Liberia recorded a Current Account deficit of 17.80 percent of the country's Gross Domestic Product in 2020. source: Central Bank of Liberia

Current Account to GDP in Liberia averaged -24.58 percent from 1979 until 2020, 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 August of 2021.

Current Account to GDP in Liberia is expected to reach -18.50 percent of GDP by the end of 2021, 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 -20.60 percent of GDP in 2022 and -21.00 percent of GDP in 2023, according to our econometric models.

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Liberia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-17.80 -21.40 8.91 -64.70 1979 - 2020 percent of GDP Yearly

Liberia Trade Last Previous Highest Lowest Unit
Balance of Trade 23.11 -3.30 23.11 -198.00 USD Million [+]
Current Account -70.25 -103.40 245.60 -1069.00 USD Million [+]
Current Account to GDP -17.80 -21.40 8.91 -64.70 percent of GDP [+]
Imports 95.79 94.23 219.10 3.40 USD Million [+]
Exports 72.72 90.93 90.93 0.00 USD Million [+]
Remittances 36.86 29.13 174.90 22.58 USD Million [+]
Terrorism Index 0.19 0.11 3.01 0.00 [+]
External Debt 964.22 952.97 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.