Sri Lanka recorded a Current Account deficit of 548.36 USD Million in the second quarter of 2020. source: Central Bank of Sri Lanka

Current Account in Sri Lanka averaged -440.67 USD Million from 2001 until 2020, reaching an all time high of 450 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 December of 2020.

Current Account in Sri Lanka is expected to be -750.00 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 -730.00 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.

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Sri Lanka Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-548.36 -221.00 450.00 -1695.29 2001 - 2020 USD Million Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-12-31 11:00 AM Q3 $-522M $-661M $ -370M
2020-03-31 11:00 AM Q4 $-882M $-575M $ -1090M
2020-07-06 11:00 AM Q1 $-221M $-882M $ -650M
2020-10-06 11:00 AM Q2 $-548M $-221M $ -900M
2020-12-30 11:00 AM Q3 $-548M $ -850M
2021-03-31 11:00 AM Q4
2021-07-06 11:00 AM Q1
2021-10-06 11:00 AM Q2

News Stream
Sri Lanka Q1 Current Account Balance Shifts to Gap
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.
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.

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).