Sri Lanka's current account gap narrowed to USD 815 million in the fourth quarter of 2018 from USD 1,084 million in the same period of the previous year, as the goods deficit declined to USD 1,470 million from USD 1,875 million while the services surplus widened slightly to USD 919 million from USD 905 million. Meanwhile, the primary income gap increased to USD 868 million from USD 802 million last year, while the secondary income surplus was little-changed at USD 1,523 million. Considering 2018 full year, Sri Lanka's current account gap widened to USD 2.81 billion from USD 2.31 billion in 2017. Current Account in Sri Lanka averaged -441.60 USD Million from 2001 until 2018, reaching an all time high of 255.28 USD Million in the third quarter of 2009 and a record low of -1695.29 USD Million in the fourth quarter of 2011.
Current Account in Sri Lanka is expected to be -895.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Sri Lanka to stand at -650.00 in 12 months time. In the long-term, the Sri Lanka Current Account is projected to trend around -810.00 USD Million in 2020, according to our econometric models.