Madagascar Current Account to GDP

Madagascar recorded a Current Account deficit of 8.80 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Madagascar averaged -7.72 Percent from 1974 until 2013, reaching an all time high of -0.64 Percent in 1977 and a record low of -21.10 Percent in 2009. Current Account to GDP in Madagascar is reported by the Central Bank of Madagascar.


Madagascar Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-8.80 -8.30 -0.64 -21.10 1974 - 2013 Percent Yearly
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 - Madagascar Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Trade Last Previous Highest Lowest Unit
Balance of Trade 3826.00 -122774.00 3826.00 -696114.00 million MGA [+]
Exports 358055.00 286577.00 398058.00 103532.00 million MGA [+]
Imports 354229.00 409321.00 846162.00 253874.00 million MGA [+]
Current Account -76.60 -90.10 36.70 -572.90 DTS Million [+]
Current Account to GDP -8.80 -8.30 -0.64 -21.10 Percent [+]

Overview    |     Worldbank    |     Calendar    |     Countries    |     Indicators    |     News