Current account balance (credit less debit), Percent of GDP (Balance) in SSA oil-exporting countries
SSA oil-exporting countries: Current account balance (credit less debit), Percent of GDP (Balance) was 1.06 in 2027. ◆ Volatile
Current account balance (credit less debit), Percent of GDP (Balance) in SSA oil-exporting countries, 2000–2027
Source: International Monetary Fund.
Analysis
SSA oil-exporting countries recorded 1.06 for current account balance (credit less debit), percent of gdp (balance) in 2027.
Compared with earlier readings it is down 64.2% on the previous year and down 16.7% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in SSA oil-exporting countries peaked at 13.27 in 2005 and was at its lowest, -3.74, 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 SSA oil-exporting countries, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 7.28 | — |
| 2001 | 0.4409 | -93.9% |
| 2002 | -0.5037 | -214.2% |
| 2003 | 1.03 | -303.9% |
| 2004 | 7.22 | +602.7% |
| 2005 | 13.27 | +83.9% |
| 2006 | 11.8 | -11.1% |
| 2007 | 8.13 | -31.1% |
| 2008 | 6.46 | -20.5% |
| 2009 | 0.4543 | -93.0% |
| 2010 | 2.74 | +503.5% |
| 2011 | 3.53 | +28.8% |
| 2012 | 3.51 | -0.5% |
| 2013 | 2.76 | -21.6% |
| 2014 | -0.455 | -116.5% |
| 2015 | -3.74 | +721.2% |
| 2016 | -1.09 | -70.8% |
| 2017 | 1.27 | -216.6% |
| 2018 | 1.96 | +54.5% |
| 2019 | -1.08 | -155.0% |
| 2020 | -2.29 | +111.7% |
| 2021 | 0.7821 | -134.2% |
| 2022 | 1.87 | +139.5% |
| 2023 | 1.04 | -44.3% |
| 2024 | 4.89 | +368.6% |
| 2025 | 1.94 | -60.4% |
| 2026 | 2.96 | +52.7% |
| 2027 | 1.06 | -64.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.56 | -0.5037 | 13.27 | 10 |
| 2010s | 0.9418 | -3.74 | 3.53 | 10 |
| 2020s | 1.53 | -2.29 | 4.89 | 8 |
Countries ranked near SSA oil-exporting countries
- 1 Eritrea 12.99 compare
- 2 Ghana 9.48 compare
- 3 Burkina Faso 8.43 compare
- 4 South Sudan 4.85 compare
- 5 Zimbabwe 3.47 compare
More financial sector data for SSA oil-exporting countries
Frequently asked questions
- What is current account balance (credit less debit), percent of gdp (balance) in SSA oil-exporting countries?
- Current account balance (credit less debit), percent of gdp (balance) in SSA oil-exporting countries was 1.06 in 2027, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in SSA oil-exporting countries?
- The highest recorded value was 13.27 in 2005.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in SSA oil-exporting countries?
- The lowest recorded value was -3.74 in 2015.
- How does SSA oil-exporting countries rank for current account balance (credit less debit), percent of gdp (balance)?
- SSA oil-exporting countries ranks 2nd out of 19 groups with data for 2027.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in SSA oil-exporting countries?
- Over the last ten years it is down 16.7%. The long-run trend across the full record is volatile.
- Where does this SSA oil-exporting 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.