Republic of the Congo recorded a Current Account surplus of 8 percent of the country's Gross Domestic Product in 2019. source: CNSEE, Congo

Current Account to GDP in Republic of the Congo averaged -9.32 percent from 1978 until 2019, 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. Republic of the Congo Current Account to GDP - values, historical data and charts - was last updated on May of 2021.

Current Account to GDP in Republic of the Congo is expected to reach 3.00 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 1.20 percent in 2021 and -7.00 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
8.20 6.70 20.13 -44.84 1978 - 2019 percent Yearly

Republic of the Congo Trade Last Previous Highest Lowest Unit
Current Account to GDP 8.20 6.70 20.13 -44.84 percent [+]
Exports 5580830919.00 10034000000.00 11851000000.00 18000000.00 Thousand USD [+]
Terrorism Index 2.04 2.69 4.04 0.00 [+]
Crude Oil Production 271.00 262.00 437.00 33.00 BBL/D/1K [+]


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.