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. Current Account in Sri Lanka averaged -429.76 USD Million from 2001 until 2019, reaching an all time high of 423 USD Million in the first quarter of 2019 and a record low of -1695.29 USD Million in the fourth quarter of 2011.
Current Account in Sri Lanka is expected to be -895.00 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 -650.00 in 12 months time. In the long-term, the Sri Lanka Current Account is projected to trend around -810.00 USD Million in 2020, according to our econometric models.