Current account balance (credit less debit), Percent of GDP (Balance) in SSA low-income countries
SSA low-income countries: Current account balance (credit less debit), Percent of GDP (Balance) was -2.77 in 2027. ▬ Flat
Current account balance (credit less debit), Percent of GDP (Balance) in SSA low-income countries, 2000–2027
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), percent of gdp (balance) in SSA low-income countries is -2.77, measured in 2027. That is the highest value across all 28 years on record.
Compared with earlier readings it is up 23.9% on the previous year and up 52.8% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in SSA low-income countries peaked at -2.77 in 2027 and was at its lowest, -9.44, in 2012.
Current account balance (credit less debit), Percent of GDP (Balance) in SSA low-income countries, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -3.11 | — |
| 2001 | -3.14 | +0.8% |
| 2002 | -4.92 | +56.8% |
| 2003 | -4.06 | -17.6% |
| 2004 | -3.88 | -4.4% |
| 2005 | -4.65 | +19.9% |
| 2006 | -5.25 | +12.9% |
| 2007 | -4.11 | -21.6% |
| 2008 | -6.39 | +55.3% |
| 2009 | -7.61 | +19.1% |
| 2010 | -7.57 | -0.5% |
| 2011 | -6.39 | -15.6% |
| 2012 | -9.44 | +47.9% |
| 2013 | -9.29 | -1.6% |
| 2014 | -8.56 | -7.9% |
| 2015 | -8.95 | +4.6% |
| 2016 | -7.74 | -13.6% |
| 2017 | -5.88 | -24.0% |
| 2018 | -6.44 | +9.5% |
| 2019 | -5.22 | -18.9% |
| 2020 | -5.56 | +6.6% |
| 2021 | -4.3 | -22.7% |
| 2022 | -6.56 | +52.5% |
| 2023 | -5.39 | -17.9% |
| 2024 | -4.56 | -15.3% |
| 2025 | -3.8 | -16.7% |
| 2026 | -3.65 | -4.1% |
| 2027 | -2.77 | -23.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.71 | -7.61 | -3.11 | 10 |
| 2010s | -7.55 | -9.44 | -5.22 | 10 |
| 2020s | -4.57 | -6.56 | -2.77 | 8 |
Countries ranked near SSA low-income countries
- 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
- 18 Tanzania -2.12 compare
- 19 Lesotho -2.31 compare
More financial sector data for SSA low-income countries
Frequently asked questions
- What is current account balance (credit less debit), percent of gdp (balance) in SSA low-income countries?
- Current account balance (credit less debit), percent of gdp (balance) in SSA low-income countries was -2.77 in 2027, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in SSA low-income countries?
- The highest recorded value was -2.77 in 2027.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in SSA low-income countries?
- The lowest recorded value was -9.44 in 2012.
- How does SSA low-income countries rank for current account balance (credit less debit), percent of gdp (balance)?
- SSA low-income countries ranks 16th out of 19 groups with data for 2027.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in SSA low-income countries?
- Over the last ten years it is up 52.8%. The long-run trend across the full record is flat.
- Where does this SSA low-income countries 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.