Current account balance (credit less debit), Percent of GDP (Balance) in West African Economic and Monetary Union (WAEMU)
West African Economic and Monetary Union (WAEMU): Current account balance (credit less debit), Percent of GDP (Balance) was -1.83 in 2027. ▼ Falling
Current account balance (credit less debit), Percent of GDP (Balance) in West African Economic and Monetary Union (WAEMU), 2000–2027
Source: International Monetary Fund.
Analysis
In 2027, current account balance (credit less debit), percent of gdp (balance) in West African Economic and Monetary Union (WAEMU) stood at -1.83.
Compared with earlier readings it is down 7.0% on the previous year and up 60.0% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in West African Economic and Monetary Union (WAEMU) peaked at -0.9795 in 2002 and was at its lowest, -9.68, in 2022.
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 West African Economic and Monetary Union (WAEMU), year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -4.11 | — |
| 2001 | -3.33 | -19.0% |
| 2002 | -0.9795 | -70.6% |
| 2003 | -2.9 | +195.6% |
| 2004 | -3.28 | +13.2% |
| 2005 | -3.93 | +19.9% |
| 2006 | -2.65 | -32.7% |
| 2007 | -4.66 | +75.9% |
| 2008 | -5.53 | +18.9% |
| 2009 | -3.12 | -43.5% |
| 2010 | -3.48 | +11.2% |
| 2011 | -1.44 | -58.6% |
| 2012 | -3.89 | +170.0% |
| 2013 | -5.04 | +29.7% |
| 2014 | -3.92 | -22.2% |
| 2015 | -4.53 | +15.3% |
| 2016 | -3.92 | -13.3% |
| 2017 | -4.58 | +16.7% |
| 2018 | -5.42 | +18.5% |
| 2019 | -4.69 | -13.4% |
| 2020 | -4.05 | -13.7% |
| 2021 | -5.71 | +41.0% |
| 2022 | -9.68 | +69.3% |
| 2023 | -9.62 | -0.6% |
| 2024 | -5.53 | -42.5% |
| 2025 | -1.71 | -69.0% |
| 2026 | -1.71 | -0.1% |
| 2027 | -1.83 | +7.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -3.45 | -5.53 | -0.9795 | 10 |
| 2010s | -4.09 | -5.42 | -1.44 | 10 |
| 2020s | -4.98 | -9.68 | -1.71 | 8 |
Countries ranked near West African Economic and Monetary Union (WAEMU)
More financial sector data for West African Economic and Monetary Union (WAEMU)
- Gold reserves at 35 SDRs per ounce 41.10 million SDR (2024)
- Total reserves (gold at market value) (SDR), annual growth rate 37.45 % change on previous year (2024)
- Total reserves (gold at national valuation) (SDR), annual growth rate 37.83 % change on previous year (2024)
- Reserves excluding gold, foreign exchange 10.38 billion SDR (2024)
- Gold reserves at market value 2.35 billion SDR (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 43.37 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), annual growth rate 37.45 % change on previous year (2024)
- Reserves excluding gold (SDR), annual growth rate 38.82 % change on previous year (2024)
- Total reserves (gold at national valuation) 16.42 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), annual growth rate 37.83 % change on previous year (2024)
All data for West African Economic and Monetary Union (WAEMU) →
Frequently asked questions
- What is current account balance (credit less debit), percent of gdp (balance) in West African Economic and Monetary Union (WAEMU)?
- Current account balance (credit less debit), percent of gdp (balance) in West African Economic and Monetary Union (WAEMU) was -1.83 in 2027, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in West African Economic and Monetary Union (WAEMU)?
- The highest recorded value was -0.9795 in 2002.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in West African Economic and Monetary Union (WAEMU)?
- The lowest recorded value was -9.68 in 2022.
- How does West African Economic and Monetary Union (WAEMU) rank for current account balance (credit less debit), percent of gdp (balance)?
- West African Economic and Monetary Union (WAEMU) ranks 9th out of 19 groups with data for 2027.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in West African Economic and Monetary Union (WAEMU)?
- Over the last ten years it is up 60.0%. The long-run trend across the full record is falling.
- Where does this West African Economic and Monetary Union (WAEMU) 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.