Congo recorded a Current Account deficit of 1.10 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Congo averaged -5.10 percent from 2002 until 2018, reaching an all time high of 5.10 percent in 2002 and a record low of -17 percent in 2008. This page provides - Congo Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Current Account to GDP in Congo is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Congo Current Account to GDP is projected to trend around -1.70 percent in 2020, according to our econometric models.

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Congo Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-1.10 -3.60 5.10 -17.00 2002 - 2018 percent Yearly

Congo 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.