Current account balance | Central African Rep. – yearly data, chart and table
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Primary data
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In constant 2015 dollars
In local currency (average annual exchange rate)
In local currency (end-of-year exchange rate)
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Overview
The account balance of Central African Rep. in 2024 amounted to -254 million USD. In 2023 it was -242 million USD. This is the first year of decline after a period of growth. Over the entire data period of International Monetary Fund (IMF), since 1980, this indicator has decreased 211million USD. The lowest account balance was recorded in 2022, when it was -319 million USD. The highest value of Central African Rep. was in 1981, when it reached -4 million USD. This indicator is related to the balance of payments, which is a statement that summarizes economic transactions between residents and nonresidents during a specific time period. It consists of the goods and services account (the trade balance), the primary account, the secondary income account, the capital account, and the financial account.
Additional infomation:
About indicator
The balance of payments is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.
