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. source: Central Bank of Sri Lanka
Current Account in Sri Lanka is expected to be -1090.00 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 -850.00 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.