Goods balance (credit less debit), Net (credits less debits) in Sub-Saharan Africa (SSA)
Sub-Saharan Africa (SSA): Goods balance (credit less debit), Net (credits less debits) was 18.56 billion in 2024. ◆ Volatile
Goods balance (credit less debit), Net (credits less debits) in Sub-Saharan Africa (SSA), 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for goods balance (credit less debit), net (credits less debits) in Sub-Saharan Africa (SSA) is 18.56 billion, measured in 2024.
That represents a change of up 247.1% on the previous year and up 70.8% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Sub-Saharan Africa (SSA) peaked at 79.99 billion in 2011 and was at its lowest, -45.50 billion, in 2015.
The series is highly variable year to year, so single readings are best treated with caution.
Goods balance (credit less debit), Net (credits less debits) in Sub-Saharan Africa (SSA), year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 40.10 billion | — |
| 2006 | 50.28 billion | +25.4% |
| 2007 | 60.31 billion | +20.0% |
| 2008 | 72.90 billion | +20.9% |
| 2009 | 29.71 billion | -59.2% |
| 2010 | 58.15 billion | +95.7% |
| 2011 | 79.99 billion | +37.6% |
| 2012 | 53.48 billion | -33.1% |
| 2013 | 46.51 billion | -13.0% |
| 2014 | 10.87 billion | -76.6% |
| 2015 | -45.50 billion | -518.6% |
| 2016 | -23.80 billion | -47.7% |
| 2017 | 9.63 billion | -140.5% |
| 2018 | 18.44 billion | +91.4% |
| 2019 | -2.57 billion | -113.9% |
| 2020 | -6.75 billion | +163.2% |
| 2021 | 30.40 billion | -550.1% |
| 2022 | 22.14 billion | -27.2% |
| 2023 | 5.35 billion | -75.8% |
| 2024 | 18.56 billion | +247.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 50.66 billion | 29.71 billion | 72.90 billion | 5 |
| 2010s | 20.52 billion | -45.50 billion | 79.99 billion | 10 |
| 2020s | 13.94 billion | -6.75 billion | 30.40 billion | 5 |
Countries ranked near Sub-Saharan Africa (SSA)
- 4 Singapore 148.13 billion compare
- 5 Russian Federation 132.09 billion compare
- 6 Switzerland 130.84 billion compare
- 7 Republic of Korea 100.13 billion compare
- 8 Taiwan, China 99.42 billion compare
- 9 Saudi Arabia 89.72 billion compare
- 10 Netherlands 87.60 billion compare
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 goods balance (credit less debit), net (credits less debits) in Sub-Saharan Africa (SSA)?
- Goods balance (credit less debit), net (credits less debits) in Sub-Saharan Africa (SSA) was 18.56 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Sub-Saharan Africa (SSA)?
- The highest recorded value was 79.99 billion in 2011.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Sub-Saharan Africa (SSA)?
- The lowest recorded value was -45.50 billion in 2015.
- How does Sub-Saharan Africa (SSA) rank for goods balance (credit less debit), net (credits less debits)?
- Sub-Saharan Africa (SSA) ranks 7th out of 9 groups with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Sub-Saharan Africa (SSA)?
- Over the last ten years it is up 70.8%. 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 Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.