Central African Republic: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Central African Republic |
Trade balance as percent of GDP |
|---|---|
| Latest value | -14.60 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1960 - 2023 |
| Average | -10.76 |
| Min - Max | -22.62 - 0.24 |
| Source | The World Bank |
The latest value from 2023 is -14.6 percent, an increase from -20.63 percent in 2022. In comparison, the world average is -3.03 percent, based on data from 137 countries. Historically, the average for the Central African Republic from 1960 to 2023 is -10.76 percent. The minimum value, -22.62 percent, was reached in 2017 while the maximum of 0.24 percent was recorded in 2003.
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* indicates monthly or quarterly data series
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The trade balance for the Central African Republic and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 92.53 | 2021 | percent |
| Trade openness | 43.48 | 2023 | percent |
| Financial openness | -1.242 | 2021 | index points |
| Exports, percent of GDP | 14.44 | 2023 | percent |
| Exports, billion dollars | 0.37 | 2023 | billion U.S. dollars |
| Growth of exports | 18.42 | 2023 | percent |
| Imports, percent of GDP | 29.04 | 2023 | percent |
| Imports, billion dollars | 0.74 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.52 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.00 | 2002 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 1992 | million dollars (current) |
| Current account, percent of GDP | -8.50 | 2023 | percent |
| Current account, in dollars | -0.02 | 1994 | billion U.S. dollars |
| Trade balance, percent of GDP | -14.60 | 2023 | percent |
| Trade balance, in dollars | -0.07 | 1994 | billion U.S. dollars |
| Reserves | 0.37 | 2022 | billion U.S. dollars |
| Remittances, percent of GDP | 0.00 | 2023 | percent |
| Remittances | 0.00 | 2023 | million U.S. dollars |
| Net errors and omissions | -4.68 | 1994 | million USD |
| External debt | 40.58 | 2022 | percent |
| Short-term external debt | 7.24 | 2023 | percent |
| Short-term debt to reserves | 27.34 | 2022 | percent |