Sierra Leone recorded a Current Account deficit of 13.90 percent of the country's Gross Domestic Product in 2021. source: Bank of Sierra Leone

Current Account to GDP in Sierra Leone averaged -10.69 percent of GDP from 1977 until 2021, reaching an all time high of 28.71 percent of GDP in 1986 and a record low of -52.30 percent of GDP 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 February of 2023.

Current Account to GDP in Sierra Leone is expected to reach -8.00 percent of GDP by the end of 2022, 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 -7.60 percent of GDP in 2023 and -7.00 percent of GDP in 2024, according to our econometric models.

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Sierra Leone Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade -150.52 -75.00 USD Million Sep 2022
Current Account to GDP -13.90 -16.70 percent of GDP Dec 2021
Current Account -275637583.37 -915430405.12 USD Million Dec 2020
Imports 210.17 139.74 USD Million Sep 2022
Exports 59.65 64.74 USD Million Sep 2022
Tourist Arrivals 3545.00 4263.00 Aug 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-13.90 -16.70 28.71 -52.30 1977 - 2021 percent of GDP Yearly