8  BIS Review 99/2007  Current account balances (Billions of U.S. dollars) Country or region  1996  2000  2004  2005  2006  31.1  -304.7  -296.5  -502.5  -607.3  -124.8  -417.4  -640.2  -754.8  -811.5  Japan  65.7  119.6  172.1  165.7  170.4  Euro area 1  77.3  -37.0  115.0  22.2  -11.1  France  23.4  22.3  10.5  -19.5  -28.3  Germany  -14.0  -32.6  118.0  128.4  146.4  Italy  36.8  -6.2  -15.5  -28.4  -41.6  Spain  -1.4  -23.1  -54.9  -83.0  -108.0  Other  12.9  30.0  56.6  64.4  45.0  Australia  -15.4  -14.9  -38.5  -41.2  -40.9  Canada  3.4  19.7  21.3  26.3  21.5  Switzerland  22.0  30.7  50.4  61.4  69.8  United Kingdom  -10.5  -37.6  -35.4  -53.7  -88.3  Memo: Industrial excl.
United States  155.9  112.7  343.7  252.3  204.2  Developing  -82.8  124.7  296.5  507.9  643.2  Asia  -40.2  77.0  172.4  245.1  352.1  China  7.2  20.5  68.7  160.8  249.9  Hong Kong  -4.0  7.0  15.7  20.3  20.6  Industrial United States  BIS Review 99/2007  9  Korea  -23.1  12.3  28.2  15.0  6.1  Taiwan  10.9  8.9  18.5  16.0  24.7  Thailand  -14.4  9.3  2.8  -7.9  3.2  Latin America  -39.1  -48.1  20.4  34.6  48.7  Argentina  -6.8  -9.0  3.2  3.5  5.2  Brazil  -23.5  -24.2  11.7  14.2  13.6  Mexico  -2.5  -18.7  -6.7  -4.9  -1.5  Middle East  15.1  72.1  99.2  189.0  212.4  Africa  -5.2  7.2  0.6  14.6  19.9  Eastern Europe  -18.5  -31.8  -58.6  -63.2  -88.9  5.2  48.3  62.6  87.7  99.0  Memo: Developing Asia excl.