Current account balance in Congo
Congo: Current account balance was 11.6% in 2021. ◆ Volatile
Current account balance in Congo, 1978–2021
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Congo recorded 11.6% for current account balance in 2021.
That represents a change of down 7.9% on the previous year and down 12.6% over ten years.
Over the whole period, current account balance in Congo peaked at 20.1% in 2000 and was at its lowest, -44.8%, in 1994.
That places Congo 20th out of 199 countries with data for 2021, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Congo, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1978 | -20.6% | — |
| 1979 | -8.3% | -59.7% |
| 1980 | -9.8% | +17.9% |
| 1981 | -23.1% | +136.5% |
| 1982 | -15.3% | -33.6% |
| 1983 | -19.1% | +24.6% |
| 1984 | 9.6% | -150.1% |
| 1985 | -7.5% | -177.9% |
| 1986 | -32.5% | +335.3% |
| 1987 | -9.7% | -70.2% |
| 1988 | -20.1% | +107.7% |
| 1989 | -3.6% | -82.3% |
| 1990 | -9.0% | +152.5% |
| 1991 | -16.9% | +88.7% |
| 1992 | -10.8% | -36.3% |
| 1993 | -20.6% | +90.8% |
| 1994 | -44.8% | +117.8% |
| 1995 | -29.5% | -34.1% |
| 1996 | -25.6% | -13.3% |
| 1997 | -6.7% | -73.8% |
| 1998 | -12.3% | +83.9% |
| 1999 | -9.8% | -20.6% |
| 2000 | 20.1% | -305.4% |
| 2001 | -1.0% | -105.1% |
| 2002 | -1.1% | +12.1% |
| 2003 | 14.9% | -1405.1% |
| 2004 | 14.5% | -2.6% |
| 2005 | 10.5% | -27.9% |
| 2006 | 1.5% | -85.3% |
| 2007 | -24.0% | -1659.5% |
| 2008 | 7.5% | -131.1% |
| 2009 | -14.1% | -289.0% |
| 2010 | 6.9% | -148.6% |
| 2011 | 13.2% | +93.2% |
| 2012 | 13.7% | +3.3% |
| 2013 | 10.8% | -21.2% |
| 2014 | 3.8% | -64.8% |
| 2015 | -37.2% | -1081.6% |
| 2016 | -32.9% | -11.7% |
| 2019 | 11.7% | -135.5% |
| 2020 | 12.6% | +7.6% |
| 2021 | 11.6% | -7.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -14.4% | -20.6% | -8.3% | 2 |
| 1980s | -13.1% | -32.5% | 9.6% | 10 |
| 1990s | -18.6% | -44.8% | -6.7% | 10 |
| 2000s | 2.9% | -24.0% | 20.1% | 10 |
| 2010s | -1.3% | -37.2% | 13.7% | 8 |
| 2020s | 12.1% | 11.6% | 12.6% | 2 |
Countries ranked near Congo
More economy & growth data for Congo
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.79 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.01 Percent per annum (2029)
- Gross value added at basic prices (GVA) (current LCU), annual growth -0.4245 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 550.5 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 1.38 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 2.62 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.6209 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 1,561 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 2.62 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 279.36 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is current account balance in Congo?
- Current account balance in Congo was 11.6% in 2021, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Congo?
- The highest recorded value was 20.1% in 2000.
- What is the lowest current account balance recorded in Congo?
- The lowest recorded value was -44.8% in 1994.
- How does Congo rank for current account balance?
- Congo ranks 20th out of 199 countries with data for 2021.
- Is current account balance rising or falling in Congo?
- Over the last ten years it is down 12.6%. The long-run trend across the full record is volatile.
- Where does this Congo 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.
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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.