Comoros recorded a Current Account deficit of 8.90 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Comoros averaged -7.41 percent from 1980 until 2019, reaching an all time high of 3.63 percent in 1993 and a record low of -30.44 percent in 1984. This page provides - Comoros Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Comoros Current Account to GDP - values, historical data and charts - was last updated on July of 2020.

Current Account to GDP in Comoros is expected to reach -9.40 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Comoros Current Account to GDP is projected to trend around -8.70 percent in 2021 and -7.50 percent in 2022, according to our econometric models.

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Comoros Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-8.90 -6.00 3.63 -30.44 1980 - 2019 percent Yearly

Comoros Trade Last Previous Highest Lowest Unit
Balance of Trade -92658.00 -101294.00 -16776.00 -101644.00 KMF Million [+]
Current Account -11770.00 -10004.00 -1099.00 -23013.00 KMF Million [+]
Current Account to GDP -8.90 -6.00 3.63 -30.44 percent [+]
Exports 21628.00 17642.00 21628.00 2190.00 KMF Million [+]
Imports 114286.00 119286.00 119286.00 22241.00 KMF Million [+]
Remittances 4228.00 3498.00 4485.70 20.00 KMF Million [+]
Tourist Arrivals 35900.00 27952.00 35900.00 11396.00 Person [+]


Comoros 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.