Current account balance in Comoros
Comoros: Current account balance was -1.7% in 2023. ◆ Volatile
Current account balance in Comoros, 1980–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for current account balance in Comoros is -1.7%, measured in 2023.
Compared with earlier readings it is down 309.5% on the previous year and up 58.5% over ten years.
Over the whole period, current account balance in Comoros peaked at 2.2% in 1993 and was at its lowest, -17.3%, in 1984.
Comoros ranks 103rd of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Comoros, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | -3.7% | — |
| 1981 | -3.8% | +4.6% |
| 1982 | -5.4% | +41.6% |
| 1983 | -5.6% | +3.9% |
| 1984 | -17.3% | +207.1% |
| 1985 | -7.4% | -57.1% |
| 1986 | -6.1% | -18.2% |
| 1987 | -6.8% | +12.2% |
| 1988 | -1.9% | -71.6% |
| 1989 | 1.6% | -184.9% |
| 1990 | -2.6% | -258.6% |
| 1991 | -2.6% | -1.9% |
| 1992 | -3.3% | +27.0% |
| 1993 | 2.2% | -168.9% |
| 1994 | -2.3% | -202.4% |
| 1995 | -4.8% | +110.6% |
| 2003 | -3.4% | -30.2% |
| 2004 | -3.3% | -1.2% |
| 2005 | -4.1% | +23.0% |
| 2006 | -3.3% | -20.1% |
| 2007 | -4.0% | +21.4% |
| 2008 | -7.5% | +89.6% |
| 2009 | -4.4% | -42.3% |
| 2010 | -4.3% | -0.4% |
| 2011 | -5.4% | +25.2% |
| 2012 | -4.0% | -25.3% |
| 2014 | -3.8% | -6.7% |
| 2015 | -0.3% | -93.2% |
| 2016 | -4.3% | +1595.6% |
| 2017 | -2.1% | -51.0% |
| 2018 | -2.8% | +32.8% |
| 2019 | -3.3% | +17.6% |
| 2020 | -1.8% | -46.0% |
| 2021 | -0.3% | -82.6% |
| 2022 | -0.4% | +30.7% |
| 2023 | -1.7% | +309.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -5.6% | -17.3% | 1.6% | 10 |
| 1990s | -2.2% | -4.8% | 2.2% | 6 |
| 2000s | -4.3% | -7.5% | -3.3% | 7 |
| 2010s | -3.4% | -5.4% | -0.3% | 9 |
| 2020s | -1.1% | -1.8% | -0.3% | 4 |
Countries ranked near Comoros
More economy & growth data for Comoros
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.14 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.81 Percent per annum (2029)
- Services, value added (current US$), annual growth rate 11.51 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4881 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 1,003 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 7.05 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 213.01 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 437,891 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 3.61 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3819 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance in Comoros?
- Current account balance in Comoros was -1.7% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Comoros?
- The highest recorded value was 2.2% in 1993.
- What is the lowest current account balance recorded in Comoros?
- The lowest recorded value was -17.3% in 1984.
- How does Comoros rank for current account balance?
- Comoros ranks 103rd out of 199 countries with data for 2023.
- Is current account balance rising or falling in Comoros?
- Over the last ten years it is up 58.5%. The long-run trend across the full record is volatile.
- Where does this Comoros data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.