Goods balance (credit less debit), Percent of GDP (Balance of) in Common Market for Eastern and Southern Africa (COMESA)
Common Market for Eastern and Southern Africa (COMESA): Goods balance (credit less debit), Percent of GDP (Balance of) was -2.19 in 2027. ▲ Rising
Goods balance (credit less debit), Percent of GDP (Balance of) in Common Market for Eastern and Southern Africa (COMESA), 2000–2027
Source: International Monetary Fund.
Analysis
Common Market for Eastern and Southern Africa (COMESA) recorded -2.19 for goods balance (credit less debit), percent of gdp (balance of) in 2027. That is the highest value across all 28 years on record.
That represents a change of up 22.9% on the previous year and up 74.6% over ten years.
Over the whole period, goods balance (credit less debit), percent of gdp (balance of) in Common Market for Eastern and Southern Africa (COMESA) peaked at -2.19 in 2027 and was at its lowest, -10.69, in 2008.
The long-run direction has been consistently rising across the 28 years of available data.
Goods balance (credit less debit), Percent of GDP (Balance of) in Common Market for Eastern and Southern Africa (COMESA), year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -3.97 | — |
| 2001 | -4.8 | +21.1% |
| 2002 | -4.99 | +3.8% |
| 2003 | -5.2 | +4.2% |
| 2004 | -6.45 | +24.2% |
| 2005 | -8.11 | +25.6% |
| 2006 | -8.15 | +0.5% |
| 2007 | -8.11 | -0.4% |
| 2008 | -10.69 | +31.8% |
| 2009 | -10.18 | -4.8% |
| 2010 | -9.51 | -6.6% |
| 2011 | -9.9 | +4.1% |
| 2012 | -10.21 | +3.1% |
| 2013 | -9.37 | -8.2% |
| 2014 | -9.51 | +1.5% |
| 2015 | -9.82 | +3.2% |
| 2016 | -8.83 | -10.1% |
| 2017 | -8.62 | -2.4% |
| 2018 | -7.9 | -8.4% |
| 2019 | -7.73 | -2.0% |
| 2020 | -6.17 | -20.3% |
| 2021 | -5.77 | -6.4% |
| 2022 | -6.91 | +19.7% |
| 2023 | -6.85 | -0.9% |
| 2024 | -6.56 | -4.1% |
| 2025 | -5.48 | -16.5% |
| 2026 | -2.84 | -48.1% |
| 2027 | -2.19 | -22.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -7.06 | -10.69 | -3.97 | 10 |
| 2010s | -9.14 | -10.21 | -7.73 | 10 |
| 2020s | -5.35 | -6.91 | -2.19 | 8 |
Countries ranked near Common Market for Eastern and Southern Africa (COMESA)
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Frequently asked questions
- What is goods balance (credit less debit), percent of gdp (balance of) in Common Market for Eastern and Southern Africa (COMESA)?
- Goods balance (credit less debit), percent of gdp (balance of) in Common Market for Eastern and Southern Africa (COMESA) was -2.19 in 2027, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), percent of gdp (balance of) recorded in Common Market for Eastern and Southern Africa (COMESA)?
- The highest recorded value was -2.19 in 2027.
- What is the lowest goods balance (credit less debit), percent of gdp (balance of) recorded in Common Market for Eastern and Southern Africa (COMESA)?
- The lowest recorded value was -10.69 in 2008.
- How does Common Market for Eastern and Southern Africa (COMESA) rank for goods balance (credit less debit), percent of gdp (balance of)?
- Common Market for Eastern and Southern Africa (COMESA) ranks 18th out of 19 groups with data for 2027.
- Is goods balance (credit less debit), percent of gdp (balance of) rising or falling in Common Market for Eastern and Southern Africa (COMESA)?
- Over the last ten years it is up 74.6%. The long-run trend across the full record is rising.
- Where does this Common Market for Eastern and Southern Africa (COMESA) data come from?
- The figures come from International Monetary Fund, published as part of Goods 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.