Current account balance as a share of GDP reached -5.56 % in 2019 in Zimbabwe, according to the National Statistical Office. This is 3.74 % less than in the previous year.
Historically, current account balance as a share of GDP in Zimbabwe reached an all time high of 4.42 % in 2007 and an all time low of -8.92 % in 1997. When compared to Zimbabwe's main peers, current account balance as a share of GDP in Botswana amounted to 7.68 %, -44.8 % in Mozambique, -3.51 % in South Africa and -3.42 % in Zambia in 2019.
Zimbabwe has been ranked 121st within the group of 172 countries we follow in terms of current account balance as a share of GDP, 22 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.