Ethiopia Current Account to GDP
Ethiopia recorded a Current Account deficit of 5.40 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Ethiopia averaged -2.83 Percent from 1981 until 2013, reaching an all time high of 1.82 Percent in 1994 and a record low of -9.40 Percent in 2006. Current Account to GDP in Ethiopia is reported by the National Bank of Ethiopia.
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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. This page provides - Ethiopia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.