Trade Balance in Sri Lanka
Sri Lanka - Trade BalanceActivity was in seemingly good shape in Q3 as looser Covid-19 restrictions from early July boosted momentum, with both PMIs clocking expansions in the quarter. Moreover, tourism picked up significantly in Q3, particularly from the start of September. Turning to Q4, conditions should be improving further as some restrictions were lifted at the start of the period, while tourism gained significant steam in October–November, with the number of visitors surging in both months. Meanwhile, both PMIs jumped to seven-month highs in October, boding well for the economy in the final quarter of the year. In other news, on 12 December the president suspended parliament for an additional week until 18 January, delaying a discussion around applying for a bailout package from the IMF amid an imminent foreign currency crisis, as international reserves reach dangerously low levels.
Sri Lanka - Trade Balance Data
|Trade Balance (USD billion)||-8.4||-8.9||-9.6||-10.3||-8.0|
5 years of economic forecasts for more than 30 economic indicators.
Sri Lanka Facts
|Exchange Rate||181.2||0.02 %||Jan 01|
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