Sri Lanka Current Account to GDP

Sri Lanka recorded a Current Account deficit of 2.60 percent of the country's Gross Domestic Product in 2017. Current Account to GDP in Sri Lanka averaged -5.47 percent from 1980 until 2017, reaching an all time high of -0.40 percent in 2003 and a record low of -19.30 percent in 1980.

Current Account to GDP in Sri Lanka is expected to be -2.70 percent 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 to GDP is projected to trend around -2.20 percent in 2020, according to our econometric models.

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Sri Lanka Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	-540.00	-717.00	-50.10	-1100.70	USD Million	[+]
Current Account	-672.57	447.31	447.31	-1695.29	USD Million	[+]
Current Account to GDP	-3.00	-2.60	-0.40	-19.30	percent	[+]
Exports	1033.00	999.00	1137.00	304.80	USD Million	[+]
Imports	1574.00	1716.00	2048.00	408.00	USD Million	[+]
External Debt	55469.49	54221.66	55469.49	37098.10	USD Million	[+]
Terms of Trade	111.29	113.97	161.24	74.50	Index Points	[+]
Tourist Arrivals	108575.00	143587.00	253169.00	5536.00		[+]
Gold Reserves	19.89	19.90	23.10	3.63	Tonnes	[+]
Terrorism Index	4.05	2.91	7.13	2.91		[+]
Tourism Revenues	313.40	458.60	475.20	19.30	USD Million	[+]
Remittances	562.10	553.70	729.35	241.34	USD Million	[+]
Foreign Direct Investment	167.00	352.00	961.00	20.00	USD Million	[+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-3.00	-2.60	-0.40	-19.30	1980 - 2018	percent	Yearly

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Country	Last		Previous	Range
Singapore	17.70	Dec/18	16	26.1 : -13.1	%
Netherlands	10.80	Dec/18	10.5	10.8 : -1	%
Switzerland	10.20	Dec/18	6.7	14.8 : -0.6	%
Saudi Arabia	9.20	Dec/18	1.5	28.5 : -21	%
Germany	7.30	Dec/18	8	8.5 : -1.8	%
Russia	7.00	Dec/18	2.1	18 : -1.4	%
South Korea	4.70	Dec/18	4.9	10.7 : -10.5	%
Japan	3.50	Dec/18	4	4.7 : -1	%
Euro Area	2.90	Dec/18	3.2	3.2 : -1.5	%
Italy	2.50	Dec/18	2.8	2.9 : -3.7	%
Spain	0.90	Dec/18	1.8	2.3 : -9.6	%
China	0.40	Dec/18	1.3	10.1 : -3.7	%
France	-0.30	Dec/18	-0.6	3.4 : -2.1	%
Brazil	-0.77	Dec/18	-0.35	1.8 : -8.2	%
Australia	-1.50	Dec/18	-3.4	2.3 : -7.3	%
Mexico	-1.80	May/19	-1.7	3.4 : -6.1	%
India	-2.30	Dec/18	-1.9	2.3 : -4.8	%
United States	-2.40	Dec/18	-2.3	0.2 : -6	%
Canada	-2.60	Dec/18	-2.8	2.7 : -4.2	%
Indonesia	-3.00	Dec/18	-1.6	4.8 : -6.8	%
Turkey	-3.50	Dec/18	-5.6	1.9 : -8.9	%
South Africa	-3.60	Dec/18	-2.5	6 : -7.5	%
United Kingdom	-3.90	Dec/18	-3.3	2.6 : -5.2	%
Argentina	-5.40	Dec/18	-4.9	8 : -5.4	%