Lesotho recorded a Current Account deficit of 0.30 percent of the country's Gross Domestic Product in 2018. source: Central Bank of Lesotho

Current Account to GDP in Lesotho averaged -3.96 percent from 1975 until 2018, reaching an all time high of 14.65 percent in 1994 and a record low of -39.67 percent in 1995. This page provides - Lesotho Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lesotho Current Account to GDP - values, historical data and charts - was last updated on December of 2020.

Current Account to GDP in Lesotho is expected to reach -11.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lesotho Current Account to GDP is projected to trend around -8.70 percent in 2021 and -6.40 percent in 2022, according to our econometric models.

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Lesotho Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -6.20 14.65 -39.67 1975 - 2018 percent Yearly

Lesotho Trade Last Previous Highest Lowest Unit
Balance of Trade -3234.50 -2588.40 -746.93 -3384.90 LSL Million [+]
Current Account -730.40 -41.90 1225.42 -1748.23 LSL Million [+]
Current Account to GDP -0.30 -6.20 14.65 -39.67 percent [+]
Exports 3420.90 3917.10 4253.73 476.79 LSL Million [+]
Imports 6655.40 6505.50 6655.40 1337.33 LSL Million [+]
Terrorism Index 0.10 0.19 1.47 0.00 [+]
External Debt 14905.35 13687.88 14905.35 3932.60 Million LSL [+]


Lesotho Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.