Net Current Account Total for Zimbabwe
ZWEBCABP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.06
Year-over-Year Change
-125.59%
Date Range
1/1/2000 - 1/1/2026
Summary
The Net Current Account Total for Zimbabwe measures the balance of trade and capital flows between Zimbabwe and the rest of the world. It is a key economic indicator used by policymakers to assess the country's external 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 Zimbabwe represents the sum of the balance of trade (exports minus imports), net income from abroad, and net current transfers. It is an important metric for evaluating Zimbabwe's international economic relationships and competitiveness.
Methodology
The data is collected and reported by the Reserve Bank of Zimbabwe based on balance of payments surveys and calculations.
Historical Context
Governments and central banks closely monitor the current account balance to inform monetary and fiscal policies.
Key Facts
- Zimbabwe has run a current account deficit for over a decade.
- The current account deficit reached a high of 22.5% of GDP in 2017.
- A current account deficit can signal weaknesses in a country's trade and competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Net Current Account Total for Zimbabwe measures the balance of trade, income, and transfers between Zimbabwe and the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of a country's international economic position and competitiveness. It informs policies related to trade, exchange rates, and capital flows.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Reserve Bank of Zimbabwe based on balance of payments surveys and calculations.
Q: How is this trend used in economic policy?
A: Governments and central banks monitor the current account balance to inform monetary and fiscal policies aimed at promoting external stability and competitiveness.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months. The accuracy may be affected by estimation methods and reporting challenges in Zimbabwe.
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Citation
U.S. Federal Reserve, Net Current Account Total for Zimbabwe (ZWEBCABP6GDPPT), retrieved from FRED.