Countries with the Largest External Balance (% GDP) (2025)
Source: World Bank·25 countries·Updated 2025
A positive external balance means a country exports more than it imports. {#1} leads at {#1_value} of GDP.
Macao SAR, China leads with external balance on goods & services (% of GDP) of 45.4%.
Ireland ranks #2 at 40.2%.
Qatar ranks #3 at 37.0%.
Singapore ranks #4 at 35.4%.
Luxembourg ranks #5 at 31.2%.
Top 25 Countries by External Balance on Goods & Services (% of GDP)
| # | Country | External Balance on Goods & Services (% of GDP) | Year |
|---|---|---|---|
| 1 |  Macao SAR, China | 45.4% | 2025 |
| 2 |  Ireland | 40.2% | 2025 |
| 3 |  Qatar | 37.0% | 2022 |
| 4 |  Singapore | 35.4% | 2025 |
| 5 |  Luxembourg | 31.2% | 2025 |
| 6 |  San Marino | 31.0% | 2023 |
| 7 |  Bermuda | 30.1% | 2024 |
| 8 |  Gabon | 26.1% | 2025 |
| 9 |  Brunei Darussalam | 19.5% | 2025 |
| 10 |  Malta | 19.2% | 2025 |
| 11 |  Equatorial Guinea | 18.1% | 2025 |
| 12 |  Kuwait | 17.5% | 2024 |
| 13 |  Bahrain | 17.5% | 2024 |
| 14 |  Oman | 17.3% | 2024 |
| 15 |  Djibouti | 14.7% | 2025 |
| 16 |  United Arab Emirates | 14.6% | 2023 |
| 17 |  Cayman Islands | 13.8% | 2020 |
| 18 |  Chad | 12.7% | 2025 |
| 19 |  Norway | 11.7% | 2025 |
| 20 |  Angola | 11.3% | 2025 |
| 21 |  Netherlands | 11.2% | 2025 |
| 22 |  Denmark | 11.0% | 2025 |
| 23 |  Switzerland | 8.9% | 2025 |
| 24 |  Peru | 8.1% | 2025 |
| 25 |  Aruba | 7.8% | 2024 |
Data from 185 countries is available. View full rankings →
FAQ
What is the highest external balance on goods & services (% of GDP) in 2025?
Macao SAR, China has the highest external balance on goods & services (% of GDP) at 45.4% in 2025.
How many countries are included in this ranking?
This article features the top 25 countries out of 185 with available data. Full rankings available on the indicator page.
Where does this data come from?
Data is sourced from the World Bank. It is updated regularly as new releases become available.