Central African Republic recorded a Current Account deficit of 5.20 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Central African Republic averaged -5.59 percent from 1977 until 2019, reaching an all time high of -0.60 percent in 1981 and a record low of -10.20 percent in 2010. This page provides - Central African Republic Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Central African Republic Current Account to GDP - values, historical data and charts - was last updated on August of 2020.

Current Account to GDP in Central African Republic is expected to reach -7.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Central African Republic Current Account to GDP is projected to trend around -6.80 percent in 2021 and -6.50 percent in 2022, according to our econometric models.

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Central African Republic Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-5.20 -8.30 -0.60 -10.20 1977 - 2019 percent Yearly

Central African Republic Trade Last Previous Highest Lowest Unit
Current Account -164.40 -144.40 -7.60 -164.40 CFA Franc Billion [+]
Current Account to GDP -5.20 -8.30 -0.60 -10.20 percent [+]
Gold Reserves 0.00 0.00 0.35 0.00 Tonnes [+]
Terrorism Index 6.62 6.72 6.72 0.00 [+]


Central African Republic Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.