Current account balance (credit less debit), Percent of GDP (Balance) in Economic Community of West African States (ECOWAS)
Economic Community of West African States (ECOWAS): Current account balance (credit less debit), Percent of GDP (Balance) was 1.84 in 2027. ◆ Volatile
Current account balance (credit less debit), Percent of GDP (Balance) in Economic Community of West African States (ECOWAS), 2000–2027
Source: International Monetary Fund.
Analysis
In 2027, current account balance (credit less debit), percent of gdp (balance) in Economic Community of West African States (ECOWAS) stood at 1.84.
The figure is down 47.3% on the previous year and up 116.2% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in Economic Community of West African States (ECOWAS) peaked at 10.64 in 2005 and was at its lowest, -3.31, in 2020.
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 Economic Community of West African States (ECOWAS), year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4.08 | — |
| 2001 | 0.7987 | -80.4% |
| 2002 | 0.4852 | -39.3% |
| 2003 | 1.19 | +145.5% |
| 2004 | 5.83 | +389.3% |
| 2005 | 10.64 | +82.5% |
| 2006 | 8.54 | -19.7% |
| 2007 | 4.65 | -45.6% |
| 2008 | 3.69 | -20.7% |
| 2009 | 2.03 | -44.8% |
| 2010 | 1.24 | -39.1% |
| 2011 | 0.5937 | -52.1% |
| 2012 | 0.7674 | +29.3% |
| 2013 | 0.8759 | +14.1% |
| 2014 | -0.8137 | -192.9% |
| 2015 | -2.79 | +243.5% |
| 2016 | -0.4884 | -82.5% |
| 2017 | 0.852 | -274.4% |
| 2018 | -0.4654 | -154.6% |
| 2019 | -2.58 | +454.6% |
| 2020 | -3.31 | +28.2% |
| 2021 | -1.56 | -52.7% |
| 2022 | -1.75 | +11.8% |
| 2023 | -1.71 | -2.4% |
| 2024 | 0.923 | -154.0% |
| 2025 | 1.97 | +113.2% |
| 2026 | 3.5 | +77.7% |
| 2027 | 1.84 | -47.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.19 | 0.4852 | 10.64 | 10 |
| 2010s | -0.2816 | -2.79 | 1.24 | 10 |
| 2020s | -0.0128 | -3.31 | 3.5 | 8 |
Countries ranked near Economic Community of West African States (ECOWAS)
- 1 Eritrea 12.99 compare
- 2 Ghana 9.48 compare
- 3 Burkina Faso 8.43 compare
- 4 South Sudan 4.85 compare
More financial sector data for Economic Community of West African States (ECOWAS)
All data for Economic Community of West African States (ECOWAS) →
Frequently asked questions
- What is current account balance (credit less debit), percent of gdp (balance) in Economic Community of West African States (ECOWAS)?
- Current account balance (credit less debit), percent of gdp (balance) in Economic Community of West African States (ECOWAS) was 1.84 in 2027, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in Economic Community of West African States (ECOWAS)?
- The highest recorded value was 10.64 in 2005.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in Economic Community of West African States (ECOWAS)?
- The lowest recorded value was -3.31 in 2020.
- How does Economic Community of West African States (ECOWAS) rank for current account balance (credit less debit), percent of gdp (balance)?
- Economic Community of West African States (ECOWAS) ranks 1st out of 19 groups with data for 2027.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in Economic Community of West African States (ECOWAS)?
- Over the last ten years it is up 116.2%. The long-run trend across the full record is volatile.
- Where does this Economic Community of West African States (ECOWAS) 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.