Current Account Balance: San Marino
San Marino's current account balance is currently 17.8 % of GDP as of 2026. # San Marino Current Account Balance San Marino's current account balance stands at 17.
Current (2026)
17.8 % of GDP
+1.7% y/y
Peak (2023)
22 % of GDP
Low (2018)
-1.9 % of GDP
Source
IMF World Economic Outlook
2017–2026 · 14 pts
Current Account Balance — San Marino
2017 — 2026
Current Account Balance — San Marino
Analysis# San Marino Current Account Balance
San Marino's current account balance stands at 17.8% of GDP in 2026, reflecting a dramatically improved external position compared to its 2018 low of -1.9% of GDP. The microstate has climbed steadily from a deficit position, achieving its peak of 22% of GDP in 2023. Since 2017, the overall trajectory represents a 4,550% positive shift, marking one of the most significant reversals in the country's recent economic history.
The most striking turning point occurred between 2018 and 2023, when San Marino swung from persistent deficits to exceptional surpluses. The acceleration began in earnest around 2021 (5.4% of GDP) and culminated in the 2023 peak. While the current account has moderated slightly from that pinnacle—declining to 18.3% in 2024 and 17.5% in 2025—the 2026 projection of 17.8% suggests stabilization at elevated levels well above historical norms.
Historical Data
14 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 15.1 % of GDP | -1.95% |
| 2029 | 15.4 % of GDP | -4.94% |
| 2028 | 16.2 % of GDP | -4.71% |
| 2027 | 17 % of GDP | -4.49% |
| 2026 | 17.8 % of GDP | +1.71% |
| 2025 | 17.5 % of GDP | -4.37% |
| 2024 | 18.3 % of GDP | -16.82% |
| 2023 | 22 % of GDP | +61.76% |
| 2022 | 13.6 % of GDP | +151.85% |
| 2021 | 5.4 % of GDP | +92.86% |
| 2020 | 2.8 % of GDP | +40.00% |
| 2019 | 2 % of GDP | +205.26% |
| 2018 | -1.9 % of GDP | -375.00% |
| 2017 | -0.4 % of GDP | — |
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