Namibia Current Account to GDP
Namibia recorded a Current Account deficit of 6.20 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Namibia averaged 2.67 Percent from 1990 until 2013, reaching an all time high of 13.80 Percent in 2006 and a record low of -7.50 Percent in 2012. Current Account to GDP in Namibia is reported by the Bank of Namibia.
||1990 - 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 - Namibia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.