Euro area - External balance on goods and services

External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Euro area was 3.72 as of 2020. Its highest value over the past 50 years was 4.46 in 2015, while its lowest value was -3.07 in 1980.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1970 -0.63
1971 -0.38
1972 -0.13
1973 -0.51
1974 -1.52
1975 -0.76
1976 -1.62
1977 -1.15
1978 -0.33
1979 -1.32
1980 -3.07
1981 -2.38
1982 -2.02
1983 -1.13
1984 -0.66
1985 -0.56
1986 0.43
1987 -0.19
1988 -0.32
1989 -0.66
1990 -0.52
1991 -0.51
1992 -0.25
1993 1.13
1994 1.28
1995 1.47
1996 1.72
1997 2.13
1998 1.86
1999 1.30
2000 0.77
2001 1.47
2002 2.47
2003 1.99
2004 2.19
2005 1.62
2006 1.29
2007 1.52
2008 1.17
2009 1.68
2010 1.55
2011 1.63
2012 2.94
2013 3.52
2014 3.86
2015 4.46
2016 4.40
2017 4.34
2018 4.03
2019 3.38
2020 3.72

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts