The external balance on goods and services indicates a country’s net exports. In 2021, Algeria, Spain, Italy, Cyprus, Israel, Slovenia, and Malta achieved positive external balances, varying from 0.2% in Algeria to 14% in Malta (% of GDP). The remaining Mediterranean countries had negative external balances on goods and services as a percentage of their GDP.
Note: Analysis produced by Alma Economics, based on the most recent available World Bank data. Some indicators reflect pre-pandemic trends. Data gaps identified highlight the need to systematically collect quality data to inform decision-making.
For more information and to explore data relating to the Mediterranean, visit www.mgi.online