Zambia Current Account to GDP
Zambia recorded a Current Account surplus of 5.40 percent of the country’s Gross Domestic Product in 2011. Current Account to GDP in Zambia is reported by the Bank of Zambia. Historically, from 1978 until 2011, Zambia Current Account to GDP averaged -9.7 percent reaching an all time high of 5.4 percent in December of 2011 and a record low of -20.9 percent in December of 1986. 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 Zambia.