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.