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

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 September of 2020.

Current Account to GDP in Lesotho is expected to reach 0.60 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 1.30 percent in 2021 and 1.40 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 13687.88 13013.53 13687.88 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.