Financial account balance (assets less liabilities), Net (net) in Sub-Saharan Africa (SSA)
Sub-Saharan Africa (SSA): Financial account balance (assets less liabilities), Net (net) was -12.58 billion in 2024. ◆ Volatile
Financial account balance (assets less liabilities), Net (net) in Sub-Saharan Africa (SSA), 2005–2024
Source: International Monetary Fund.
Analysis
Sub-Saharan Africa (SSA) recorded -12.58 billion for financial account balance (assets less liabilities), net (net) in 2024.
That represents a change of up 78.7% on the previous year and up 85.3% over ten years.
Over the whole period, financial account balance (assets less liabilities), net (net) in Sub-Saharan Africa (SSA) peaked at 58.05 billion in 2006 and was at its lowest, -85.38 billion, in 2014.
The series is highly variable year to year, so single readings are best treated with caution.
Financial account balance (assets less liabilities), Net (net) in Sub-Saharan Africa (SSA), year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 24.31 billion | — |
| 2006 | 58.05 billion | +138.8% |
| 2007 | 5.48 billion | -90.6% |
| 2008 | -2.79 billion | -151.0% |
| 2009 | -54.37 billion | +1846.9% |
| 2010 | -9.73 billion | -82.1% |
| 2011 | -19.04 billion | +95.7% |
| 2012 | -33.44 billion | +75.7% |
| 2013 | -60.55 billion | +81.1% |
| 2014 | -85.38 billion | +41.0% |
| 2015 | -64.79 billion | -24.1% |
| 2016 | -59.74 billion | -7.8% |
| 2017 | -42.87 billion | -28.2% |
| 2018 | -38.11 billion | -11.1% |
| 2019 | -52.92 billion | +38.9% |
| 2020 | -21.82 billion | -58.8% |
| 2021 | -9.40 billion | -56.9% |
| 2022 | -43.51 billion | +362.9% |
| 2023 | -58.99 billion | +35.6% |
| 2024 | -12.58 billion | -78.7% |
Biggest year-on-year movements
Years where Financial account balance (assets less liabilities), Net (net) in Sub-Saharan Africa (SSA) changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | -1846.9% | -2.79 billion | -54.37 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.13 billion | -54.37 billion | 58.05 billion | 5 |
| 2010s | -46.66 billion | -85.38 billion | -9.73 billion | 10 |
| 2020s | -29.26 billion | -58.99 billion | -9.40 billion | 5 |
Countries ranked near Sub-Saharan Africa (SSA)
- 4 Russian Federation 124.06 billion compare
- 5 Netherlands 104.35 billion compare
- 6 Singapore 95.61 billion compare
- 7 Korea 95.21 billion compare
- 8 Chinese Taipei 93.22 billion compare
- 9 Spain 90.59 billion compare
- 10 Ireland 88.88 billion compare
More external debt data for Sub-Saharan Africa (SSA)
- Direct investment, Net (net acquisition of financial assets less net) -37.20 billion (2024)
- Direct investment, Net incurrence of liabilities, Liabilities 43.88 billion (2024)
- Other investment, Net (net acquisition of financial assets less net) 24.78 billion (2024)
- Other investment, Net incurrence of liabilities, Liabilities 13.18 billion (2024)
- Portfolio investment, Net (net acquisition of financial assets less) -20.88 billion (2024)
- Portfolio investment, Net incurrence of liabilities, Liabilities 26.27 billion (2024)
- International investment position, Liabilities, Adjusted using IMF 2.13 trillion (2024)
- International investment position, Net (assets less liabilities) -563.17 billion (2024)
- Financial derivatives (other than reserves) and employee stock -196.19 million (2024)
- Financial derivatives (other than reserves) and employee stock -9.36 billion (2024)
Frequently asked questions
- What is financial account balance (assets less liabilities), net (net) in Sub-Saharan Africa (SSA)?
- Financial account balance (assets less liabilities), net (net) in Sub-Saharan Africa (SSA) was -12.58 billion in 2024, according to International Monetary Fund.
- What is the highest financial account balance (assets less liabilities), net (net) recorded in Sub-Saharan Africa (SSA)?
- The highest recorded value was 58.05 billion in 2006.
- What is the lowest financial account balance (assets less liabilities), net (net) recorded in Sub-Saharan Africa (SSA)?
- The lowest recorded value was -85.38 billion in 2014.
- How does Sub-Saharan Africa (SSA) rank for financial account balance (assets less liabilities), net (net)?
- Sub-Saharan Africa (SSA) ranks 7th out of 9 groups with data for 2024.
- Is financial account balance (assets less liabilities), net (net) rising or falling in Sub-Saharan Africa (SSA)?
- Over the last ten years it is up 85.3%. The long-run trend across the full record is volatile.
- Where does this Sub-Saharan Africa (SSA) data come from?
- The figures come from International Monetary Fund, published as part of Financial account balance (assets less liabilities), Net (net acquisition of financial assets less net incurrence of liabilities), Adjusted using IMF accounting records (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.