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United States - Current Account Balance 1971

Name: United States Current Account Balance 1971
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Current account balance as % of GDP · World Bank

-0.08% −0.33% from 1970 Global rank: 7th

United States's current account balance was -0.08% in 1971, decreased +0.33% from 0.24% in 1970. This was the 7th highest globally.

Global Ranking - 1971▾

Current Account Balance by Country - 1971
Rank	Country	Value	YoY
1st	Barbados	-22.73%	18.2%
2nd	Dominican Republic	-7.76%	-13.2%
3rd	Israel	-7.73%	7.2%
4th	South Africa	-6.36%	-4.6%
5th	Colombia	-5.81%	-42.6%
6th	Canada	-1.04%	-286.3%
7th	United States	-0.08%	-134.5%
8th	Germany	0.04%	-
9th	Malta	0.46%	-
10th	Sweden	0.88%	232.0%
11th	Netherlands	1.17%	132.5%
12th	Italy	1.29%	80.2%
13th	Haiti	1.37%	-
14th	United Kingdom	1.83%	21.6%
15th	Saudi Arabia	13.52%	-

FAQ

What was United States's current account balance in 1971?▾

United States's current account balance in 1971 was -0.08%. This ranked 7th globally.

How did United States's current account balance change in 1971?▾

United States's current account balance decreased by 134.5% in 1971 compared to 1970.

Which country had the highest current account balance in 1971?▾

Saudi Arabia had the highest current account balance in 1971 at 13.52%.

What is the current account balance of United States in 1971?▾

The current account balance of United States in 1971 was -0.08%. This ranked 7th globally.

How does 1971 compare to 1970 for United States's current account balance?▾

United States's current account balance went from 0.24% in 1970 to -0.08% in 1971, a 134.5% decrease.

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