Current account balance (credit less debit), Percent of GDP (Balance) in Sub-Saharan Africa excluding Nigeria and South Africa
Sub-Saharan Africa excluding Nigeria and South Africa: Current account balance (credit less debit), Percent of GDP (Balance) was -1.96 in 2027. ◆ Volatile
Current account balance (credit less debit), Percent of GDP (Balance) in Sub-Saharan Africa excluding Nigeria and South Africa, 2000–2027
Source: International Monetary Fund.
Analysis
In 2027, current account balance (credit less debit), percent of gdp (balance) in Sub-Saharan Africa excluding Nigeria and South Africa stood at -1.96.
The figure is up 6.3% on the previous year and up 50.8% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in Sub-Saharan Africa excluding Nigeria and South Africa peaked at 1.67 in 2006 and was at its lowest, -7.35, 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 Sub-Saharan Africa excluding Nigeria and South Africa, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -1.03 | — |
| 2001 | -2.6 | +152.4% |
| 2002 | -2.19 | -15.8% |
| 2003 | -1.58 | -27.9% |
| 2004 | -1.23 | -22.2% |
| 2005 | -0.0988 | -92.0% |
| 2006 | 1.67 | -1790.8% |
| 2007 | 0.6599 | -60.5% |
| 2008 | -1.68 | -353.9% |
| 2009 | -5.73 | +241.7% |
| 2010 | -2.99 | -47.7% |
| 2011 | -1.56 | -47.9% |
| 2012 | -3.24 | +107.7% |
| 2013 | -4.16 | +28.4% |
| 2014 | -5.24 | +25.9% |
| 2015 | -7.35 | +40.2% |
| 2016 | -6.02 | -18.1% |
| 2017 | -3.98 | -33.8% |
| 2018 | -3.12 | -21.7% |
| 2019 | -2.86 | -8.4% |
| 2020 | -3.78 | +32.1% |
| 2021 | -2.63 | -30.3% |
| 2022 | -3.66 | +39.3% |
| 2023 | -4.29 | +17.0% |
| 2024 | -3.06 | -28.7% |
| 2025 | -2.21 | -27.5% |
| 2026 | -2.09 | -5.5% |
| 2027 | -1.96 | -6.3% |
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP (Balance) in Sub-Saharan Africa excluding Nigeria and South Africa 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 |
|---|---|---|---|
| 2006 | +1790.8% | -0.0988 | 1.67 |
| 2008 | -353.9% | 0.6599 | -1.68 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.38 | -5.73 | 1.67 | 10 |
| 2010s | -4.05 | -7.35 | -1.56 | 10 |
| 2020s | -2.96 | -4.29 | -1.96 | 8 |
Countries ranked near Sub-Saharan Africa excluding Nigeria and South Africa
More financial sector data for Sub-Saharan Africa excluding Nigeria and South Africa
All data for Sub-Saharan Africa excluding Nigeria and South Africa →
Frequently asked questions
- What is current account balance (credit less debit), percent of gdp (balance) in Sub-Saharan Africa excluding Nigeria and South Africa?
- Current account balance (credit less debit), percent of gdp (balance) in Sub-Saharan Africa excluding Nigeria and South Africa was -1.96 in 2027, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in Sub-Saharan Africa excluding Nigeria and South Africa?
- The highest recorded value was 1.67 in 2006.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in Sub-Saharan Africa excluding Nigeria and South Africa?
- The lowest recorded value was -7.35 in 2015.
- How does Sub-Saharan Africa excluding Nigeria and South Africa rank for current account balance (credit less debit), percent of gdp (balance)?
- Sub-Saharan Africa excluding Nigeria and South Africa ranks 11th out of 19 groups with data for 2027.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in Sub-Saharan Africa excluding Nigeria and South Africa?
- Over the last ten years it is up 50.8%. The long-run trend across the full record is volatile.
- Where does this Sub-Saharan Africa excluding Nigeria and 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.