Equatorial Guinea Current Account to GDP
Equatorial Guinea recorded a Current Account deficit of 14.40 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Equatorial Guinea averaged -17.53 percent from 1987 until 2018, reaching an all time high of 27.40 percent in 2006 and a record low of -112.90 percent in 1996. 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 - Equatorial Guinea Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.