Current account balance in relation to GDP in East Africa 2020-2023
The current account balance in East Africa was estimated at minus 7.1 percent of the region's Gross Domestic Product (GDP) in 2021. It might worsen from minus 5.4 percent of GDP in the previous year. According to the source, this deterioration could be in part related to an increase in imports as trade corridors reopen after the coronavirus (COVID-19) crisis.
