This article will bring you to the list of the countries with the highest current account deficit in 2017. Insider Monkey has recently published an interesting article about it giving you some advice. A country’s current account is a component of the balance of payments, along with the capital account. Now, the current account is also made out of multiple factors, such as the balance of trade, the net primary income, and the net cash transfers. It all helps measure a country’s foreign trade. When a country has a current account surplus, it indicates that the value of its net foreign assets grew. When it has a current account deficit, it obviously means that it shrank.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three countries with the highest current account deficit in 2017 from their list.
First up on our list is Mauritania, a country located in West Africa, with an estimated population of 4.3 million citizens, spread over 1 million square kilometers (400,000 square miles). The IMF estimates Mauritania’s GDP for 2017 to be around $5.000 billion, a number that puts the country on the 154th spot globally. The next country is Seychelles.Known as a fiscal paradise, Seychelles isn’t doing all that great for itself if we’re to take into account its presence on the list of countries with the highest current account deficit in 2017. Nonetheless, the magnificent territory is called home by over 92,000 people, spread over just 459 square kilometers (177 square miles). The nation’s GDP has been estimated by the International Monetary Fund at close to $1.500 billion. Located in Southern Europe, Montenegro is another nation on the list of countries with the highest current account deficit in 2017. The country is home to close to 679,000 citizens spread over just 13,812 square kilometers (5,333 square miles), so it’s a rather small nation. The nation’s GDP was estimated at $4.250 billion for 2016. Located in West Africa, Sierra Leone is a country whose name is tightly associated with diamonds. The country is home to over 7 million people spread over a territory of 71,740 square kilometers (27,700 square miles). The IMF estimates the country’s GDP to just over $4.088 billion.
For any further useful information, read Insider Monkey’s article about 15 countries with the highest current account deficit in 2017.