Lebanon Current Account to GDP
Lebanon recorded a Current Account deficit of 16.18 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Lebanon averaged -14.92 Percent from 2002 until 2013, reaching an all time high of -3.87 Percent in 2012 and a record low of -25.59 Percent in 2003. Current Account to GDP in Lebanon is reported by the World Bank.
||2002 - 2013
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 provides - Lebanon Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.