Afghanistan: Current account, percent of GDP

* indicates monthly or quarterly data series
 Afghanistan

Current account balance as percent of GDP

 Latest value 11.16
 Year 2020
 Measure percent
 Data availability 2002 - 2020
 Average 21.98
 Min - Max 1.44 - 63.39
 Source Asian Development Bank
For that indicator, we provide data for Afghanistan from 2002 to 2020. The average value for Afghanistan during that period was 21.98 percent with a minimum of 1.44 percent in 2013 and a maximum of 63.39 percent in 2007. The latest value from 2020 is 11.16 percent. For comparison, the world average in 2020 based on 179 countries is -2.71 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Afghanistan - Current account, percent of GDP - Recent values chart

Historical chart
Afghanistan - Current account, percent of GDP - historical chart - 2002-2020




The current account of Afghanistan and other countries has three components: 1) the exports of goods and services minus the imports of goods and services; 2) the difference of incomes that countries pay to each other; and 3) the difference in transfers that countries make to each other. Current account deficits are reported with a minus sign and surpluses are reported with a plus sign.

A current account deficit means that the country needs to find financing for its imports. The foreign currencies it receives from selling products abroad are not enough to pay for the products it wants to buy from other countries. The needed amounts of foreign currencies can be obtained by, for example, borrowing. For instance, in the last several years the U.S. has been borrowing money from China in order to buy Chinese products.

This is not necessarily a problem. The current account deficit starts to be a problem if it exceeds 3-4 percent of GDP for many years. Over that time, the country accumulates a significant amount of foreign debt that eventually has to be repaid.
Definition: Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income.

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 Related indicators Latest value Reference Measure
 Terms of trade 106.03 2021 percent
 Trade openness 51.41 2021 percent
 Financial openness -1.931 2000 index points
 Exports, percent of GDP 14.34 2021 percent
 Exports, billion dollars 2.67 2022 billion U.S. dollars
 Growth of exports 7.24 2021 percent
 Imports, percent of GDP 37.07 2021 percent
 Imports, billion dollars 7.90 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 0.14 2021 percent
 Foreign Direct Investment, billion dollars 0.02 2021 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2020 million dollars (current)
 Current account, percent of GDP 11.16 2020 percent
 Current account, in dollars -3.14 2020 billion U.S. dollars
 Trade balance, percent of GDP -22.73 2021 percent
 Trade balance, in dollars -5.51 2020 billion U.S. dollars
 Reserves 9.75 2020 billion U.S. dollars
 Remittances, percent of GDP 2.10 2021 percent
 Remittances 350.00 2022 million U.S. dollars
 Net errors and omissions 2,997.40 2020 million USD
 External debt 24.77 2021 percent
 Short-term external debt 11.61 2022 percent
 Short-term debt to reserves 4.46 2020 percent
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