Current account balance (credit less debit), Percent of GDP (Balance) in Caucasus and Central Asia Oil Importers
Caucasus and Central Asia Oil Importers: Current account balance (credit less debit), Percent of GDP (Balance) was -4.68 in 2030. ◆ Volatile
Current account balance (credit less debit), Percent of GDP (Balance) in Caucasus and Central Asia Oil Importers, 2000–2030
Source: International Monetary Fund.
Analysis
In 2030, current account balance (credit less debit), percent of gdp (balance) in Caucasus and Central Asia Oil Importers stood at -4.68.
Compared with earlier readings it is up 0.4% on the previous year and down 8.8% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in Caucasus and Central Asia Oil Importers peaked at 1.78 in 2004 and was at its lowest, -8.87, in 2023.
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 Caucasus and Central Asia Oil Importers, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -0.025 | — |
| 2001 | -1.37 | +5377.7% |
| 2002 | -0.2786 | -79.6% |
| 2003 | 1.2 | -529.3% |
| 2004 | 1.78 | +49.0% |
| 2005 | 0.3624 | -79.7% |
| 2006 | -0.1385 | -138.2% |
| 2007 | -4.08 | +2844.1% |
| 2008 | -4.3 | +5.5% |
| 2009 | -2.42 | -43.7% |
| 2010 | -1.32 | -45.5% |
| 2011 | -1.03 | -22.2% |
| 2012 | -3.14 | +206.3% |
| 2013 | -2 | -36.4% |
| 2014 | -1.73 | -13.7% |
| 2015 | -2.13 | +23.6% |
| 2016 | -2.28 | +6.7% |
| 2017 | -0.2604 | -88.6% |
| 2018 | -6.72 | +2480.5% |
| 2019 | -5.72 | -14.9% |
| 2020 | -4.3 | -24.8% |
| 2021 | -5.7 | +32.6% |
| 2022 | -4.64 | -18.6% |
| 2023 | -8.87 | +91.2% |
| 2024 | -5.8 | -34.7% |
| 2025 | -3.09 | -46.6% |
| 2026 | -4.56 | +47.4% |
| 2027 | -4.75 | +4.1% |
| 2028 | -4.74 | -0.0% |
| 2029 | -4.7 | -0.9% |
| 2030 | -4.68 | -0.4% |
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP (Balance) in Caucasus and Central Asia Oil Importers 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 |
|---|---|---|---|
| 2001 | -5377.7% | -0.025 | -1.37 |
| 2007 | -2844.1% | -0.1385 | -4.08 |
| 2018 | -2480.5% | -0.2604 | -6.72 |
| 2003 | +529.3% | -0.2786 | 1.2 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.9272 | -4.3 | 1.78 | 10 |
| 2010s | -2.63 | -6.72 | -0.2604 | 10 |
| 2020s | -5.12 | -8.87 | -3.09 | 10 |
| 2030s | -4.68 | -4.68 | -4.68 | 1 |
Countries ranked near Caucasus and Central Asia Oil Importers
- 9 Iraq 0.8662 compare
- 10 Libya 0.4258 compare
- 11 Azerbaijan -0.7528 compare
- 12 Pakistan -1.08 compare
- 13 Tajikistan -1.98 compare
- 14 Kazakhstan -2.62 compare
- 15 Algeria -2.73 compare
More financial sector data for Caucasus and Central Asia Oil Importers
- Gross international reserves, Central bank, US dollar (Balance of) 73.60 billion (2030)
- Gross international reserves, Central bank, In months of next year's 5.76 (2029)
Frequently asked questions
- What is current account balance (credit less debit), percent of gdp (balance) in Caucasus and Central Asia Oil Importers?
- Current account balance (credit less debit), percent of gdp (balance) in Caucasus and Central Asia Oil Importers was -4.68 in 2030, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in Caucasus and Central Asia Oil Importers?
- The highest recorded value was 1.78 in 2004.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in Caucasus and Central Asia Oil Importers?
- The lowest recorded value was -8.87 in 2023.
- How does Caucasus and Central Asia Oil Importers rank for current account balance (credit less debit), percent of gdp (balance)?
- Caucasus and Central Asia Oil Importers ranks 12th out of 13 groups with data for 2030.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in Caucasus and Central Asia Oil Importers?
- Over the last ten years it is down 8.8%. The long-run trend across the full record is volatile.
- Where does this Caucasus and Central Asia Oil Importers 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
The Middle East and Central Asia Department Regional Economic Outlook (MCDREO) provides information on recent economic developments and prospects for 32 countries and territories: Afghanistan, Algeria, Armenia, Azerbaijan, Bahrain, Djibouti, Egypt, Georgia, Islamic Republic of Iran, Iraq, Jordan, Kazakhstan, Kuwait, Kyrgyz Republic, Lebanon, Libya, Mauritania, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, Somalia, Sudan, Syrian Arab Republic, Tajikistan, Tunisia, Turkmenistan, United Arab Emirates, Uzbekistan, West Bank and Gaza, and Yemen. These countries and territories are divided into two main nonoverlapping groups, based on export earnings, namely (1) oil exporters; and (2) oil importers. The oil importers group comprises (1) emerging market and middle-income countries (EM&MI) and (2) low-income countries (LICs) based on the income level. Additional analytical and regional groups might be used to provide a more granular breakdown for analysis and continuity.