Gabon recorded a Current Account deficit of 3.20 percent of the country's Gross Domestic Product in 2019. source: Direction Générale des Statistiques du Gabon

Current Account to GDP in Gabon averaged 6.66 percent from 1978 until 2019, reaching an all time high of 27.30 percent in 1980 and a record low of -19.40 percent in 1986. This page provides - Gabon Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Gabon Current Account to GDP - values, historical data and charts - was last updated on May of 2021.

Current Account to GDP in Gabon is expected to reach -13.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Gabon Current Account to GDP is projected to trend around -11.00 percent in 2021 and -6.00 percent in 2022, according to our econometric models.

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Gabon Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -3.20 27.30 -19.40 1978 - 2019 percent Yearly

Gabon Trade Last Previous Highest Lowest Unit
Balance of Trade 1701.74 1487.64 3233.90 439.16 CFA Billion [+]
Current Account -146.47 -188.45 1714.92 -348.54 CFA Billion [+]
Current Account to GDP -0.30 -3.20 27.30 -19.40 percent [+]
Crude Oil Production 160.00 165.00 374.00 150.00 BBL/D/1K [+]
Terrorism Index 1.43 0.55 1.43 0.00 [+]

Gabon 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.