Sierra Leone recorded a Current Account deficit of 11.70 percent of the country's Gross Domestic Product in 2019. source: Bank of Sierra Leone

Current Account to GDP in Sierra Leone averaged -10.43 percent from 1977 until 2019, reaching an all time high of 28.71 percent in 1986 and a record low of -52.30 percent in 2011. This page provides - Sierra Leone Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sierra Leone Current Account to GDP - values, historical data and charts - was last updated on November of 2020.

Current Account to GDP in Sierra Leone is expected to reach -20.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sierra Leone Current Account to GDP is projected to trend around -18.00 percent in 2021 and -17.20 percent in 2022, according to our econometric models.

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Sierra Leone Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-11.70 -13.80 28.71 -52.30 1977 - 2019 percent Yearly

Sierra Leone Trade Last Previous Highest Lowest Unit
Balance of Trade -883.10 -50.75 81.83 -883.10 USD Million [+]
Current Account -646.10 -526.10 140.74 -1913.51 USD Million [+]
Current Account to GDP -11.70 -13.80 28.71 -52.30 percent [+]
Imports 908.57 103.67 908.57 0.83 USD Million [+]
Exports 25.47 52.92 197.99 0.02 USD Million [+]
Terrorism Index 0.46 1.07 3.99 0.00 [+]
Tourist Arrivals 7530.00 5493.00 9016.00 888.00 Persons [+]


Sierra Leone 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.