Sri Lanka recorded a Current Account deficit of 990.17 USD Million in the second quarter of 2021. source: Central Bank of Sri Lanka

Current Account in Sri Lanka averaged -443.08 USD Million from 2001 until 2021, reaching an all time high of 450.16 USD Million in the first quarter of 2019 and a record low of -1695.29 USD Million in the fourth quarter of 2011. This page provides the latest reported value for - Sri Lanka Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sri Lanka Current Account - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Current Account in Sri Lanka is expected to be -750.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Current Account is projected to trend around -750.00 USD Million in 2022, according to our econometric models.

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Sri Lanka Current Account

Calendar GMT Actual Previous Consensus TEForecast
2021-07-07 11:00 AM Q1 $-630M $-281M
2021-10-05 11:10 AM Q2 $-990.1M $-546M $-820M
2021-12-15 11:00 AM Q3 $-990.1M

Related Last Previous Unit Reference
Balance of Trade -495.00 -586.30 USD Million Sep/21
Current Account -990.17 -546.19 USD Million Jun/21
Current Account to GDP -1.30 -2.20 percent of GDP Dec/20
Imports 1526.00 1686.70 USD Million Sep/21
Exports 1031.00 1100.40 USD Million Sep/21
External Debt 50438.48 47307.20 USD Million Jun/21
Terms of Trade 92.22 91.00 points Sep/21
Tourism Revenues 7.00 3.00 USD Million Aug/21
Remittances 453.00 478.00 USD Million Jul/21
Foreign Direct Investment 173.51 124.38 USD Million Jun/21

News Stream
Sri Lanka Current Account Gap Narrows in Q4
Sri Lanka's current account balance deficit shrank to USD 281 million in the fourth quarter of 2020 from USD 921 million in the same period of last year. The goods shortfall decreased to USD 1,671 million from USD 2,385 million in the fourth quarter of 2019; while the services surplus fell sharply to USD 29 million from USD 703 million, mainly due to lower tourism revenues amid global Covid-19 travel restrictions. Meantime, the primary income gap fell slightly to USD 446 million from USD 776 million while the secondary income surplus widened to USD 1,807 million from USD 1,537 million. In 2020, the country's current account gap rose slightly to USD 5,189 million from USD 5,148 million a year earlier.
Sri Lanka Current Account Swings to Surplus in Q3
Sri Lanka posted a current account surplus of USD 240 million in the third quarter of 2020, compared with a USD 575 million deficit in the same three-month period last year. The secondary income surplus widened to USD 1,829 million from USD 1,409 million a year ago, while the goods deficit shrank to USD 1,075 million from USD 2,015 million. Meanwhile, the services surplus fell to USD 97 million from USD 601 million, and the primary income gap increased to USD 610 million from USD 570 million.

Sri Lanka Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).