreased +1.52% from -2.73% in 1997. This was the 83rd highest globally.
Global Ranking - 1998▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Eritrea | -39.27% | -676.2% |
| 2nd | Turkmenistan | -35.04% | -51.0% |
| 3rd | Azerbaijan | -30.69% | -44.7% |
| 4th | Lebanon | -29.92% | 7.7% |
| 5th | Angola | -28.70% | -300.9% |
| 6th | West Bank and Gaza | -25.53% | 18.8% |
| 7th | Qatar | -25.46% | 17.5% |
| 8th | Micronesia, Federated States of | -25.16% | 19.2% |
| 9th | St. Vincent and the Grenadines | -24.70% | -6.6% |
| 10th | Kyrgyz Republic | -22.11% | -182.3% |
| 11th | Armenia | -21.98% | -13.8% |
| 12th | Lesotho | -21.89% | 20.6% |
| 13th | Oman | -19.72% | -1,732.5% |
| 14th | Moldova | -19.70% | -38.2% |
| 15th | Kenya | -18.68% | -5,514.4% |
| 16th | Grenada | -18.28% | -3.8% |
| 17th | Seychelles | -16.42% | -39.8% |
| 18th | Zambia | -16.12% | -281.2% |
| 19th | Nicaragua | -14.81% | 22.7% |
| 20th | Bahamas, The | -14.57% | -171.9% |
| 21st | São Tomé and Principe | -14.50% | 1.1% |
| 22nd | Mozambique | -13.94% | -55.3% |
| 23rd | Gabon | -13.28% | -241.8% |
| 24th | Congo, Republic of | -12.34% | -103.4% |
| 25th | St. Kitts and Nevis | -12.08% | 25.1% |
| 26th | Suriname | -11.54% | -65.7% |
| 27th | Lithuania | -11.50% | -19.0% |
| 28th | Cabo Verde | -11.21% | -129.7% |
| 29th | Marshall Islands | -11.17% | 8.9% |
| 30th | Bahrain | -11.06% | -2,616.6% |
| 31st | Trinidad and Tobago | -10.65% | -1.3% |
| 32nd | Latvia | -9.31% | -71.4% |
| 33rd | Panama | -9.10% | -102.1% |
| 34th | Saudi Arabia | -8.95% | -4,962.5% |
| 35th | Tonga | -8.59% | -1,116.4% |
| 36th | Sudan | -8.50% | 20.7% |
| 37th | Estonia | -8.43% | 22.7% |
| 38th | Bosnia and Herzegovina | -8.38% | - |
| 39th | Bolivia, Plurinational State of | -7.84% | -12.2% |
| 40th | Guyana | -7.75% | -50.9% |
| 41st | Myanmar | -7.65% | 12.3% |
| 42nd | Georgia | -7.63% | 40.0% |
| 43rd | Hungary | -7.63% | -88.3% |
| 44th | Ecuador | -7.50% | -324.4% |
| 45th | North Macedonia | -7.44% | 1.7% |
| 46th | Tajikistan | -7.32% | -82.4% |
| 47th | Dominica | -7.15% | 48.7% |
| 48th | Slovak Republic | -7.09% | 19.0% |
| 49th | Iceland | -7.01% | -212.6% |
| 50th | Romania | -7.00% | -30.8% |
| 51st | Ghana | -6.97% | -193.1% |
| 52nd | St. Lucia | -6.86% | 29.8% |
| 53rd | Comoros | -6.85% | -10.2% |
| 54th | Portugal | -6.76% | -10.7% |
| 55th | Mongolia | -6.72% | -207.1% |
| 56th | Belarus | -6.68% | -9.5% |
| 57th | Burkina Faso | -6.61% | 18.3% |
| 58th | Madagascar | -6.57% | -38.9% |
| 59th | Belize | -6.44% | -76.1% |
| 60th | Togo | -6.25% | -33.3% |
| 61st | Central African Republic | -6.09% | -141.4% |
| 62nd | Peru | -6.01% | -0.5% |
| 63rd | Chad | -6.00% | 30.0% |
| 64th | Lao PDR | -5.98% | -4.1% |
| 65th | Antigua and Barbuda | -5.92% | 8.2% |
