Sri Lanka recorded a Current Account deficit of 2.20 percent of the country's Gross Domestic Product in 2019. source: Central Bank of Sri Lanka

Current Account to GDP in Sri Lanka averaged -5.34 percent from 1980 until 2019, reaching an all time high of -0.40 percent in 2003 and a record low of -19.30 percent in 1980. This page provides - Sri Lanka Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Current Account to GDP - values, historical data and charts - was last updated on April of 2021.

Current Account to GDP in Sri Lanka is expected to reach -3.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Current Account to GDP is projected to trend around -2.50 percent in 2021 and -2.20 percent in 2022, according to our econometric models.

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Sri Lanka Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.20 -3.20 -0.40 -19.30 1980 - 2019 percent Yearly

Sri Lanka Trade Last Previous Highest Lowest Unit
Balance of Trade -572.00 -667.20 -50.10 -1100.70 USD Million [+]
Current Account -280.47 251.19 450.16 -1695.29 USD Million [+]
Current Account to GDP -2.20 -3.20 -0.40 -19.30 percent [+]
Imports 1520.00 1591.60 2048.50 408.00 USD Million [+]
Exports 951.70 924.40 1136.86 282.30 USD Million [+]
External Debt 49211.62 51617.77 55915.96 37098.10 USD Million [+]
Terms of Trade 91.69 104.79 161.24 74.50 points [+]
Tourist Arrivals 4581.00 3366.00 253169.00 0.00 [+]
Gold Reserves 6.70 6.70 23.10 3.63 Tonnes [+]
Remittances 611.70 630.70 729.40 241.30 USD Million [+]
Terrorism Index 6.07 3.57 7.13 2.91 [+]
Tourism Revenues 134.50 391.10 475.20 19.30 USD Million [+]
Foreign Direct Investment 88.95 102.50 961.38 20.00 USD Million [+]


Sri Lanka Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.