Comoros Current Account to GDP
Comoros recorded a Current Account deficit of 14.10 percent of the country’s Gross Domestic Product in 2011. Current Account to GDP in Comoros is reported by the Bank of Comoros. Historically, from 1980 until 2011, Comoros Current Account to GDP averaged -8 Percent reaching an all time high of 3.63 Percent in December of 1993 and a record low of -30.44 Percent in December of 1984. 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 includes a chart with historical data for Current Account to GDP in Comoros.