• 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
58
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Gold Price Hits Record High as Investors Seek Safety

Nigeria: Forex Traders Say Chinese Traders Now Collecting Naira Instead of Dollars

Chinese Firm Faces $420 Million Zambia Mine Spill Damages Claims

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

60% of Africans Don’t Believe Democracy is Working in Their Interests – How Parliaments Can Fix The Problem

Banking Sector the Most Robust and Advanced Sector in Fight Against Money Laundering – Report

West Africa: Ghana Flagged as Target for Illicit Financial Flows in Latest National Risk Assessment

Central Bank Raises GH¢2.34bn in Short-Term Bill Sale at Nearly 25% Yield

Summer 2025 Transfer Window: Record-Breaking Moves Reshape European Football

Chamber of Mines Cautions Government Against Halving Mining Lease Tenure

Trending

Business

Gold Price Hits Record High as Investors Seek Safety

September 2, 2025

Gold Price Hits Record High as Investors Seek Safety The price of gold has hit a record...

Nigeria: Forex Traders Say Chinese Traders Now Collecting Naira Instead of Dollars

September 2, 2025

Chinese Firm Faces $420 Million Zambia Mine Spill Damages Claims

September 2, 2025

60% of Africans Don’t Believe Democracy is Working in Their Interests – How Parliaments Can Fix The Problem

September 2, 2025

Banking Sector the Most Robust and Advanced Sector in Fight Against Money Laundering – Report

September 2, 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.