Current Account Balance (As % of GDP) rose to 12.4% in Congo in 2019

Current Account Balance (As % of GDP) (%)
Economy | Congo | January 1, 2020
$2.99
Excel Sheet

Current account balance as a share of GDP reached 12.4 % in 2019 in Congo, according to the National Statistical Office. This is 35.6 % more than in the previous year.

Historically, current account balance as a share of GDP in Congo reached an all time high of 12.4 % in 2019 and an all time low of -12.9 % in 2017. When compared to Congo's main peers, current account balance as a share of GDP in Cameroon amounted to -3.03 %, -8.37 % in Central African Republic, -0.509 % in Gabon and -1.78 % in Dem. Republic of the Congo in 2019.

Congo has been ranked 6th within the group of 172 countries we follow in terms of current account balance as a share of GDP, 148 places above the position seen 10 years ago.

The current account is one of the two primary components of the balance of payments, the other being the capital account.

Current Account Balance (As % of GDP) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Angola % -0.005% -2.15% -1.87% -0.357% -0.166%
Cameroon % -0.027% -3.20% -3.03% -3.10% -2.97%
Central African Republic % -8.43% -8.93% -8.37% -7.57% -6.27%
Chad % -5.66% -4.15% -5.46% -4.40% -4.65%
Congo % -12.9% 9.15% 12.4% 7.66% 2.25%
Dem. Republic of the Congo % -0.032% -0.013% -1.78% -2.56% -2.72%
Equatorial Guinea % -5.91% -3.14% -3.56% -4.27% -4.36%
Gabon % -4.86% -1.63% -0.509% 1.94% 1.84%
Nigeria % 0.028% 2.04% 1.00% 0.739% 0.780%
Sudan % -0.041% -14.2% -13.1% -12.2% -11.5%
Zambia % -0.039% -3.97% -3.42% -2.98% -2.78%