Metadata Sub-indicator 17.13.1.1. Saldo por cuenta corriente (%PIB)

Goal
Goal 17. Strengthen the means of implementation and revitalize the global partnership for sustainable development
Target
Target 17.13. Enhance global macroeconomic stability, including through policy coordination and policy coherence
Indicator
Indicator 17.13.1. Macroeconomic Dashboard
Sub-indicator
Sub-indicator 17.13.1.1. Current balance account (% of GDP)
Type of indicator (global, European, national)
  • Global
Definition
The current account balance (%GDP) represents the surplus or deficit of the total economy in its current operations (exchanges of goods and services, primary income and current transfers) with the rest of the world in proportion to GDP at current prices.
Calculation method

\[ \text{Sdo_Cta_Cte}^{t}(\% PIB)=\frac{\text{Sdo_Cta_Cte}^{t}}{PIB^{t}} \cdot 100 \]Where: \(\text{Sdo_Cta_Cte}^{t}\)is the current account balance of the total economy in year t and \(PIB^{t}\)is the gross domestic product at current prices in year t.

Unit of measure
Percentage
Periodicity
Annual
Disaggregated data(Gender, age, region in Spain, other)
Tier
Tier I
Come from National Statistics Plan (YES/NO)
Yes
Statistical operation
Quarterly non-financial accounts for the institutional sectors (Código IOE: 30026)
Responsible institution
INE
Date of the last metadata update
15/12/2021
Link to United Nations metadata
Custody agency
World Bank
Observations