Current Account in Sri Lanka

Sri Lanka Current Account (USD bn) | Economic News & Forecasts

Sri Lanka - Current Account (billions of U.S. Dollars)

The economy gained steam in Q2, growing 12.3% in annual terms after expanding 4.3% in Q1, although this was mainly owing to a favorable base effect. Among notable subsector movements, construction and textile manufacturing posted solid growth. Meanwhile, Q3 seemingly got off to a strong start as eased restrictions in early July benefited activity, which was reflected in both PMI readings for the month. However, the lockdown imposed in late August, and now extended until 1 October, has jeopardized this quarter’s performance, with both PMIs falling back into contractionary territory in August. In other news, S&P Global Ratings recently affirmed the country’s CCC+/C rating, but revised the outlook from stable to negative. The move came as the country faces a dire external debt position, amid harsh financing conditions in international capital markets and low reserves.

Sri Lanka - Current Account (USD bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (USD bn)-1.9  -1.7  -2.3  -2.8  -1.8  

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Sri Lanka Current Account (USD bn) Chart


Sri Lanka Current Account
Note: Current account balance in USD.
Source: IMF

Sri Lanka Facts

Value Change Date
Exchange Rate181.20.02 %Jan 01

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