Current account balance (credit less debit), Percent of GDP (Balance) in East African Community (EAC)
East African Community (EAC): Current account balance (credit less debit), Percent of GDP (Balance) was -3.49 in 2027. ▼ Falling
Current account balance (credit less debit), Percent of GDP (Balance) in East African Community (EAC), 2000–2027
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), percent of gdp (balance) in East African Community (EAC) is -3.49, measured in 2027.
That represents a change of up 13.7% on the previous year and up 28.7% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in East African Community (EAC) peaked at -0.5965 in 2003 and was at its lowest, -9.03, in 2014.
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 East African Community (EAC), year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -2.69 | — |
| 2001 | -2.51 | -6.8% |
| 2002 | -1.57 | -37.2% |
| 2003 | -0.5965 | -62.1% |
| 2004 | -1.41 | +135.7% |
| 2005 | -2.09 | +48.4% |
| 2006 | -3.83 | +83.5% |
| 2007 | -4.88 | +27.6% |
| 2008 | -5.83 | +19.3% |
| 2009 | -5.19 | -11.0% |
| 2010 | -6.34 | +22.3% |
| 2011 | -8.75 | +37.9% |
| 2012 | -8.52 | -2.7% |
| 2013 | -8.39 | -1.5% |
| 2014 | -9.03 | +7.6% |
| 2015 | -6.48 | -28.2% |
| 2016 | -4.59 | -29.1% |
| 2017 | -4.9 | +6.6% |
| 2018 | -4.86 | -0.6% |
| 2019 | -3.7 | -23.9% |
| 2020 | -4.78 | +29.2% |
| 2021 | -5.64 | +17.8% |
| 2022 | -6.79 | +20.4% |
| 2023 | -5.09 | -25.0% |
| 2024 | -4.13 | -18.9% |
| 2025 | -3.97 | -3.9% |
| 2026 | -4.05 | +2.0% |
| 2027 | -3.49 | -13.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -3.06 | -5.83 | -0.5965 | 10 |
| 2010s | -6.56 | -9.03 | -3.7 | 10 |
| 2020s | -4.74 | -6.79 | -3.49 | 8 |
Countries ranked near East African Community (EAC)
- 14 South Africa -1.39 compare
- 15 Botswana -1.42 compare
- 16 Democratic Republic of Congo -1.61 compare
- 17 Ethiopia -1.86 compare
- 18 Tanzania -2.12 compare
- 19 Lesotho -2.31 compare
- 20 Equatorial Guinea -2.39 compare
More financial sector data for East African Community (EAC)
Frequently asked questions
- What is current account balance (credit less debit), percent of gdp (balance) in East African Community (EAC)?
- Current account balance (credit less debit), percent of gdp (balance) in East African Community (EAC) was -3.49 in 2027, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in East African Community (EAC)?
- The highest recorded value was -0.5965 in 2003.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in East African Community (EAC)?
- The lowest recorded value was -9.03 in 2014.
- How does East African Community (EAC) rank for current account balance (credit less debit), percent of gdp (balance)?
- East African Community (EAC) ranks 17th out of 19 groups with data for 2027.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in East African Community (EAC)?
- Over the last ten years it is up 28.7%. The long-run trend across the full record is falling.
- Where does this East African Community (EAC) 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.