Trade Balance in Sri Lanka
Sri Lanka - Trade BalanceAfter 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
|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||176.6||0.02 %||Nov 15|
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