Balance of payment: Current account

In 2006, Germany experienced a current account surplus to the tune of 5.1% of its GDP, followed by Japan and Korea, which registered a current account surplus of 3.9% and 0.7%, respectively. For 2007, WEO figures suggest that situation is expected to get better for Germany, as the surplus is expected to increase to 5.3%. There might be some relief for the US as its current account deficit is expected to shrink to 6.1% of GDP, while for UK it will increase to 3.1%.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative