Sri Lanka's current account deficit rose to USD 522 million in the third quarter of 2019 from USD 389 million in the same period last year, as the goods shortfall shrank to USD 2,016 million from USD 2,244 million in the third quarter of 2018. Meanwhile, the services surplus fell to USD 605 million from USD 953 million and the primary income deficit widened to USD 555 million from USD 539 million. The secondary income surplus rose only slightly to USD 1,444 million from USD 1,441 million in the same period of 2018.

Current Account in Sri Lanka averaged -433.77 USD Million from 2001 until 2019, 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 March of 2020. source: Central Bank of Sri Lanka

Current Account in Sri Lanka is expected to be -650.00 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 -810.00 in 12 months time. In the long-term, the Sri Lanka Current Account is projected to trend around -810.00 USD Million in 2021, according to our econometric models.

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Sri Lanka Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-522.26 -660.68 445.55 -1695.29 2001 - 2019 USD Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-04-15 11:00 AM Q4 $-815M $-389M $ -1040M
2019-06-28 11:00 AM Q1 $423M $-815M $ -930M
2019-09-30 11:00 AM Q2 $-673M $447M $ -895M
2019-12-31 11:00 AM Q3 $-522M $-661M $ -370M
2020-03-31 11:00 AM Q4 $-522M $ -1090M
2020-06-30 11:00 AM Q1 $ -650M
2020-09-30 11:00 AM Q2 $ -900M
2020-12-30 11:00 AM Q3 $ -850M


News Stream
Sri Lanka Current Account Gap Widens in Q3
Sri Lanka's current account deficit rose to USD 522 million in the third quarter of 2019 from USD 389 million in the same period last year, as the goods shortfall shrank to USD 2,016 million from USD 2,244 million in the third quarter of 2018. Meanwhile, the services surplus fell to USD 605 million from USD 953 million and the primary income deficit widened to USD 555 million from USD 539 million. The secondary income surplus rose only slightly to USD 1,444 million from USD 1,441 million in the same period of 2018.
2019-12-31
Sri Lanka Current Account Gap Falls in Q2
Sri Lanka's current account deficit narrowed to USD 673 million in the second quarter of 2019 from USD 1,022 million in the same period last year, as the goods gap shrank to USD 1,936 million from USD 2,727 million. Meanwhile, the secondary income surplus was unchanged at USD 1,431 million, while the services surplus fell to USD 430 million from USD 719 million a year ago and the primary income deficit increased to USD 597 million from USD 445 million. In the first half of the year, the current account gap narrowed to USD 225 million from USD 1,609 million in the same period of 2018.
2019-09-30
Sri Lanka Current Account Swings to Surplus in Q1
Sri Lanka a posted current account surplus of USD 423 million in the first quarter of 2019, swinging from a USD 587 million deficit in the same quarter of the prior year. The goods and services shortfall narrowed sharply to USD 470 million from USD 1,807 million a year earlier while the primary income gap decreased to USD 504 million from USD 547 million. Meanwhile, the secondary income surplus went down to USD 1,397 million from USD 1,767 million.
2019-06-28
Sri Lanka Current Account Deficit Narrows in Q4
Sri Lanka's current account gap narrowed to USD 815 million in the fourth quarter of 2018 from USD 1,084 million in the same period of the previous year, as the goods deficit declined to USD 1,470 million from USD 1,875 million while the services surplus widened slightly to USD 919 million from USD 905 million. Meanwhile, the primary income gap increased to USD 868 million from USD 802 million last year, while the secondary income surplus was little-changed at USD 1,523 million. Considering 2018 full year, Sri Lanka's current account gap widened to USD 2.81 billion from USD 2.31 billion in 2017.
2019-04-15

Sri Lanka Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).