Current Account to GDP in Lesotho decreased to -3.20 percent in 2019 from -0.30 percent in 2018. source: Central Bank of Lesotho

Current Account to GDP in Lesotho averaged -3.96 percent from 1975 until 2019, 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 May of 2021.

Current Account to GDP in Lesotho is expected to reach -0.70 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 -3.00 percent in 2021 and -5.00 percent in 2022, according to our econometric models.

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Lesotho Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-3.20 -0.30 14.65 -39.67 1975 - 2019 percent Yearly

Lesotho Trade Last Previous Highest Lowest Unit
Balance of Trade -3555.93 -2735.67 -746.93 -3555.93 LSL Million [+]
Current Account -698.37 76.27 1225.42 -1748.23 LSL Million [+]
Current Account to GDP -3.20 -0.30 14.65 -39.67 percent [+]
Exports 4009.87 1962.37 4312.34 476.79 LSL Million [+]
Imports 7565.80 4698.04 7565.80 1337.33 LSL Million [+]
Terrorism Index 0.05 0.10 1.47 0.00 [+]
External Debt 16317.46 14905.35 16317.46 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.