Goods balance (credit less debit), Percent of GDP (Balance of) in Economic Community of West African States (ECOWAS)
Economic Community of West African States (ECOWAS): Goods balance (credit less debit), Percent of GDP (Balance of) was 6.92 in 2027. ◆ Volatile
Goods balance (credit less debit), Percent of GDP (Balance of) in Economic Community of West African States (ECOWAS), 2000–2027
Source: International Monetary Fund.
Analysis
In 2027, goods balance (credit less debit), percent of gdp (balance of) in Economic Community of West African States (ECOWAS) stood at 6.92.
Compared with earlier readings it is down 17.4% on the previous year and up 309.7% over ten years.
Over the whole period, goods balance (credit less debit), percent of gdp (balance of) in Economic Community of West African States (ECOWAS) peaked at 8.38 in 2026 and was at its lowest, -2.01, in 2020.
The series is highly variable year to year, so single readings are best treated with caution.
Goods balance (credit less debit), Percent of GDP (Balance of) in Economic Community of West African States (ECOWAS), year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 7.18 | — |
| 2001 | 4.25 | -40.8% |
| 2002 | 3.07 | -27.7% |
| 2003 | 3.88 | +26.0% |
| 2004 | 7.2 | +85.9% |
| 2005 | 8.28 | +14.9% |
| 2006 | 7.92 | -4.3% |
| 2007 | 6.59 | -16.9% |
| 2008 | 6.4 | -2.9% |
| 2009 | 4.21 | -34.2% |
| 2010 | 4.01 | -4.8% |
| 2011 | 3.81 | -5.1% |
| 2012 | 3.84 | +0.9% |
| 2013 | 3.92 | +2.1% |
| 2014 | 1.66 | -57.7% |
| 2015 | -1.56 | -194.0% |
| 2016 | -0.8382 | -46.2% |
| 2017 | 1.69 | -301.6% |
| 2018 | 2.11 | +25.1% |
| 2019 | 0.1376 | -93.5% |
| 2020 | -2.01 | -1560.6% |
| 2021 | -0.4116 | -79.5% |
| 2022 | 0.2778 | -167.5% |
| 2023 | 1.01 | +263.6% |
| 2024 | 3.57 | +253.6% |
| 2025 | 6.17 | +72.9% |
| 2026 | 8.38 | +35.7% |
| 2027 | 6.92 | -17.4% |
Biggest year-on-year movements
Years where Goods balance (credit less debit), Percent of GDP (Balance of) in Economic Community of West African States (ECOWAS) 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 |
|---|---|---|---|
| 2020 | -1560.6% | 0.1376 | -2.01 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.9 | 3.07 | 8.28 | 10 |
| 2010s | 1.88 | -1.56 | 4.01 | 10 |
| 2020s | 2.99 | -2.01 | 8.38 | 8 |
Countries ranked near Economic Community of West African States (ECOWAS)
- 1 Guinea 44.58 compare
- 2 South Sudan 27.91 compare
- 3 Burkina Faso 17.96 compare
- 4 Congo 14.47 compare
- 5 Ghana 13.65 compare
More financial sector data for Economic Community of West African States (ECOWAS)
All data for Economic Community of West African States (ECOWAS) →
Frequently asked questions
- What is goods balance (credit less debit), percent of gdp (balance of) in Economic Community of West African States (ECOWAS)?
- Goods balance (credit less debit), percent of gdp (balance of) in Economic Community of West African States (ECOWAS) was 6.92 in 2027, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), percent of gdp (balance of) recorded in Economic Community of West African States (ECOWAS)?
- The highest recorded value was 8.38 in 2026.
- What is the lowest goods balance (credit less debit), percent of gdp (balance of) recorded in Economic Community of West African States (ECOWAS)?
- The lowest recorded value was -2.01 in 2020.
- How does Economic Community of West African States (ECOWAS) rank for goods balance (credit less debit), percent of gdp (balance of)?
- Economic Community of West African States (ECOWAS) ranks 2nd out of 19 groups with data for 2027.
- Is goods balance (credit less debit), percent of gdp (balance of) rising or falling in Economic Community of West African States (ECOWAS)?
- Over the last ten years it is up 309.7%. The long-run trend across the full record is volatile.
- Where does this Economic Community of West African States (ECOWAS) 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.