Trade Balance in Sri Lanka
Sri Lanka - Trade BalanceDespite growing a healthy 3.2% year-on-year in the first quarter, the economy has started showing signs of strain. Capital outflows due to expectations of faster-than-expected U.S. monetary policy normalization led the rupee to lose value since late April; it hit an all-time low against the dollar on 13 June. The Central Bank has stayed on the margins so far, stating in May that there is no need to intervene in the forex markets, as the depreciation is not indicative of weak economic fundamentals at home, and international reserves are expected to increase. The country is expected to receive over USD 252 million from the IMF after satisfactorily completing the fifth review under the Extended Fund Facility program and over USD 1.0 billion in loan payments.
Sri Lanka - Trade Balance Data
|Trade Balance (USD billion)||-7.6||-8.3||-8.4||-8.9||-9.6|
5 years of economic forecasts for more than 30 economic indicators.
Sri Lanka Facts
|Exchange Rate||159.6||0.02 %||Jul 13|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.