Goods balance (credit less debit), Percent of GDP (Balance of) in SSA oil-importing countries
SSA oil-importing countries: Goods balance (credit less debit), Percent of GDP (Balance of) was 1.56 in 2027. ◆ Volatile
Goods balance (credit less debit), Percent of GDP (Balance of) in SSA oil-importing countries, 2000–2027
Source: International Monetary Fund.
Analysis
The most recent figure for goods balance (credit less debit), percent of gdp (balance of) in SSA oil-importing countries is 1.56, measured in 2027. That is the highest value across all 28 years on record.
That represents a change of up 18.4% on the previous year and up 149.5% over ten years.
Over the whole period, goods balance (credit less debit), percent of gdp (balance of) in SSA oil-importing countries peaked at 1.56 in 2027 and was at its lowest, -6, in 2015.
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 SSA oil-importing countries, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -0.2097 | — |
| 2001 | -0.1803 | -14.0% |
| 2002 | -0.0059 | -96.7% |
| 2003 | -0.7581 | +12711.6% |
| 2004 | -2.09 | +176.3% |
| 2005 | -2.65 | +26.5% |
| 2006 | -3.22 | +21.3% |
| 2007 | -3.77 | +17.3% |
| 2008 | -5.25 | +39.1% |
| 2009 | -3.86 | -26.5% |
| 2010 | -2.92 | -24.3% |
| 2011 | -3.42 | +17.0% |
| 2012 | -5.66 | +65.6% |
| 2013 | -5.75 | +1.7% |
| 2014 | -5.54 | -3.7% |
| 2015 | -6 | +8.3% |
| 2016 | -4.22 | -29.7% |
| 2017 | -3.15 | -25.2% |
| 2018 | -3.6 | +14.3% |
| 2019 | -3.54 | -1.7% |
| 2020 | -1.28 | -64.0% |
| 2021 | -0.3151 | -75.3% |
| 2022 | -3.04 | +865.6% |
| 2023 | -3.01 | -1.1% |
| 2024 | -2.06 | -31.7% |
| 2025 | -0.1841 | -91.0% |
| 2026 | 1.32 | -816.9% |
| 2027 | 1.56 | +18.4% |
Biggest year-on-year movements
Years where Goods balance (credit less debit), Percent of GDP (Balance of) in SSA oil-importing countries 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 |
|---|---|---|---|
| 2003 | -12711.6% | -0.0059 | -0.7581 |
| 2022 | -865.6% | -0.3151 | -3.04 |
| 2026 | +816.9% | -0.1841 | 1.32 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.2 | -5.25 | -0.0059 | 10 |
| 2010s | -4.38 | -6 | -2.92 | 10 |
| 2020s | -0.8749 | -3.04 | 1.56 | 8 |
Countries ranked near SSA oil-importing countries
More financial sector data for SSA oil-importing countries
Frequently asked questions
- What is goods balance (credit less debit), percent of gdp (balance of) in SSA oil-importing countries?
- Goods balance (credit less debit), percent of gdp (balance of) in SSA oil-importing countries was 1.56 in 2027, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), percent of gdp (balance of) recorded in SSA oil-importing countries?
- The highest recorded value was 1.56 in 2027.
- What is the lowest goods balance (credit less debit), percent of gdp (balance of) recorded in SSA oil-importing countries?
- The lowest recorded value was -6 in 2015.
- How does SSA oil-importing countries rank for goods balance (credit less debit), percent of gdp (balance of)?
- SSA oil-importing countries ranks 14th out of 19 groups with data for 2027.
- Is goods balance (credit less debit), percent of gdp (balance of) rising or falling in SSA oil-importing countries?
- Over the last ten years it is up 149.5%. The long-run trend across the full record is volatile.
- Where does this SSA oil-importing countries 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.