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.
||1974 - 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 - Madagascar Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.