Guinea Bissau Current Account to GDP
Guinea Bissau recorded a Current Account deficit of 6.60 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Guinea Bissau averaged -19.33 Percent from 1982 until 2013, reaching an all time high of 2.65 Percent in 2004 and a record low of -52.69 Percent in 1985. Current Account to GDP in Guinea Bissau is reported by the Central Bank of West African States (BCEAO).
||1982 - 2013
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 - Guinea Bissau Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.