Sri Lanka recorded a Current Account deficit of 1.30 percent of the country's Gross Domestic Product in 2020. source: Central Bank of Sri Lanka

Current Account to GDP in Sri Lanka averaged -5.24 percent of GDP from 1980 until 2020, reaching an all time high of -0.40 percent of GDP in 2003 and a record low of -19.30 percent of GDP in 1980. This page provides - Sri Lanka Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Current Account to GDP - values, historical data and charts - was last updated on September of 2022.

Current Account to GDP in Sri Lanka is expected to reach -3.20 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Current Account to GDP is projected to trend around -3.00 percent of GDP in 2022 and -2.50 percent of GDP in 2023, according to our econometric models.

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Sri Lanka Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade -123.00 21.30 USD Million Jul 2022
Current Account -1331.32 -1139.47 USD Million Mar 2022
Current Account to GDP -1.30 -2.20 percent of GDP Dec 2020
Imports 1287.00 1226.50 USD Million Jul 2022
Exports 1164.00 1247.80 USD Million Jul 2022
External Debt 50592.85 50724.21 USD Million Mar 2022
Terms of Trade 91.23 83.44 points Jul 2022
Foreign Direct Investment 189.66 178.75 USD Million Mar 2022
Tourism Revenues 173.60 148.10 USD Million Feb 2022
Remittances 204.90 259.20 USD Million Feb 2022

Sri Lanka Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-1.30 -2.20 -0.40 -19.30 1980 - 2020 percent of GDP Yearly