Current account balance — all countries

Current account balance — Western Africa

Current account balance in Western Africa in 2031 — 1.16%. Since 1980, the indicator has risen by 5.53 pp.

2031 1.16% +0.02 pp vs 2030
World rank
Period maximum 9.33%2005
Period minimum -4.93%1988

Trend over time

1980–2031 · % of GDP

Current account balance — Western Africa, 1980–2031-5051019801986199219982004201020162022202820311980: -4.37%1981: -3.55%1982: -2.7%1983: -2.5%1984: -1.52%1985: -2.01%1986: -2.46%1987: -3.9%1988: -4.93%1989: -3.61%1990: 1.46%1991: -1.05%1992: -0.32%1993: -2.42%1994: -2.08%1995: -1.89%1996: 0.4%1997: -0.46%1998: -1.8%1999: -1.6%2000: 3.31%2001: 0.23%2002: 0.19%2003: 0.63%2004: 4.87%2005: 9.33%2006: 7.81%2007: 4.07%2008: 2.96%2009: 1.37%2010: 0.78%2011: 0.24%2012: 0.37%2013: 0.4%2014: -1.23%2015: -3.1%2016: -0.93%2017: 0.32%2018: -0.93%2019: -2.84%2020: -3.33%2021: -1.89%2022: -2.32%2023: -2.28%2024: 0.12%2025: 1.67%2026: 3.04%2027: 1.77%2028: 1.35%2029: 1.42%2030: 1.14%2031: 1.16%
Change over the period: +5.53 pp Annual average: 0.11 pp

Comparison, 2031

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

Western Africa 1.16%
World computed 0.28%
Current account balance — Western Africa, by year Western Africa All countries CSV XLSX
Year % Change, pp
2031 1.16 +0.02 pp
2030 1.14 −0.27 pp
2029 1.42 +0.07 pp
2028 1.35 −0.43 pp
2027 1.77 −1.26 pp
2026 3.04 +1.36 pp
2025 1.67 +1.56 pp
2024 0.12 +2.4 pp
2023 -2.28 +0.03 pp
2022 -2.32 −0.42 pp
2021 -1.89 +1.43 pp
2020 -3.33 −0.49 pp
2019 -2.84 −1.9 pp
2018 -0.93 −1.26 pp
2017 0.32 +1.25 pp
2016 -0.93 +2.16 pp
2015 -3.1 −1.87 pp
2014 -1.23 −1.62 pp
2013 0.4 +0.03 pp
2012 0.37 +0.14 pp
2011 0.24 −0.54 pp
2010 0.78 −0.59 pp
2009 1.37 −1.59 pp
2008 2.96 −1.1 pp
2007 4.07 −3.75 pp
2006 7.81 −1.52 pp
2005 9.33 +4.46 pp
2004 4.87 +4.25 pp
2003 0.63 +0.44 pp
2002 0.19 −0.04 pp
2001 0.23 −3.08 pp
2000 3.31 +4.91 pp
1999 -1.6 +0.21 pp
1998 -1.8 −1.34 pp
1997 -0.46 −0.86 pp
1996 0.4 +2.29 pp
1995 -1.89 +0.19 pp
1994 -2.08 +0.34 pp
1993 -2.42 −2.1 pp
1992 -0.32 +0.73 pp
1991 -1.05 −2.51 pp
1990 1.46 +5.07 pp
1989 -3.61 +1.32 pp
1988 -4.93 −1.03 pp
1987 -3.9 −1.44 pp
1986 -2.46 −0.45 pp
1985 -2.01 −0.49 pp
1984 -1.52 +0.98 pp
1983 -2.5 +0.21 pp
1982 -2.7 +0.84 pp
1981 -3.55 +0.82 pp
1980 -4.37

About the indicator

The current account balance of the balance of payments as a percent of GDP: trade in goods and services, primary income (interest, dividends, compensation of employees) and secondary income (transfers). A surplus means a country earns more abroad than it spends and is building up external assets; a persistent deficit has to be financed by an inflow of capital.

Source: World Economic Outlook (IMF), license IMF open data.