Sri Lanka's current account balance deficit shrank to USD 281 million in the fourth quarter of 2020 from USD 921 million in the same period of last year. The goods shortfall decreased to USD 1,671 million from USD 2,385 million in the fourth quarter of 2019; while the services surplus fell sharply to USD 29 million from USD 703 million, mainly due to lower tourism revenues amid global Covid-19 travel restrictions. Meantime, the primary income gap fell slightly to USD 446 million from USD 776 million while the secondary income surplus widened to USD 1,807 million from USD 1,537 million. In 2020, the country's current account gap rose slightly to USD 5,189 million from USD 5,148 million a year earlier. source: Central Bank of Sri Lanka
Current Account in Sri Lanka averaged -433.91 USD Million from 2001 until 2020, reaching an all time high of 450.16 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 April of 2021.
Current Account in Sri Lanka is expected to be -790.00 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 -750.00 in 12 months time. In the long-term, the Sri Lanka Current Account is projected to trend around -750.00 USD Million in 2022, according to our econometric models.