Current account balance (World Bank) — all countries

Current account balance (World Bank) — Western Africa

Current account balance (World Bank) in Western Africa in 2024 — 2.01%. Since 1979, the indicator has risen by 0.92 pp.

2024 2.01% +3.72 pp vs 2023
World rank
Period maximum 12.49%2005
Period minimum -5.61%1982

Trend over time

1979–2024 · % of GDP

Current account balance (World Bank) — Western Africa, 1979–2024-10-505101519791984198919941999200420092014201920241979: 1.09%1980: 4.61%1981: -4.45%1982: -5.61%1983: -4.83%1984: -0.6%1985: 1.74%1986: -1.25%1987: -1.69%1988: -2.32%1989: -0.22%1990: 4.13%1991: -0.54%1992: 0.49%1993: -2.86%1994: -3.14%1995: -1.34%1996: -0.15%1997: -0.49%1998: -1.1%2001: 0.89%2002: -0.23%2003: 1.16%2004: 7.58%2005: 12.49%2006: 9.75%2007: 5.16%2008: 4.11%2009: 1.92%2010: 0.97%2011: 0.14%2012: 0.42%2013: 0.35%2014: -1.49%2015: -3.85%2016: -1.12%2017: 0.55%2018: -0.88%2019: -2.73%2020: -2.71%2021: -1.44%2022: -1.83%2023: -1.71%2024: 2.01%
Change over the period: +0.92 pp Annual average: 0.02 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Western Africa

Western Africa 2.01%
World computed 0.39%
Current account balance (World Bank) — Western Africa, by year Western Africa All countries CSV XLSX
Year % Change, pp
2024 2.01 +3.72 pp
2023 -1.71 +0.12 pp
2022 -1.83 −0.39 pp
2021 -1.44 +1.27 pp
2020 -2.71 +0.02 pp
2019 -2.73 −1.85 pp
2018 -0.88 −1.43 pp
2017 0.55 +1.67 pp
2016 -1.12 +2.73 pp
2015 -3.85 −2.36 pp
2014 -1.49 −1.84 pp
2013 0.35 −0.08 pp
2012 0.42 +0.28 pp
2011 0.14 −0.83 pp
2010 0.97 −0.95 pp
2009 1.92 −2.19 pp
2008 4.11 −1.05 pp
2007 5.16 −4.59 pp
2006 9.75 −2.74 pp
2005 12.49 +4.92 pp
2004 7.58 +6.41 pp
2003 1.16 +1.39 pp
2002 -0.23 −1.12 pp
2001 0.89
1998 -1.1 −0.61 pp
1997 -0.49 −0.34 pp
1996 -0.15 +1.19 pp
1995 -1.34 +1.8 pp
1994 -3.14 −0.28 pp
1993 -2.86 −3.35 pp
1992 0.49 +1.02 pp
1991 -0.54 −4.66 pp
1990 4.13 +4.35 pp
1989 -0.22 +2.09 pp
1988 -2.32 −0.62 pp
1987 -1.69 −0.44 pp
1986 -1.25 −2.99 pp
1985 1.74 +2.34 pp
1984 -0.6 +4.23 pp
1983 -4.83 +0.78 pp
1982 -5.61 −1.16 pp
1981 -4.45 −9.06 pp
1980 4.61 +3.52 pp
1979 1.09

About the indicator

The current account balance of the balance of payments as a percent of GDP from World Bank data. It duplicates the IMF indicator in meaning but rests on a different source and carries no forecast part — useful for cross-checking: noticeable divergences between the two series usually point to a revision of the statistics.

Source: World Development Indicators (World Bank), license CC BY 4.0.