Zimbabwe Current Account to GDP

Zimbabwe recorded a Current Account deficit of 35.30 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Zimbabwe is reported by the Reserve Bank of zimbabwe. From 1977 until 2012, Zimbabwe Current Account to GDP averaged -7.6 Percent reaching an all time high of 1.6 Percent in December of 1988 and a record low of -38.7 Percent in December of 2011. 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 - Zimbabwe Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-35.30 -38.70 1.60 -38.70 -35.41 | 2013/12 1977 - 2012 Percent Yearly

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Zimbabwe Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -3600.00 2012-12-31 -1187.60 317.00 -3600.00 -4123.70 2013-12-31 USD Million [+]
Current Account -1256.40 2011-12-31 -1852.50 698.00 -1852.50 -1231.02 2012-12-31 USD Million [+]
Current Account to GDP -35.30 2012-12-31 -38.70 1.60 -38.70 -35.41 2013-12-31 Percent [+]
Exports 3884.00 2012-12-31 4035.20 4035.20 1602.00 3887.95 2013-12-31 USD Million [+]
Imports 7484.00 2012-12-31 5222.90 7484.00 1512.00 7833.62 2013-12-31 USD Million [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Zimbabwe Interest Rate at 14.11 percent  
The benchmark interest rate in Zimbabwe was last recorded at 14.11 percent. Interest Rate in Zimbabwe is reported by the Reserve Bank of Zimbabwe.
Zimbabwe Corporate Tax Rate at 25.75 percent  
The Corporate Tax Rate in Zimbabwe stands at 25.75 percent. Corporate Tax Rate in Zimbabwe is reported by the Zimbabwe Revenue Authority.
Zimbabwe Inflation Rate at -0.49 percent  
The inflation rate in Zimbabwe was recorded at -0.49 percent in February of 2014. Inflation Rate in Zimbabwe is reported by the Reserve bank of Zimbabwe.
Zimbabwe Balance of Trade at -3600.00 USD Million  
Zimbabwe recorded a trade deficit of 3600 USD Million in 2012. Balance of Trade in Zimbabwe is reported by the Reserve Bank of Zimbabwe.
Zimbabwe Current Account at -1256.40 USD Million  
Zimbabwe recorded a Current Account deficit of 1256.40 USD Million in 2011. Current Account in Zimbabwe is reported by the Reserve Bank of Zimbabwe.
Zimbabwe Government Budget at -4.00 Percent of GDP  
Zimbabwe recorded a Government Budget deficit equal to 4 percent of the country's Gross Domestic Product in 2012. Government Budget in Zimbabwe is reported by the Reserve Bank of Zimbabwe.
Zimbabwe Personal Income Tax Rate at 46.40 percent  
The Personal Income Tax Rate in Zimbabwe stands at 46.40 percent. Personal Income Tax Rate in Zimbabwe is reported by the Zimbabwe Revenue Authority.
Zimbabwe GDP per capita at 428.54 USD  
The Gross Domestic Product per capita in Zimbabwe was last recorded at 428.54 US dollars in 2012. The GDP per Capita in Zimbabwe is equivalent to 3 percent of the worlds average. GDP per capita in Zimbabwe is reported by the World Bank.
Zimbabwe GDP at 10.80 USD Billion  
The Gross Domestic Product (GDP) in Zimbabwe was worth 10.80 billion US dollars in 2012. The GDP value of Zimbabwe represents 0.02 percent of the world economy. GDP in Zimbabwe is reported by the World Bank.
Zimbabwe Population at 12.97 million  
The total population in Zimbabwe was last recorded at 13.0 million people in 2012 from 3.8 million in 1960, changing 246 percent during the last 50 years. Population in Zimbabwe is reported by the ZIMSTAT.
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