Current Account to GDP in Congo increased to -3.80 percent in 2019 from -4.60 percent in 2018. source: Banque Centrale du Congo

Current Account to GDP in Congo averaged -5.21 percent from 2002 until 2019, 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 April of 2021.

Current Account to GDP in Congo is expected to reach 5.00 percent by the end of 2021, 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 7.00 percent in 2022, according to our econometric models.

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Congo Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-3.80 -4.60 5.10 -17.00 2002 - 2019 percent Yearly

Congo Trade Last Previous Highest Lowest Unit
Balance of Trade 399.60 994.20 994.20 -578.00 USD Million [+]
Current Account -1693.20 -1672.30 0.90 -2921.60 USD Million [+]
Current Account to GDP -3.80 -4.60 5.10 -17.00 percent [+]
Imports 14631.70 14972.70 14972.70 773.44 USD Million [+]
Exports 15031.30 15966.80 15966.80 880.40 USD Million [+]
Terrorism Index 7.18 7.04 7.18 4.18 [+]
External Debt 3728.90 5891.50 12467.70 3728.90 USD Million [+]
Crude Oil Production 23.00 23.00 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.