Current account balance (credit less debit), Percent of GDP (Balance) in Common Market for Eastern and Southern Africa (COMESA)
Common Market for Eastern and Southern Africa (COMESA): Current account balance (credit less debit), Percent of GDP (Balance) was -2.54 in 2027. ▼ Falling
Current account balance (credit less debit), Percent of GDP (Balance) in Common Market for Eastern and Southern Africa (COMESA), 2000–2027
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), percent of gdp (balance) in Common Market for Eastern and Southern Africa (COMESA) is -2.54, measured in 2027.
The figure is up 18.7% on the previous year and up 49.1% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in Common Market for Eastern and Southern Africa (COMESA) peaked at -0.9086 in 2003 and was at its lowest, -6.44, in 2013.
The long-run direction has been consistently falling across the 28 years of available data.
Current account balance (credit less debit), Percent of GDP (Balance) in Common Market for Eastern and Southern Africa (COMESA), year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -1.51 | — |
| 2001 | -1.32 | -12.4% |
| 2002 | -1.68 | +27.2% |
| 2003 | -0.9086 | -45.8% |
| 2004 | -1.62 | +78.8% |
| 2005 | -2.91 | +79.2% |
| 2006 | -3.51 | +20.4% |
| 2007 | -3.02 | -13.9% |
| 2008 | -5.48 | +81.6% |
| 2009 | -5.51 | +0.6% |
| 2010 | -5.62 | +1.9% |
| 2011 | -5.79 | +3.1% |
| 2012 | -5.41 | -6.5% |
| 2013 | -6.44 | +19.0% |
| 2014 | -6.01 | -6.6% |
| 2015 | -6.07 | +0.9% |
| 2016 | -5.41 | -10.8% |
| 2017 | -5 | -7.7% |
| 2018 | -4.34 | -13.2% |
| 2019 | -3.49 | -19.6% |
| 2020 | -3.74 | +7.2% |
| 2021 | -3.54 | -5.3% |
| 2022 | -4.62 | +30.4% |
| 2023 | -4.21 | -8.8% |
| 2024 | -4.27 | +1.4% |
| 2025 | -3.26 | -23.8% |
| 2026 | -3.13 | -3.9% |
| 2027 | -2.54 | -18.7% |
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP (Balance) in Common Market for Eastern and Southern Africa (COMESA) 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 | -81.6% | -3.02 | -5.48 |
| 2005 | -79.2% | -1.62 | -2.91 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.75 | -5.51 | -0.9086 | 10 |
| 2010s | -5.36 | -6.44 | -3.49 | 10 |
| 2020s | -3.66 | -4.62 | -2.54 | 8 |
Countries ranked near Common Market for Eastern and Southern Africa (COMESA)
- 11 Guinea 0.0803 compare
- 12 Eswatini -0.4966 compare
- 13 Cape Verde -1.23 compare
- 14 South Africa -1.39 compare
- 15 Botswana -1.42 compare
- 16 Democratic Republic of Congo -1.61 compare
- 17 Ethiopia -1.86 compare
More financial sector data for Common Market for Eastern and Southern Africa (COMESA)
All data for Common Market for Eastern and Southern Africa (COMESA) →
Frequently asked questions
- What is current account balance (credit less debit), percent of gdp (balance) in Common Market for Eastern and Southern Africa (COMESA)?
- Current account balance (credit less debit), percent of gdp (balance) in Common Market for Eastern and Southern Africa (COMESA) was -2.54 in 2027, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in Common Market for Eastern and Southern Africa (COMESA)?
- The highest recorded value was -0.9086 in 2003.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in Common Market for Eastern and Southern Africa (COMESA)?
- The lowest recorded value was -6.44 in 2013.
- How does Common Market for Eastern and Southern Africa (COMESA) rank for current account balance (credit less debit), percent of gdp (balance)?
- Common Market for Eastern and Southern Africa (COMESA) ranks 14th out of 19 groups with data for 2027.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in Common Market for Eastern and Southern Africa (COMESA)?
- Over the last ten years it is up 49.1%. The long-run trend across the full record is falling.
- Where does this Common Market for Eastern and Southern Africa (COMESA) 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.