Current account balance (credit less debit), Percent of GDP (Balance) in CFA franc zone
CFA franc zone: Current account balance (credit less debit), Percent of GDP (Balance) was -2.66 in 2027. ◆ Volatile
Current account balance (credit less debit), Percent of GDP (Balance) in CFA franc zone, 2000–2027
Source: International Monetary Fund.
Analysis
In 2027, current account balance (credit less debit), percent of gdp (balance) in CFA franc zone stood at -2.66.
Compared with earlier readings it is down 11.7% on the previous year and up 39.2% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in CFA franc zone peaked at 0.6264 in 2006 and was at its lowest, -7.17, in 2016.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Percent of GDP (Balance) in CFA franc zone, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -0.6076 | — |
| 2001 | -2.99 | +392.2% |
| 2002 | -3.48 | +16.3% |
| 2003 | -2.71 | -22.0% |
| 2004 | -1.6 | -40.9% |
| 2005 | -1.09 | -32.1% |
| 2006 | 0.6264 | -157.6% |
| 2007 | 0.0242 | -96.1% |
| 2008 | 0.4604 | +1800.2% |
| 2009 | -3.94 | -956.9% |
| 2010 | -2.59 | -34.3% |
| 2011 | 0.4542 | -117.5% |
| 2012 | -0.7219 | -258.9% |
| 2013 | -2.18 | +201.6% |
| 2014 | -2.75 | +26.5% |
| 2015 | -6.75 | +145.0% |
| 2016 | -7.17 | +6.3% |
| 2017 | -4.37 | -39.0% |
| 2018 | -2.71 | -38.1% |
| 2019 | -3.15 | +16.2% |
| 2020 | -2.88 | -8.7% |
| 2021 | -3.32 | +15.3% |
| 2022 | -4.5 | +35.8% |
| 2023 | -6.73 | +49.5% |
| 2024 | -4.09 | -39.2% |
| 2025 | -2.22 | -45.7% |
| 2026 | -2.38 | +7.2% |
| 2027 | -2.66 | +11.7% |
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP (Balance) in CFA franc zone changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +1800.2% | 0.0242 | 0.4604 |
| 2009 | -956.9% | 0.4604 | -3.94 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.53 | -3.94 | 0.6264 | 10 |
| 2010s | -3.19 | -7.17 | 0.4542 | 10 |
| 2020s | -3.6 | -6.73 | -2.22 | 8 |
Countries ranked near CFA franc zone
- 12 Eswatini -0.4966 compare
- 13 Cape Verde -1.23 compare
- 14 South Africa -1.39 compare
- 15 Botswana -1.42 compare
- 16 Congo, Democratic Republic of the -1.61 compare
- 17 Ethiopia -1.86 compare
- 18 Tanzania, United Republic of -2.12 compare
More financial sector data for CFA franc zone
Frequently asked questions
- What is current account balance (credit less debit), percent of gdp (balance) in CFA franc zone?
- Current account balance (credit less debit), percent of gdp (balance) in CFA franc zone was -2.66 in 2027, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in CFA franc zone?
- The highest recorded value was 0.6264 in 2006.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in CFA franc zone?
- The lowest recorded value was -7.17 in 2016.
- How does CFA franc zone rank for current account balance (credit less debit), percent of gdp (balance)?
- CFA franc zone ranks 15th out of 19 groups with data for 2027.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in CFA franc zone?
- Over the last ten years it is up 39.2%. The long-run trend across the full record is volatile.
- Where does this CFA franc zone data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
Sub-Saharan Africa Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in sub-Saharan Africa. Data for the REO for sub-Saharan Africa are prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall.