Republic of the Congo recorded a Current Account deficit of 42.80 percent of the country's Gross Domestic Product in 2017. Republic of the Congo Current Account to GDP - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Current Account to GDP in Republic of the Congo averaged -10.16 percent from 1978 until 2017, reaching an all time high of 20.13 percent in 2000 and a record low of -44.84 percent in 1994. This page provides - Republic of the Congo Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Current Account to GDP in Republic of the Congo is expected to reach -16.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Republic of the Congo Current Account to GDP is projected to trend around -18.00 percent in 2021 and -9.00 percent in 2022, according to our econometric models.


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Republic of the Congo Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-42.80 -24.20 20.13 -44.84 1978 - 2017 percent Yearly


Republic of the 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.