Current account balance (credit less debit), Percent of GDP (Balance) in SSA oil-importing countries excluding South Africa
SSA oil-importing countries excluding South Africa: Current account balance (credit less debit), Percent of GDP (Balance) was -2.07 in 2027. ▼ Falling
Current account balance (credit less debit), Percent of GDP (Balance) in SSA oil-importing countries excluding South Africa, 2000–2027
Source: International Monetary Fund.
Analysis
In 2027, current account balance (credit less debit), percent of gdp (balance) in SSA oil-importing countries excluding South Africa stood at -2.07.
That represents a change of up 15.6% on the previous year and up 56.9% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in SSA oil-importing countries excluding South Africa peaked at -1.3 in 2003 and was at its lowest, -7.68, in 2013.
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 SSA oil-importing countries excluding South Africa, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -2.34 | — |
| 2001 | -2.03 | -13.5% |
| 2002 | -1.61 | -20.4% |
| 2003 | -1.3 | -19.2% |
| 2004 | -2.05 | +57.6% |
| 2005 | -2.66 | +29.5% |
| 2006 | -2.3 | -13.5% |
| 2007 | -3.34 | +45.0% |
| 2008 | -5.85 | +75.4% |
| 2009 | -5.19 | -11.3% |
| 2010 | -5.7 | +9.8% |
| 2011 | -6.23 | +9.3% |
| 2012 | -7.62 | +22.3% |
| 2013 | -7.68 | +0.8% |
| 2014 | -6.76 | -11.9% |
| 2015 | -6.98 | +3.2% |
| 2016 | -5.8 | -16.9% |
| 2017 | -4.79 | -17.4% |
| 2018 | -5.19 | +8.3% |
| 2019 | -4.16 | -19.9% |
| 2020 | -4.39 | +5.6% |
| 2021 | -4.33 | -1.4% |
| 2022 | -6.42 | +48.1% |
| 2023 | -5.41 | -15.7% |
| 2024 | -4.48 | -17.2% |
| 2025 | -2.42 | -46.0% |
| 2026 | -2.45 | +1.3% |
| 2027 | -2.07 | -15.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.87 | -5.85 | -1.3 | 10 |
| 2010s | -6.09 | -7.68 | -4.16 | 10 |
| 2020s | -4 | -6.42 | -2.07 | 8 |
Countries ranked near SSA oil-importing countries excluding South Africa
More financial sector data for SSA oil-importing countries excluding South Africa
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Frequently asked questions
- What is current account balance (credit less debit), percent of gdp (balance) in SSA oil-importing countries excluding South Africa?
- Current account balance (credit less debit), percent of gdp (balance) in SSA oil-importing countries excluding South Africa was -2.07 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-importing countries excluding South Africa?
- The highest recorded value was -1.3 in 2003.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in SSA oil-importing countries excluding South Africa?
- The lowest recorded value was -7.68 in 2013.
- How does SSA oil-importing countries excluding South Africa rank for current account balance (credit less debit), percent of gdp (balance)?
- SSA oil-importing countries excluding South Africa ranks 12th 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-importing countries excluding South Africa?
- Over the last ten years it is up 56.9%. The long-run trend across the full record is falling.
- Where does this SSA oil-importing countries excluding South Africa 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.