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. Congo Current Account to GDP - values, historical data and charts - was last updated on October of 2020.

Current Account to GDP in Congo is expected to reach -10.00 percent by the end of 2020, 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 -3.50 percent in 2021 and -1.70 percent in 2022, 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 Trade Last Previous Highest Lowest Unit
Balance of Trade 994.20 208.20 994.20 -578.00 USD Million [+]
Current Account -2169.10 -1241.40 0.90 -2921.60 USD Million [+]
Current Account to GDP -1.10 -3.60 5.10 -17.00 percent [+]
Imports 14972.70 11340.00 14972.70 773.44 USD Million [+]
Exports 15966.80 11548.20 15966.80 880.40 USD Million [+]
Terrorism Index 7.04 7.06 7.11 4.18 [+]
External Debt 5891.50 4593.50 12467.70 4542.20 USD Million [+]
Crude Oil Production 14.00 14.00 30.00 14.00 BBL/D/1K [+]

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.