Trade Balance in Sri Lanka

Sri Lanka Trade Balance | Economic News & Forecasts

Sri Lanka - Trade Balance

After the second quarter’s robust performance, the economic landscape has rapidly deteriorated in recent weeks. While the trade deficit continued to swell in August, in October the rupee plunged to new lows against the dollar. On 26 October, a deep political crisis erupted, as President Sirisena sacked Prime Minister Wickremesinghe, replacing him with Mahinda Rajapaksa—a former president with a record of human rights violations—and forcing parliament into recess. However, Wickremesinghe challenged the move as unconstitutional and refused to leave office. The crisis could threaten Sri Lanka’s democracy, financial markets, tourism industry and credit rating, and has already caused the freezing of planned investment and foreign aid from the U.S. and Japan.

Sri Lanka - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)-7.6  -8.3  -8.4  -8.9  -9.6  

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Note: Trade balance in USD bn.

Sri Lanka Facts

Exchange Rate176.60.02 %Nov 15

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