Equatorial Guinea recorded a Current Account deficit of 3.40 percent of the country's Gross Domestic Product in 2021. source: Bank of Central African States

Current Account to GDP in Equatorial Guinea averaged -17.89 percent of GDP from 1987 until 2021, reaching an all time high of 19.20 percent of GDP in 2006 and a record low of -124.60 percent of GDP 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 March of 2023.

Current Account to GDP in Equatorial Guinea is expected to reach -1.60 percent of GDP by the end of 2022, 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 -2.10 percent of GDP in 2023 and -3.00 percent of GDP in 2024, according to our econometric models.

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Equatorial Guinea Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade 1072.70 830.90 XAF Billion Dec 2021
Current Account to GDP -3.40 -4.20 percent of GDP Dec 2021
Current Account -591.90 121.60 XAF Billion Dec 2021
Imports -1325.10 -919.80 XAF Billion Dec 2021
Exports 2397.90 1750.70 XAF Billion Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
-3.40 -4.20 19.20 -124.60 1987 - 2021 percent of GDP Yearly