The application provides a closed loop current transformer, in which a hall element is positioned in a notch of a magnetic ring and is used for generating an induced voltage according to the magnetic field generated in the magnetic ring by current to be measured. A first compensating coil and a second compensating coil are wound on opposite sides of the magnetic ring in the same winding direction. An input end of the power amplifier circuit is connected with an output end of the hall element, and an output end is connected with the first compensating coil and the second compensating coil respectively. The other ends of the first compensating coil and the second compensating coil are respectively connected with a signal detection circuit, and an output end of the signal detection circuit is used as an output end of the closed loop current transform.