| 66th | Eswatini | -5.92% | -4,010.3% |
| 67th | Malta | -5.81% | -110.6% |
| 68th | Tanzania | -5.79% | -23.9% |
| 69th | Niger | -5.76% | 0.9% |
| 70th | Cambodia | -5.56% | -527.6% |
| 71st | Kazakhstan | -5.53% | -53.5% |
| 72nd | Uganda | -5.52% | -47.1% |
| 73rd | Burundi | -5.44% | -1,104.0% |
| 74th | Benin | -5.40% | -8.7% |
| 75th | Guatemala | -5.36% | -43.6% |
| 76th | Mali | -5.35% | 4.7% |
| 77th | Croatia | -5.29% | 53.0% |
| 78th | Yemen, Republic of | -5.03% | -1,668.2% |
| 79th | Sierra Leone | -4.94% | -77.9% |
| 80th | Colombia | -4.93% | -9.4% |
| 81st | Argentina | -4.84% | -29.1% |
| 82nd | Chile | -4.78% | -15.3% |
| 83rd | Australia | -4.44% | -51.8% |
| 84th | Brazil | -4.05% | -11.4% |
| 85th | Maldives | -4.05% | 23.9% |
| 86th | Viet Nam | -3.95% | 11.8% |
| 87th | Poland | -3.94% | -8.3% |
| 88th | Costa Rica | -3.81% | -4.5% |
| 89th | Senegal | -3.80% | 17.5% |
| 90th | Jamaica | -3.80% | 1.5% |
| 91st | Barbados | -3.77% | -183.6% |
| 92nd | Fiji | -3.62% | -36.8% |
| 93rd | Pakistan | -3.61% | -2.3% |
| 94th | Rwanda | -3.61% | -24.3% |
| 95th | Guinea-Bissau | -3.56% | 24.0% |
| 96th | Tunisia | -3.10% | 0.4% |
| 97th | Ukraine | -3.09% | -20.2% |
| 98th | Egypt, Arab Republic of | -3.02% | -2,130.1% |
| 99th | Guinea | -2.95% | 36.0% |
| 100th | Mexico | -2.87% | -96.0% |
| 101st | New Zealand | -2.78% | 46.5% |
| 102nd | Greece | -2.71% | 29.3% |
| 103rd | Albania | -2.50% | 81.1% |
| 104th | Honduras | -2.40% | 19.0% |
| 105th | United States | -2.37% | -44.6% |
| 106th | Serbia | -2.35% | 48.4% |
| 107th | Congo, Democratic Republic of | -2.02% | -190.8% |
| 108th | Czechia | -1.95% | 65.9% |
| 109th | Iran, Islamic Republic of | -1.94% | -296.9% |
| 110th | Uruguay | -1.87% | -56.2% |
| 111th | Austria | -1.86% | 27.2% |
| 112th | Algeria | -1.74% | -126.4% |
| 113th | Israel | -1.67% | 51.5% |
| 114th | Côte d'Ivoire | -1.67% | -74.3% |
| 115th | India | -1.64% | -23.8% |
| 116th | Dominican Republic | -1.56% | -91.8% |
| 117th | Sri Lanka | -1.44% | 49.5% |
| 118th | South Africa | -1.44% | -9.4% |
| 119th | Canada | -1.42% | -6.2% |
| 120th | Nepal | -1.38% | -121.7% |
| 121st | Cameroon | -1.33% | 74.0% |
| 122nd | Spain | -1.17% | -75.7% |
| 123rd | Denmark | -1.14% | -186.3% |
| 124th | Aruba | -1.13% | 91.2% |
| 125th | Gambia, The | -1.00% | -102.6% |
| 126th | Zimbabwe | -0.89% | 83.0% |
| 127th | El Salvador | -0.83% | 13.3% |
| 128th | Libya | -0.77% | -164.7% |
| 129th | Nigeria | -0.55% | -366.2% |
| 130th | Uzbekistan | -0.54% | 82.9% |
| 131st | Slovenia | -0.54% | -591.6% |
| 132nd | Germany | -0.47% | -38.0% |
| 133rd | Bulgaria | -0.41% | -103.0% |
| 134th | United Kingdom | -0.32% | -126.8% |
| 135th | Morocco | -0.31% | 83.7% |
| 136th | Malawi | -0.17% | 96.0% |
