Current account balance (credit less debit), Percent of GDP (Balance) in SSA oil-importing countries
SSA oil-importing countries: Current account balance (credit less debit), Percent of GDP (Balance) was -1.89 in 2027. ▼ Falling
Current account balance (credit less debit), Percent of GDP (Balance) in SSA oil-importing countries, 2000–2027
Source: International Monetary Fund.
Analysis
In 2027, current account balance (credit less debit), percent of gdp (balance) in SSA oil-importing countries stood at -1.89.
That represents a change of up 6.6% on the previous year and up 51.7% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in SSA oil-importing countries peaked at -0.6045 in 2002 and was at its lowest, -6.72, 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, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -1.32 | — |
| 2001 | -1.02 | -22.6% |
| 2002 | -0.6045 | -40.8% |
| 2003 | -1.03 | +69.6% |
| 2004 | -2.27 | +121.6% |
| 2005 | -2.73 | +20.1% |
| 2006 | -3.19 | +16.9% |
| 2007 | -4.09 | +28.1% |
| 2008 | -5.48 | +34.1% |
| 2009 | -3.94 | -28.2% |
| 2010 | -3.56 | -9.6% |
| 2011 | -4.18 | +17.5% |
| 2012 | -6.3 | +50.8% |
| 2013 | -6.72 | +6.6% |
| 2014 | -6.01 | -10.5% |
| 2015 | -6 | -0.2% |
| 2016 | -4.72 | -21.3% |
| 2017 | -3.91 | -17.2% |
| 2018 | -4.4 | +12.4% |
| 2019 | -3.63 | -17.3% |
| 2020 | -2.45 | -32.6% |
| 2021 | -1.69 | -30.8% |
| 2022 | -4.55 | +168.3% |
| 2023 | -4.21 | -7.4% |
| 2024 | -3.41 | -19.0% |
| 2025 | -1.9 | -44.1% |
| 2026 | -2.02 | +6.2% |
| 2027 | -1.89 | -6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.57 | -5.48 | -0.6045 | 10 |
| 2010s | -4.94 | -6.72 | -3.56 | 10 |
| 2020s | -2.77 | -4.55 | -1.69 | 8 |
Countries ranked near SSA oil-importing countries
More financial sector data for SSA oil-importing countries
Frequently asked questions
- What is current account balance (credit less debit), percent of gdp (balance) in SSA oil-importing countries?
- Current account balance (credit less debit), percent of gdp (balance) in SSA oil-importing countries was -1.89 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?
- The highest recorded value was -0.6045 in 2002.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in SSA oil-importing countries?
- The lowest recorded value was -6.72 in 2013.
- How does SSA oil-importing countries rank for current account balance (credit less debit), percent of gdp (balance)?
- SSA oil-importing countries ranks 10th 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?
- Over the last ten years it is up 51.7%. The long-run trend across the full record is falling.
- Where does this SSA oil-importing 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.