Italy Current Account Balance
Current account balance as % of GDP BN.CAB.XOKA.GD.ZS
Italy's current account balance was 0.97% in 2025, ranked 60th globally. This represents a 10.4% decrease from 2024. Data from World Bank, covering 1970–2025.
Overview
Italy's current account balance stood at 0.97% in 2025, a decline of +0.11% from 2024. The IMF projects 0.97% by 2025. Italy ranked 60th globally.
Italy’s current‑account balance has hovered near breakeven in recent years, registering a surplus of 0.97 % of GDP in 2025, which places the country 60th worldwide. This modest surplus follows a long‑term upward trajectory from an early‑year level of 0.72 % in 1970, yet remains far below the all‑time peak of 3.94 % recorded in 2020, a year when strong export growth and a temporary dip in oil prices bolstered the balance. The 1974 trough of –4.14 % illustrates the volatility that can arise from global oil shocks and domestic demand swings. Compared with peers of similar rank, Italy’s surplus is slightly lower than Hungary’s 1.24 % and comparable to Libya’s 0.94 %, suggesting that structural factors such as productivity and trade openness continue to shape outcomes. Continued improvement in export competitiveness and a sustained reduction in energy import dependence could push the balance higher, reinforcing the modest surplus trend.
Data & projection
| Year | Current Account Balance | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 1.98% | - | - |
| 2029* IMF | 1.81% | - | - |
| 2028* IMF | 1.62% | - | - |
| 2027* IMF | 1.40% | - | - |
| 2026* IMF | 0.95% | - | - |
| 2025* IMF | 0.97% | - | - |
| 2025 | 0.97% | −0.11% | #60 |
| 2024 | 1.08% | +0.94% | #121 |
| 2023 | 0.22% | +1.95% | #116 |
| 2022 | -1.83% | −3.93% | #114 |
| 2021 | 2.04% | −1.72% | #137 |
| 2020 | 3.94% | +0.78% | #159 |
| 2019 | 3.23% | +0.73% | #149 |
| 2018 | 2.57% | +0.13% | #151 |
| 2017 | 2.48% | +0.02% | #151 |
| 2016 | 2.46% | +1.22% | #160 |
| 2015 | 1.23% | −0.52% | #143 |
| 2014 | 1.71% | +0.68% | #141 |
| 2013 | 1.04% | +1.24% | #138 |
| 2012 | -0.22% | +2.53% | #133 |
| 2011 | -2.74% | +0.48% | #103 |
Detected Pattern
Analysis
Italy matched the Export Boom Cycle pattern in 1986. Historically, 71% of countries showing this pattern (546 out of 768) saw current account balance improve within 24 months. View full analysis →
Frequently Asked Questions
Italy's current account balance was 0.97% in 2025. Ranked 60th globally. This represents a 10.4% decrease from the previous year.
Italy's current account balance peaked at 3.94% in 2020.
The lowest current account balance in Italy was -4.14% in 1974.
Italy ranks 60th globally in current account balance as of 2025.
The World Bank indicator code is BN.CAB.XOKA.GD.ZS. Data sourced from World Bank.
Italy's current account balance is projected to reach 0.97% by 2025 based on IMF projection.
The current account balance of Italy in 2025 was 0.97%. This ranks 60th in the world.
Cite this page
@misc{historysaid_italy_current-account,
title = {Italy Current Account Balance},
url = {https://historysaid.com/italy/current-account/},
publisher = {HistorySaid},
year = {2026}
}