Republic of the Congo Current Account to GDP
Republic of the Congo recorded a Current Account surplus of 4.90 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Republic of the Congo averaged -8.52 percent from 1978 until 2013, reaching an all time high of 20.13 percent in 2000 and a record low of -44.84 percent in 1994. Current Account to GDP in Republic of the Congo is reported by the CNSEE, Congo.
||1978 - 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 - Republic of the Congo Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.