Sri Lanka recorded a Current Account deficit of 1.30 percent of the country's Gross Domestic Product in 2020. source: Central Bank of Sri Lanka

Current Account to GDP in Sri Lanka averaged -5.24 percent of GDP from 1980 until 2020, reaching an all time high of -0.40 percent of GDP in 2003 and a record low of -19.30 percent of GDP 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 October of 2021.

Current Account to GDP in Sri Lanka is expected to reach -2.50 percent of GDP by the end of 2021, 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 of GDP in 2022, according to our econometric models.

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Sri Lanka Current Account to GDP

Sri Lanka Last Unit Reference Previous Highest Lowest
Balance of Trade -606.60 USD Million Jul/21 -652.20 -50.10 -1100.70
Current Account -990.17 USD Million Jun/21 -546.19 450.16 -1695.29
Current Account to GDP -1.30 percent of GDP Dec/20 -2.20 -0.40 -19.30
Imports 1710.10 USD Million Jul/21 1659.20 2048.50 408.00
Exports 1103.50 USD Million Jul/21 1007.00 1136.86 282.30
External Debt 50438.48 USD Million Jun/21 47307.20 55915.96 37098.10
Terms of Trade 93.93 points Jul/21 88.37 161.24 74.50
Tourism Revenues 3.00 USD Million Jul/21 2.00 475.20 0.50
Remittances 478.00 USD Million Jun/21 460.00 812.70 241.30
Foreign Direct Investment 173.51 USD Million Jun/21 124.38 961.38 20.00

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.