Current account balance (credit less debit), Percent of GDP (Balance) in Sub-Saharan Africa (SSA)
Sub-Saharan Africa (SSA): Current account balance (credit less debit), Percent of GDP (Balance) was -1.08 in 2027. ◆ Volatile
Current account balance (credit less debit), Percent of GDP (Balance) in Sub-Saharan Africa (SSA), 2000–2027
Source: International Monetary Fund.
Analysis
Sub-Saharan Africa (SSA) recorded -1.08 for current account balance (credit less debit), percent of gdp (balance) in 2027.
The figure is down 72.0% on the previous year and up 37.1% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in Sub-Saharan Africa (SSA) peaked at 3.22 in 2005 and was at its lowest, -4.87, 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 (SSA), year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 1.1 | — |
| 2001 | -0.5698 | -151.9% |
| 2002 | -0.5684 | -0.2% |
| 2003 | -0.3564 | -37.3% |
| 2004 | 0.9298 | -360.9% |
| 2005 | 3.22 | +246.6% |
| 2006 | 3.05 | -5.4% |
| 2007 | 1.24 | -59.4% |
| 2008 | 0.2542 | -79.5% |
| 2009 | -1.98 | -878.6% |
| 2010 | -0.6945 | -64.9% |
| 2011 | -0.5584 | -19.6% |
| 2012 | -1.52 | +172.4% |
| 2013 | -1.91 | +25.3% |
| 2014 | -3.09 | +62.1% |
| 2015 | -4.87 | +57.6% |
| 2016 | -3.08 | -36.8% |
| 2017 | -1.73 | -44.0% |
| 2018 | -1.77 | +2.3% |
| 2019 | -2.54 | +43.9% |
| 2020 | -2.38 | -6.2% |
| 2021 | -0.7394 | -69.0% |
| 2022 | -1.95 | +163.2% |
| 2023 | -2.4 | +23.3% |
| 2024 | -1.27 | -47.2% |
| 2025 | -0.8785 | -30.6% |
| 2026 | -0.6308 | -28.2% |
| 2027 | -1.08 | +72.0% |
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP (Balance) in Sub-Saharan Africa (SSA) 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 |
|---|---|---|---|
| 2009 | -878.6% | 0.2542 | -1.98 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.6317 | -1.98 | 3.22 | 10 |
| 2010s | -2.18 | -4.87 | -0.5584 | 10 |
| 2020s | -1.42 | -2.4 | -0.6308 | 8 |
Countries ranked near Sub-Saharan Africa (SSA)
More financial sector data for Sub-Saharan Africa (SSA)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 4.08 % change on previous year (2025)
- Reserves excluding gold, foreign exchange 141.23 billion SDR (2025)
- Reserves excluding gold 154.94 billion SDR (2025)
- Total reserves (gold at market value) 173.33 billion SDR (2025)
- Total reserves (gold at national valuation) 177.24 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate 8.03 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 7.62 % change on previous year (2025)
- Reserves excluding gold (SDR), annual growth rate 3.4 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 3.92 % change on previous year (2025)
- Reserves excluding gold (SDR), annual growth rate 3.26 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), percent of gdp (balance) in Sub-Saharan Africa (SSA)?
- Current account balance (credit less debit), percent of gdp (balance) in Sub-Saharan Africa (SSA) was -1.08 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 (SSA)?
- The highest recorded value was 3.22 in 2005.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in Sub-Saharan Africa (SSA)?
- The lowest recorded value was -4.87 in 2015.
- How does Sub-Saharan Africa (SSA) rank for current account balance (credit less debit), percent of gdp (balance)?
- Sub-Saharan Africa (SSA) ranks 5th 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 (SSA)?
- Over the last ten years it is up 37.1%. The long-run trend across the full record is volatile.
- Where does this Sub-Saharan Africa (SSA) 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.