Data speak louder than politicians.
countries
trade-surplus GDP trade/surplus/GDP (‰)
Kuwait
48.039 148,024 0.324535211
Saudi Arabia
95.762 369,179 0.259391786
Algeria
30.6 140,577 0.217674299
Singapore
39.157 182,232 0.214874446
Iran
70.797 331,015 0.213878525
Norway
59.983 381,766 0.157119806
Malaysia
29.181 191,601 0.152300875
United Arab Emirates
39.113 261,348 0.149658693
Hong Kong
28.038 215,355 0.13019433
Sweden
38.797 406,072 0.09554217
Republic of China (Taiwan)
32.979 379,000 0.087015831
Netherlands
52.522 792,128 0.066304941
Russia
76.163 1,230,726 0.061884611
People's Republic of China
296.2 4,909,280
0.060334713
Switzerland
28.776 500,260 0.057522089
Germany
109.7 3346702 0.032778538
Japan
131.2 5067526 0.025890346
This is the link to the list of countries by current account balance (CAB) (http://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance), and it shows that China holds the biggest CAB in the world.
ReplyDeleteOn the other hand, this is the link to the list of countries by current account balance as percentage of GDP (http://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance_as_a_percentage_of_GDP), from which China gets No.34 ranking.
These two sets of data can suggest something in consideration of the huge samples included though data comes from different years: 2006 versus 2007, and wikipedia is not an orthodox database.