Gabon recorded a Current Account deficit of 9.50 percent of the country's Gross Domestic Product in 2020. source: Direction Générale des Statistiques du Gabon

Current Account to GDP in Gabon averaged 6.33 percent of GDP from 1978 until 2020, reaching an all time high of 27.30 percent of GDP in 1980 and a record low of -19.40 percent of GDP in 1986. This page provides - Gabon Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Gabon Current Account to GDP - values, historical data and charts - was last updated on June of 2021.

Current Account to GDP in Gabon is expected to reach -3.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Gabon Current Account to GDP is projected to trend around -1.00 percent of GDP in 2022 and 0.60 percent of GDP in 2023, according to our econometric models.

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Gabon Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-9.50 -0.30 27.30 -19.40 1978 - 2020 percent of GDP Yearly

Gabon Trade Last Previous Highest Lowest Unit
Balance of Trade 1701.74 1487.64 3233.90 439.16 CFA Billion [+]
Current Account -146.47 -188.45 1714.92 -348.54 CFA Billion [+]
Current Account to GDP -9.50 -0.30 27.30 -19.40 percent of GDP [+]
Crude Oil Production 171.00 184.00 374.00 150.00 BBL/D/1K [+]
Terrorism Index 1.43 0.55 1.43 0.00 [+]


Gabon 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.