Current Account in Sri Lanka

Sri Lanka Current Account | Economic News & Forecasts

Sri Lanka - Current Account

Growth fell to a 17-year low in 2018 as the constitutional crisis that erupted in October paralyzed the country, hammering investor sentiment and the tourism sector. The slowdown in Q4 was broad-based, with a particularly sharp contraction in fixed investment. Turning to Q1 2019, growth likely rebounded as the crisis waned: The rupee has recovered since January; international backers resumed lending to the government; and earnings from tourism grew at a healthy pace in the quarter. In other news, parliament passed the 2019 budget on 5 April, which sets an ambitious target of reducing the fiscal deficit to 4.4% of GDP, in line with its current IMF loan agreement.

Sri Lanka - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-3.4  -2.5  -2.3  -2.1  -2.7  

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Sri Lanka Current Account Chart

Sri Lanka Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Sri Lanka (CBS)

Sri Lanka Facts

Exchange Rate176.70.02 %May 13

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