Current Account in Sri Lanka

Sri Lanka Current Account | Economic News & Forecasts

Sri Lanka - Current Account

The economic growth was likely dejected in the second quarter, mainly due to a freefall in tourist arrivals following the Easter bombings. Moreover, industrial production growth averaged much lower in Q2 relative to the first quarter, as did the manufacturing and services PMI readings. That said, the economy appeared to get back on its feet towards the end of the quarter, with the services PMI returning to expansionary territory in June and the manufacturing PMI picking up in the same month. Turning to Q3, government measures to bolster the tourism sector—coupled with looser monetary policy and an extension of the IMF program—should be shoring up activity. Indeed, the fall in tourist arrivals, while still sharp, moderated in July.

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

Exchange Rate180.60.02 %Sep 04

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