# The Current Account Balance (% of GDP)
The Current Account Balance (% of GDP) is an economic indicator that represents a country's current account balance as a percentage of its **Gross Domestic Product (GDP)**.
This balance is a vital component of a country's **balance of payments**, reflecting the net flow of **goods, services, income, and current transfers** into or out of the country.
The chart shows the current account balance as a percentage of GDP for **Morocco** over a **23-year period**, from **2000 to 2022**.