Current account balance (credit less debit), Percent of GDP (Balance) in Southern African Development Community (SADC)
Southern African Development Community (SADC): Current account balance (credit less debit), Percent of GDP (Balance) was -2.22 in 2027. ◆ Volatile
Current account balance (credit less debit), Percent of GDP (Balance) in Southern African Development Community (SADC), 2000–2027
Source: International Monetary Fund.
Analysis
In 2027, current account balance (credit less debit), percent of gdp (balance) in Southern African Development Community (SADC) stood at -2.22.
The figure is down 7.7% on the previous year and up 2.8% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in Southern African Development Community (SADC) peaked at 1.83 in 2021 and was at its lowest, -5.94, in 2015.
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 Southern African Development Community (SADC), year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -0.0615 | — |
| 2001 | -0.6781 | +1001.8% |
| 2002 | -0.1598 | -76.4% |
| 2003 | -0.9264 | +479.7% |
| 2004 | -1.8 | +94.8% |
| 2005 | -1.07 | -40.8% |
| 2006 | -0.3858 | -63.9% |
| 2007 | -1.25 | +223.9% |
| 2008 | -2.92 | +133.6% |
| 2009 | -4.42 | +51.4% |
| 2010 | -1.32 | -70.1% |
| 2011 | -1.42 | +6.9% |
| 2012 | -3.15 | +122.7% |
| 2013 | -4.27 | +35.3% |
| 2014 | -4.84 | +13.5% |
| 2015 | -5.94 | +22.8% |
| 2016 | -3.44 | -42.2% |
| 2017 | -2.28 | -33.6% |
| 2018 | -2.11 | -7.3% |
| 2019 | -1.78 | -15.8% |
| 2020 | -0.0631 | -96.5% |
| 2021 | 1.83 | -2995.3% |
| 2022 | -1.08 | -159.3% |
| 2023 | -1.75 | +61.3% |
| 2024 | -1.36 | -22.3% |
| 2025 | -1.65 | +21.3% |
| 2026 | -2.06 | +25.1% |
| 2027 | -2.22 | +7.7% |
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP (Balance) in Southern African Development Community (SADC) 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 |
|---|---|---|---|
| 2021 | +2995.3% | -0.0631 | 1.83 |
| 2001 | -1001.8% | -0.0615 | -0.6781 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.37 | -4.42 | -0.0615 | 10 |
| 2010s | -3.06 | -5.94 | -1.32 | 10 |
| 2020s | -1.04 | -2.22 | 1.83 | 8 |
Countries ranked near Southern African Development Community (SADC)
- 10 Chad 0.3151 compare
- 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
More financial sector data for Southern African Development Community (SADC)
All data for Southern African Development Community (SADC) →
Frequently asked questions
- What is current account balance (credit less debit), percent of gdp (balance) in Southern African Development Community (SADC)?
- Current account balance (credit less debit), percent of gdp (balance) in Southern African Development Community (SADC) was -2.22 in 2027, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in Southern African Development Community (SADC)?
- The highest recorded value was 1.83 in 2021.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in Southern African Development Community (SADC)?
- The lowest recorded value was -5.94 in 2015.
- How does Southern African Development Community (SADC) rank for current account balance (credit less debit), percent of gdp (balance)?
- Southern African Development Community (SADC) ranks 13th out of 19 groups with data for 2027.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in Southern African Development Community (SADC)?
- Over the last ten years it is up 2.8%. The long-run trend across the full record is volatile.
- Where does this Southern African Development Community (SADC) 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.