Liberia recorded a Current Account deficit of 22.30 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Liberia averaged -24.88 percent from 1979 until 2019, reaching an all time high of 8.91 percent in 1981 and a record low of -64.70 percent in 2011. This page provides - Liberia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Liberia Current Account to GDP - values, historical data and charts - was last updated on October of 2020.

Current Account to GDP in Liberia is expected to reach -32.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Liberia Current Account to GDP is projected to trend around -25.00 percent in 2021 and -21.00 percent in 2022, according to our econometric models.

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Liberia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-22.30 -20.90 8.91 -64.70 1979 - 2019 percent Yearly

Liberia Trade Last Previous Highest Lowest Unit
Balance of Trade -90.00 -64.80 15.10 -198.00 USD Million [+]
Current Account -130.66 -225.04 245.60 -1069.00 USD Million [+]
Current Account to GDP -22.30 -20.90 8.91 -64.70 percent [+]
Imports 109.10 99.10 219.10 3.40 USD Million [+]
Exports 19.00 34.30 83.50 0.00 USD Million [+]
Remittances 23.82 24.47 174.90 22.58 USD Million [+]
Terrorism Index 0.11 0.21 3.01 0.00 [+]
External Debt 916.13 898.68 1681.92 222.80 USD Million [+]


Liberia 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.