Trade Balance in Sri Lanka
Sri Lanka - Trade BalanceEconomic growth likely rebounded in Q1 from the 17-year low registered in Q4 2018, as the constitutional crisis subsided and international lenders resumed relations with the country. Tourism notably recovered, posting healthy visitor and earnings growth, while industrial production picked up, primarily due to strong growth in March. However, terrorist attacks on 21 April, which killed over 250 people, will have dealt a decisive blow to the nascent economic recovery. Since then, officials reported tourist arrivals have more than halved, while the manufacturing PMI hit an all-time low in April. Moreover, lower business confidence is poised to weigh on investment in the coming months, while a damaged tourism sector could deprive the country of critical foreign reserves inflows.
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||176.7||0.02 %||Jun 14|
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