| 137th | Bangladesh | -0.07% | 95.1% |
| 138th | Norway | 0.00% | -99.9% |
| 139th | Russian Federation | 0.03% | 113.6% |
| 140th | Mauritius | 0.08% | 103.8% |
| 141st | Jordan | 0.18% | -55.1% |
| 142nd | Ireland | 0.36% | -84.5% |
| 143rd | Syrian Arab Republic | 0.38% | -84.6% |
| 144th | Türkiye | 0.72% | 172.0% |
| 145th | Haiti | 0.77% | 192.9% |
| 146th | Papua New Guinea | 1.25% | 119.9% |
| 147th | Paraguay | 1.42% | 125.9% |
| 148th | Italy | 1.58% | -39.1% |
| 149th | Hong Kong SAR, China | 1.70% | 139.0% |
| 150th | Solomon Islands | 1.77% | 145.0% |
| 151st | Philippines | 2.08% | 144.9% |
| 152nd | Vanuatu | 2.20% | 541.8% |
| 153rd | France | 2.52% | -20.2% |
| 154th | Japan | 2.80% | 32.2% |
| 155th | Cyprus | 2.84% | 164.9% |
| 156th | Netherlands | 2.97% | -50.5% |
| 157th | China | 3.03% | -20.5% |
| 158th | Sweden | 3.52% | -7.1% |
| 159th | Botswana | 3.54% | -75.4% |
| 160th | Mauritania | 3.80% | 347.8% |
| 161st | United Arab Emirates | 3.94% | -65.0% |
| 162nd | Namibia | 4.18% | 90.1% |
| 163rd | Indonesia | 4.29% | 394.4% |
| 164th | Belgium | 5.12% | -6.4% |
| 165th | Finland | 5.48% | 15.2% |
| 166th | Samoa | 7.46% | 337.5% |
| 167th | Switzerland | 8.30% | -1.5% |
| 168th | Djibouti | 8.53% | -76.2% |
| 169th | Kuwait | 8.54% | -67.1% |
| 170th | Luxembourg | 8.56% | -14.3% |
| 171st | Bhutan | 9.73% | 93.1% |
| 172nd | Korea | 10.10% | 651.1% |
| 173rd | Thailand | 12.53% | 722.7% |
| 174th | Malaysia | 13.20% | 342.8% |
| 175th | Brunei Darussalam | 14.04% | -18.4% |
| 176th | Faroe Islands | 20.27% | - |
| 177th | Kiribati | 21.33% | 311.3% |
| 178th | Singapore | 21.79% | 40.0% |
FAQ
What was Australia's current account balance in 1998?▾
Australia's current account balance in 1998 was -4.44%. This ranked 83rd globally.
How did Australia's current account balance change in 1998?▾
Australia's current account balance decreased by 51.8% in 1998 compared to 1997.
Which country had the highest current account balance in 1998?▾
Singapore had the highest current account balance in 1998 at 21.79%.
What is the current account balance of Australia in 1998?▾
The current account balance of Australia in 1998 was -4.44%. This ranked 83rd globally.
How does 1998 compare to 1997 for Australia's current account balance?▾
Australia's current account balance went from -2.73% in 1997 to -4.44% in 1998, a 51.8% decrease.
Related
1997
1999
All years
Full ranking 1998
Exports
Imports
Trade Balance
FDI Inflows
FDI Outflows
Peak: 2021
Lowest: 2007
Current Account Balance 1990s
Current Account Balance 2000s
Current Account Balance 2010s
Current Account Balance 2020s
Highest ever
Lowest ever
Average
vs San Marino
vs Sweden
vs Austria
vs Qatar
G20 Current Account Balance
OECD Current Account Balance
Global Ranking