San Marino Current Account Balance
Current account balance as % of GDP BN.CAB.XOKA.GD.ZS
San Marino's current account balance was 17.49% in 2025, ranked 3rd globally. This represents a 4.6% decrease from 2024. Data from World Bank, covering 2017–2025.
Overview
San Marino's current account balance stood at 17.49% in 2025, a decline of +0.83% from 2024. The IMF projects 17.49% by 2025. San Marino ranked 3rd globally.
San Marino's Current Account Balance has experienced a significant transformation over the past nine years, with its all-time peak of 21.99 in 2023 and trough of -1.39 in 2018. Since 2017, the country's account balance has shifted from a slight deficit of -0.39 to a substantial surplus of 17.49 in 2025, ranking it third globally. This remarkable turnaround places San Marino in the company of other high-performing economies, such as Singapore, which also boasts a current account balance of 17.40. In comparison, San Marino's current account balance has surpassed that of Singapore, while Kuwait's account balance remains significantly higher at 26.53. The rising trend of San Marino's current account balance is likely to continue, with ongoing efforts to strengthen its tourism and financial sectors contributing to its growth prospects. A potential decline in global tourism or economic instability, however, could disrupt this trajectory and alter the country's current account balance trajectory.
Data & projection
| Year | Current Account Balance | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 15.05% | - | - |
| 2029* IMF | 15.35% | - | - |
| 2028* IMF | 16.23% | - | - |
| 2027* IMF | 17.05% | - | - |
| 2026* IMF | 17.76% | - | - |
| 2025* IMF | 17.49% | - | - |
| 2025 | 17.49% | −0.83% | #3 |
| 2024 | 18.32% | −3.67% | #188 |
| 2023 | 21.99% | +8.39% | #192 |
| 2022 | 13.61% | +8.22% | #177 |
| 2021 | 5.40% | +2.61% | #159 |
| 2020 | 2.79% | +0.75% | #149 |
| 2019 | 2.03% | +3.92% | #139 |
| 2018 | -1.89% | −1.50% | #110 |
| 2017 | -0.39% | – | #125 |
Detected Pattern
Analysis
San Marino matched the Export Boom Cycle pattern in 2021. 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
San Marino's current account balance was 17.49% in 2025. Ranked 3rd globally. This represents a 4.6% decrease from the previous year.
San Marino's current account balance peaked at 21.99% in 2023.
The lowest current account balance in San Marino was -1.89% in 2018.
San Marino ranks 3rd globally in current account balance as of 2025.
The World Bank indicator code is BN.CAB.XOKA.GD.ZS. Data sourced from World Bank.
San Marino's current account balance is projected to reach 17.49% by 2025 based on IMF projection.
The current account balance of San Marino in 2025 was 17.49%. This ranks 3rd in the world.
Cite this page
@misc{historysaid_san-marino_current-account,
title = {San Marino Current Account Balance},
url = {https://historysaid.com/san-marino/current-account/},
publisher = {HistorySaid},
year = {2026}
}