• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

10 African countries with the highest current account balance in 2023

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
59
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Nigeria, Kenya Follow Ghana’s Trailblazing GoldBod to Strengthen Economies

Morocco Crowned World Champions at the FIFA U-20 World Cup

GPL: Gold Stars Seek Redemption, Eleven Wonders Hunt First Win in Super Monday Doubleheader

10 African countries with the highest current account balance in 2023

In economics, the current account balance is an essential indicator that provides information on a nation’s state of economy, position in international commerce, and general financial soundness.

It is made up of several parts that represent a country’s dealings with the outside world, including commerce, investment revenue, and transfer payments.

According to the World Economic Forum, a country’s current account balance tracks the amount of money it has coming in and going out.

To elaborate, the current account balance is a part of a country’s balance of payments, a comprehensive record of all economic transactions between that country and the rest of the world over a specific period, usually a year.

According to the International Monetary Fund’s World Economic Output report, the total of absolute surpluses and deficits in the world’s current account balances was predicted to reduce in 2023 after rising significantly in 2022.

 

The conflict in Ukraine led to a widening of the trade balances for oil and other commodities, which in turn generated a rise in current account balances in 2022.

With that said below are the 10 African countries with the highest balance of money going in and out of its economy in 2023.

RankCountryCurrent account balance (% of GDP)
1.Libya21.3
2.Eswatini6.3
3.Democratic Republic of Congo4.0
4.Zambia3.8
5.Angola3.1
6.Algeria2.9
7.South Sudan2.3
8.Zimbabwe0.9
9.Botswana0.8
10.Nigeria0.7
Tags: 10 African countries with the highest current account balance in 2023BoPCurrent Account BalanceIMF
No Result
View All Result

Highlights

OMCs Begin Over 4% Fuel Price Reductions Amid Cedi Gains and Decline in Global Oil Prices

Nigerians to pay more for ChatGPT on OpenAI’s 7.5% VAT

Prof. Baah-Boateng Urges Bank of Ghana to Prioritise Cedi Stability Amid Sharp Currency Swings

IMF Executive Board to Consider Ghana’s Fifth Programme Review in Early December

Rwanda Emerges as Africa’s First AI Scaling Hub With $17.5 Million Funding Boost

Engineers & Planners Reconstitutes Board and Management of Azumah Resources After Securing Ownership of Gold Mining Firm

Trending

Business

Nigeria, Kenya Follow Ghana’s Trailblazing GoldBod to Strengthen Economies

October 20, 2025

Nigeria, Kenya Follow Ghana’s Trailblazing GoldBod to Strengthen Economies As Ghana’s Gold Board (GoldBod) continues to reap...

Morocco Crowned World Champions at the FIFA U-20 World Cup

October 20, 2025

GPL: Gold Stars Seek Redemption, Eleven Wonders Hunt First Win in Super Monday Doubleheader

October 20, 2025

OMCs Begin Over 4% Fuel Price Reductions Amid Cedi Gains and Decline in Global Oil Prices

October 20, 2025

Nigerians to pay more for ChatGPT on OpenAI’s 7.5% VAT

October 20, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.