Current Account in Sri Lanka

Sri Lanka Current Account | Economic News & Forecasts

Sri Lanka - Current Account

Economic 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

2013  2014  2015  2016  2017  
Current Account (% of GDP)-3.4  -2.5  -2.3  -2.1  -2.6  

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Sri Lanka Current Account Chart


Sri Lanka Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Sri Lanka (CBS)

Sri Lanka Facts

ValueChangeDate
Exchange Rate181.20.02 %Jan 01

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