Equatorial Guinea recorded a Current Account deficit of 14.40 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Equatorial Guinea averaged -17.53 percent from 1987 until 2018, reaching an all time high of 27.40 percent in 2006 and a record low of -112.90 percent in 1996. This page provides - Equatorial Guinea Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Equatorial Guinea Current Account to GDP - values, historical data and charts - was last updated on August of 2020.

Current Account to GDP in Equatorial Guinea is expected to reach -12.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Equatorial Guinea Current Account to GDP is projected to trend around -10.00 percent in 2021 and -8.00 percent in 2022, according to our econometric models.

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Equatorial Guinea Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-6.00 -14.40 27.40 -112.90 1987 - 2019 percent Yearly

Equatorial Guinea Trade Last Previous Highest Lowest Unit
Current Account to GDP -6.00 -14.40 27.40 -112.90 percent [+]
Crude Oil Production 168.00 163.00 393.00 2.60 BBL/D/1K [+]
Terrorism Index 0.00 0.00 1.81 0.00 [+]


Equatorial Guinea 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.