Current account balance excluding net official capital grants in Africa
Africa: Current account balance excluding net official capital grants was -0.7% in 2011. ◆ Volatile
Latest (2011)
-0.7%
Change on year
down 52.9%
Rank
3rd
of 6 groups
All-time high
7.1%
in 2006
All-time low
-1.9%
in 2009
Years of data
7
2005–2011
Current account balance excluding net official capital grants in Africa, 2005–2011
Source: World Bank country economists. Measured in % of GDP.
Analysis
In 2011, current account balance excluding net official capital grants in Africa stood at -0.7%.
The figure is down 52.9% on the previous year and down 110.8% over ten years.
Current account balance excluding net official capital grants in Africa, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 6.7% | — |
| 2006 | 7.1% | +5.9% |
| 2007 | 4.8% | -32.8% |
| 2008 | 3.7% | -21.5% |
| 2009 | -1.9% | -150.3% |
| 2010 | -0.5% | -74.9% |
| 2011 | -0.7% | +52.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.1% | -1.9% | 7.1% | 5 |
| 2010s | -0.6% | -0.7% | -0.5% | 2 |
Countries ranked near Africa
More trade data for Africa
- Milking, dairy machinery (trade) — Import Value 64,599 1000 USD (2007)
- Milking, dairy machinery (trade) — Export Value 2,418 1000 USD (2007)
- Ploughs (e.g. reversible and non-reversible ploughs) — Import Value 12,951 1000 USD (2007)
- Pedestrian controlled tractors (single axle tractors) — Import Value 20,251 1000 USD (2007)
- Net long-term borrowing 496.17 million BoP, current US$ (2011)
- Pesticides imports 992.27 million FAO, current US$ (2011)
- Manure spreaders and Fertiliser distributors — Import Value 8,033 1000 USD (2007)
- Food imports excluding fish 51.61 billion FAO, current US$ (2010)
- Total agricultural imports 62.76 billion FAO, current US$ (2010)
- Cereal imports 18.44 billion FAO, current US$ (2010)
Frequently asked questions
- What is current account balance excluding net official capital grants in Africa?
- Current account balance excluding net official capital grants in Africa was -0.7% in 2011, according to World Bank country economists.
- What is the highest current account balance excluding net official capital grants recorded in Africa?
- The highest recorded value was 7.1% in 2006.
- What is the lowest current account balance excluding net official capital grants recorded in Africa?
- The lowest recorded value was -1.9% in 2009.
- How does Africa rank for current account balance excluding net official capital grants?
- Africa ranks 3rd out of 6 groups with data for 2011.
- Is current account balance excluding net official capital grants rising or falling in Africa?
- Over the last ten years it is down 110.8%. The long-run trend across the full record is volatile.
- Where does this Africa data come from?
- The figures come from World Bank country economists, published as part of Current account balance excluding net official capital grants (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 7 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Current account balance is the sum of net exports of goods, services, net income, and net current transfers. This is divided by GDP at market prices, with both series expressed in current U.S. dollars.