Net Current Account Total for Comoros
COMBCABP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.16
Year-over-Year Change
10.19%
Date Range
1/1/2000 - 1/1/2026
Summary
The Net Current Account Total for Comoros measures the balance between a country's total exports and imports of goods, services, income, and current transfers. It is an important economic indicator for understanding Comoros' international trade and financial position.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Net Current Account Total for Comoros represents the difference between the value of a country's imports and exports of goods, services, income, and current transfers. It is a key measure of a nation's economic performance and global integration.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on official government sources.
Historical Context
This metric is widely used by economists, policymakers, and investors to assess a country's external balance and competitiveness.
Key Facts
- Comoros had a current account deficit of 8.8% of GDP in 2021.
- The current account balance fluctuates significantly due to Comoros' reliance on imports.
- Improving the current account is a key economic policy goal for the Comoros government.
FAQs
Q: What does this economic trend measure?
A: The Net Current Account Total for Comoros measures the difference between the country's total exports and imports of goods, services, income, and current transfers.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of Comoros' economic performance, international competitiveness, and financial position. It is closely monitored by policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on official government sources.
Q: How is this trend used in economic policy?
A: The current account balance is a key consideration for Comoros' economic policymakers, as they seek to improve the country's international trade and financial position.
Q: Are there update delays or limitations?
A: The current account data for Comoros is published annually with a lag of several months, so there may be delays in accessing the most recent information.
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Real Effective Exchange Rate as Based on Consumer Price Index for Comoros
COMEREERIX
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SPDYNIMRTINCOM
Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Comoros
COMFCLODCHXDC
Bank Deposits to GDP for Comoros
DDOI02KMA156NWDB
Citation
U.S. Federal Reserve, Net Current Account Total for Comoros (COMBCABP6GDPPT), retrieved from FRED.