Gambia Current Account to GDP

Gambia recorded a Current Account surplus of 11.30 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Gambia is reported by the Central Bank of The Gambia. Current Account to GDP in Gambia averaged -5.67 Percent from 1978 until 2012, reaching an all time high of 12.10 Percent in 1988 and a record low of -37.57 Percent in 1980. 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 - Gambia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
11.30 -17.50 12.10 -37.57 33.81 | 2014/03 1978 - 2012 Percent Yearly

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Gambia Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -1159.07 2013-09-30 -1271.16 -378.77 -2051.06 -2088.51 2013-12-31 million GMD [+]
Current Account 587.48 2013-09-30 858.53 1463.28 -3586.00 -164.50 2013-12-31 Dalasi Million [+]
Current Account to GDP 11.30 2012-12-31 -17.50 12.10 -37.57 33.81 2014-03-31 Percent [+]
Exports 1147.33 2013-09-30 1132.24 1452.73 42.59 958.91 2013-12-31 million GMD [+]
Imports 2306.40 2013-09-30 2403.40 3029.86 1520.40 3528.25 2013-12-31 million GMD [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Gambia Interest Rate at 20.00 Percent  
The benchmark interest rate in Gambia was last recorded at 20 percent. Interest Rate in Gambia is reported by the Central Bank of The Gambia.
Gambia Inflation Rate at 5.60 Percent  
The inflation rate in Gambia was recorded at 5.60 percent in December of 2013. Inflation Rate in Gambia is reported by the Central Statistics Department of The Gambia.
Gambia Government Budget at -8.00 Percent of GDP  
Gambia recorded a Government Budget deficit equal to 8 percent of the country's Gross Domestic Product in 2013. Government Budget in Gambia is reported by the Central Bank of The Gambia.
Gambia Sales Tax Rate | VAT at 15.00 Percent  
The Sales Tax Rate in Gambia stands at 15 percent. Sales Tax Rate in Gambia is reported by the Ministry of Finance.
Gambia Current Account to GDP at 11.30 Percent  
Gambia recorded a Current Account surplus of 11.30 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Gambia is reported by the Central Bank of The Gambia.
Gambia GDP Annual Growth Rate at 5.60 Percent  
The Gross Domestic Product (GDP) in Gambia expanded 5.60 percent in 2013 from the previous year. GDP Annual Growth Rate in Gambia is reported by the Central Bank of The Gambia.
Gambia Balance of Trade at -1159.07 million GMD  
Gambia recorded a trade deficit of 1159.07 million GMD in the third quarter of 2013. Balance of Trade in Gambia is reported by the Central Bank of The Gambia.
Gambia Current Account at 587.48 Dalasi Million  
Gambia recorded a Current Account surplus of 587.48 Dalasi Million in the third quarter of 2013. Current Account in Gambia is reported by the Central Bank of The Gambia.
Gambia Imports at 2306.40 million GMD  
Imports in Gambia decreased to 2306.40 million GMD in the third quarter of 2013 from 2403.40 million GMD in the second quarter of 2013. Imports in Gambia is reported by the Central Bank of The Gambia.
Gambia Exports at 1147.33 million GMD  
Exports in Gambia increased to 1147.33 million GMD in the third quarter of 2013 from 1132.24 million GMD in the second quarter of 2013. Exports in Gambia is reported by the Central Bank of The Gambia.
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