Current Account in Sri Lanka
Sri Lanka - Current AccountEconomic growth should have picked up, albeit modestly, in the third quarter from the second quarter. The index of industrial production in the manufacturing sector was, on average, significantly stronger in Q3, while the services PMI was also robust. Nevertheless, merchandise exports remained depressed in Q3, as were tourist arrivals; that said, arrivals in November declined at the softest rate since April. Turning to the fourth quarter, the economy will likely expand at a relatively steady pace, with accommodative credit conditions supporting private sector demand for loans. Meanwhile, in politics, Gotabaya Rajapaksa won the presidential election on 16 November, which propelled Sri Lankan stocks and the rupee. Rajapaksa has pledged to make national security a key priority and is also expected to halve the VAT to kickstart household spending.
Sri Lanka - Current Account Data
|Current Account (% of GDP)||-3.4||-2.5||-2.3||-2.1||-2.6|
5 years of economic forecasts for more than 30 economic indicators.
Sri Lanka Current Account Chart
Source: Central Bank of Sri Lanka (CBS)
Sri Lanka Facts
|Exchange Rate||181.2||0.02 %||Jan 01|
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