Net Current Account Total for Congo, Republic of
COGBCABP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.46
Year-over-Year Change
-45.24%
Date Range
1/1/2000 - 1/1/2026
Summary
The Net Current Account Total for Congo, Republic of measures the difference between a country's total exports and total imports, providing insight into its trade balance and economic performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The net current account balance represents the net flow of a country's international trade in goods, services, and income. It is a key indicator of a nation's economic health and can inform policy decisions related to trade, investment, and exchange rates.
Methodology
The data is collected and calculated by the World Bank based on national account statistics.
Historical Context
Policymakers and economists use this metric to assess a country's external position and competitiveness in global markets.
Key Facts
- Congo's net current account balance was -2.706 billion USD in 2021.
- The current account deficit was equivalent to 6.3% of Congo's GDP in 2021.
- Congo's current account has been in deficit for the past decade.
FAQs
Q: What does this economic trend measure?
A: The Net Current Account Total for Congo, Republic of measures the difference between the country's total exports and total imports, representing its trade balance.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Congo's external economic position and competitiveness, which is crucial for policymakers and economists assessing the country's economic health and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national account statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to inform decisions related to trade, investment, and exchange rate policies, as it reflects a country's external position and competitiveness in global markets.
Q: Are there update delays or limitations?
A: The data is subject to update delays, as it relies on national account statistics, which may not be immediately available.
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Citation
U.S. Federal Reserve, Net Current Account Total for Congo, Republic of (COGBCABP6GDPPT), retrieved from FRED.