Comoros recorded a Current Account deficit of 4.30 percent of the country's Gross Domestic Product in 2020. source: Banque Centrale des Comores

Current Account to GDP in Comoros averaged -6.90 percent of GDP from 1980 until 2020, reaching an all time high of 3.63 percent of GDP in 1993 and a record low of -30.44 percent of GDP in 1984. This page provides - Comoros Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Comoros Current Account to GDP - values, historical data and charts - was last updated on September of 2021.

Current Account to GDP in Comoros is expected to reach -3.10 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Comoros Current Account to GDP is projected to trend around -3.40 percent of GDP in 2022 and -3.20 percent of GDP in 2023, according to our econometric models.

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Comoros Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-3.30 -3.20 3.63 -30.44 1980 - 2020 percent of GDP Yearly

Comoros Trade Last Previous Highest Lowest Unit
Balance of Trade -111895.00 -103350.00 -16776.00 -111895.00 KMF Million [+]
Current Account -10280.00 -16437.00 -1099.00 -23013.00 KMF Million [+]
Current Account to GDP -3.30 -3.20 3.63 -30.44 percent of GDP [+]
Exports 8924.00 17276.00 17642.00 2190.00 KMF Million [+]
Imports 120819.00 120626.00 120819.00 22241.00 KMF Million [+]
Remittances 7922.00 7919.00 9076.00 20.00 KMF Million [+]
Tourist Arrivals 45077.00 35900.00 45077.00 11396.00 Person [+]

Comoros Current Account to GDP
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.