Sri Lanka's current account balance swung to a USD 221 million deficit in the first quarter of 2020 compared to a USD 450 million surplus in the same period of last year. The goods shortfall widened to USD 1,853 million from USD 1,661 million in the first quarter of 2019; while the services surplus decreased to USD 797 million from USD 1,233 million, amid a decrease in tourism revenues. Meantime, the primary income gap rose slightly to USD 556 million from USD 516 million while the secondary income surplus remained barely unchanged at USD 1,390 million.
Current Account in Sri Lanka averaged -439.33 USD Million from 2001 until 2020, reaching an all time high of 445.55 USD Million in the first quarter of 2019 and a record low of -1695.29 USD Million in the fourth quarter of 2011. This page provides the latest reported value for - Sri Lanka Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sri Lanka Current Account - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Central Bank of Sri Lanka
Current Account in Sri Lanka is expected to be -1050.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Sri Lanka to stand at -790.00 in 12 months time. In the long-term, the Sri Lanka Current Account is projected to trend around -750.00 USD Million in 2021, according to our econometric models.