Net Current Account Total for Lesotho
LSOBCABP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.15
Year-over-Year Change
-36.11%
Date Range
1/1/2000 - 1/1/2026
Summary
The Net Current Account Total for Lesotho measures the balance of international payments, tracking exports, imports, and net income from foreign sources. This metric is a key indicator of Lesotho's economic health and trade position.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Net Current Account Total represents the sum of Lesotho's trade balance, net income from investments and services, and unilateral transfers. This comprehensive measure provides insight into Lesotho's integration with the global economy and can inform economic policymaking.
Methodology
The data is collected and calculated by the Central Bank of Lesotho based on reports from financial institutions and trade statistics.
Historical Context
Analysts and policymakers use the Net Current Account Total to assess Lesotho's international competitiveness and external financing needs.
Key Facts
- Lesotho's current account balance averaged -7.7% of GDP from 2010-2020.
- The current account deficit is largely driven by the trade deficit in goods.
- Remittances from Basotho workers in South Africa are a significant source of current account inflows.
FAQs
Q: What does this economic trend measure?
A: The Net Current Account Total for Lesotho measures the balance of international payments, tracking exports, imports, and net income from foreign sources.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Lesotho's integration with the global economy and can inform economic policymaking and assessments of the country's international competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Lesotho based on reports from financial institutions and trade statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use the Net Current Account Total to assess Lesotho's external financing needs and international competitiveness.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Net Current Account Total for Lesotho (LSOBCABP6GDPPT), retrieved from FRED.