Swaziland Current Account to GDP
Swaziland recorded a Current Account deficit of 11.40 percent of the country’s Gross Domestic Product in 2011. Historically, from 1974 until 2011, Swaziland Current Account to GDP averaged -3.2 Percent of GDP reaching an all time high of 17.9 Percent of GDP in December of 1975 and a record low of -29.0 Percent of GDP in December of 1979. 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. This page includes a chart with historical data for Current Account to GDP in Swaziland.
