Lesotho recorded a Current Account deficit of 2.70 percent of the country's Gross Domestic Product in 2020. source: Central Bank of Lesotho

Current Account to GDP in Lesotho averaged -3.99 percent of GDP from 1975 until 2020, reaching an all time high of 14.65 percent of GDP in 1994 and a record low of -39.67 percent of GDP 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 2021.

Current Account to GDP in Lesotho is expected to reach -9.00 percent of GDP by the end of 2021, 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 -15.00 percent of GDP in 2022 and -13.00 percent of GDP in 2023, according to our econometric models.

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Lesotho Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.70 -4.10 14.65 -39.67 1975 - 2020 percent of GDP Yearly

Lesotho Trade Last Previous Highest Lowest Unit
Balance of Trade -2958.20 -3051.97 -746.93 -3578.55 LSL Million [+]
Current Account 83.62 -147.13 1225.42 -1748.23 LSL Million [+]
Current Account to GDP -2.70 -4.10 14.65 -39.67 percent of GDP [+]
Exports 3350.16 4298.70 4312.34 476.79 LSL Million [+]
Imports 6308.36 7350.67 7565.80 1337.33 LSL Million [+]
Terrorism Index 0.05 0.10 1.47 0.00 [+]
External Debt 13665.43 13631.19 16409.27 0.00 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.