Sri Lanka Current Account Balance: % of GDP
Key information about Sri Lanka Current Account Balance: % of GDP
- Sri Lanka Current Account surplus accounted for 1.1 % of the country's Nominal GDP in Dec 2023, compared with a 3.2 % surplus in the previous quarter.
- Sri Lanka Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2002 to Dec 2023, with an average value of -3.1 %.
- The data reached an all-time high of 4.6 % in Sep 2002 and a record low of -11.8 % in Jun 2008.
CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Central Bank of Sri Lanka provides Current Account Balance in USD based on BPM6. The Department of Census and Statistics provides Nominal GDP in local currency based on SNA 2008. Federal Reserve Board average market exchange rate is used for currency conversions. Current Account Balance as % of Nominal GDP prior to Q1 2015 is calculated from Nominal GDP based on old methodology. Current Account Balance as % of Nominal GDP prior to Q1 2012 is calculated from Current Account Balance based on BPM5 and Nominal GDP based on SNA 1993.
Key information about Sri Lanka Current Account Balance: % of GDP
- In the latest reports of Sri Lanka, Current Account recorded a surplus of 237.2 USD mn in Dec 2023.
- Foreign Direct Investment (FDI) increased by 250.9 USD mn in Dec 2023.
- Sri Lanka Direct Investment Abroad expanded by 8.5 USD mn in Dec 2023.
- Its Foreign Portfolio Investment increased by 44.9 USD mn in Dec 2023.
- The country's Nominal GDP was reported at 20.9 USD bn in Mar 2023.
View Sri Lanka's Current Account Balance: % of GDP from Mar 2002 to Dec 2023 in the chart:
What was Sri Lanka's Current Account Balance: % of GDP in Dec 2023?
Sri Lanka Current Account surplus accounted for 1.1 % of the country's Nominal GDP in Dec 2023, compared with a 3.2 % surplus in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
1.1 Dec 2023 | 3.2 Sep 2023 | -11.8 Jun 2008 | 4.6 Sep 2002 | % | quarterly | Mar 2002 - Dec 2023 |
Current Account Balance: % of GDP by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 6.6 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Algeria (%) | 4.8 Mar 2023 | quarterly | Mar 2007 - Mar 2023 |
Argentina (%) | -2.2 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Armenia (%) | 2.7 Dec 2023 | quarterly | Dec 1994 - Dec 2023 |
Australia (%) | 1.8 Dec 2023 | quarterly | Sep 1959 - Dec 2023 |
Austria (%) | 1.7 Sep 2023 | quarterly | Mar 1970 - Sep 2023 |
Azerbaijan (%) | 8.9 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
Bangladesh (%) | -0.5 2023 | yearly | 1998 - 2023 |
Belarus (%) | -1.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Belgium (%) | 1.4 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Bolivia (%) | -2.5 Sep 2023 | quarterly | Mar 1990 - Sep 2023 |
Bosnia and Herzegovina (%) | -2.8 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
Botswana (%) | 1.2 Sep 2023 | quarterly | Mar 2004 - Sep 2023 |
Brazil (%) | -1.5 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
Bulgaria (%) | -3.1 Dec 2023 | quarterly | Sep 1999 - Dec 2023 |
Cambodia (%) | -1.1 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Canada (%) | -0.2 Dec 2023 | quarterly | Mar 1957 - Dec 2023 |
Chile (%) | -4.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
China (%) | 1.2 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Colombia (%) | -2.3 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Croatia (%) | -5.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Cyprus (%) | -11.2 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
Czech Republic (%) | 0.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Denmark (%) | 12.5 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Ecuador (%) | 1.7 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
European Union (%) | 2.2 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Finland (%) | 1.5 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
France (%) | 0.9 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
Georgia (%) | -6.8 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Germany (%) | 5.7 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
Ghana (%) | 0.9 Sep 2023 | quarterly | Mar 2006 - Sep 2023 |
Greece (%) | -12.6 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Hong Kong SAR, China (%) | 9.0 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Hungary (%) | -1.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Iceland (%) | -2.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
India (%) | -1.2 Dec 2023 | quarterly | Jun 2004 - Dec 2023 |
Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
Ireland (%) | -0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Israel (%) | 9.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Italy (%) | 0.7 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
Jordan (%) | 3.0 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
Kazakhstan (%) | -2.6 Sep 2023 | quarterly | Dec 1997 - Sep 2023 |
Kenya (%) | -2.3 Mar 2023 | quarterly | Mar 2009 - Mar 2023 |
South Korea (USD mn) | 7,671.1 Feb 2024 | monthly | Jan 1980 - Feb 2024 |
Kosovo (%) | -15.4 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Kuwait (%) | 37.2 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
Kyrgyzstan (%) | -60.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
Laos (%) | -0.1 2022 | yearly | 1984 - 2022 |
Latvia (%) | -1.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Lebanon (%) | -4.4 2020 | yearly | 2002 - 2020 |
Lithuania (%) | 4.2 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Luxembourg (%) | 7.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Macau SAR, China (%) | 11.4 2022 | yearly | 2002 - 2022 |
North Macedonia (%) | -3.0 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Malawi (%) | -14.2 2021 | yearly | 1977 - 2021 |
Malaysia (%) | 0.1 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Malta (%) | 0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Mauritius (%) | -3.4 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Mexico (%) | 2.5 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Moldova (%) | -11.2 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Mongolia (%) | -4.9 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Montenegro (%) | -24.1 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Morocco (%) | -0.5 Dec 2023 | quarterly | Mar 2014 - Dec 2023 |
Mozambique (%) | -37.4 2022 | yearly | 1980 - 2022 |
Nepal (%) | -1.3 2023 | yearly | 2001 - 2023 |
Netherlands (%) | 8.5 Dec 2023 | quarterly | Mar 1987 - Dec 2023 |
New Zealand (%) | -6.7 Dec 2023 | quarterly | Jun 1987 - Dec 2023 |
Nigeria (%) | 1.8 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
Norway (%) | 16.1 Sep 2023 | quarterly | Mar 1981 - Sep 2023 |
Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
Pakistan (%) | -0.7 2023 | yearly | 1977 - 2023 |
Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
Panama (%) | -18.8 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Paraguay (%) | -1.2 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Peru (%) | 2.3 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Poland (%) | 1.8 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Portugal (%) | -0.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Qatar (%) | 15.6 Jun 2023 | quarterly | Mar 2011 - Jun 2023 |
Romania (%) | -7.1 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Russia (%) | 2.1 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
Saudi Arabia (%) | 1.6 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
Serbia (%) | -5.5 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Singapore (%) | 19.5 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
Slovakia (%) | -3.6 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
Slovenia (%) | 3.9 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
South Africa (%) | -2.3 Dec 2023 | quarterly | Mar 1960 - Dec 2023 |
Spain (%) | 2.2 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Sri Lanka (%) | 1.1 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
Sweden (%) | 7.1 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Switzerland (%) | 7.6 Dec 2023 | quarterly | Mar 1983 - Dec 2023 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -10.5 Sep 2023 | quarterly | Dec 2014 - Sep 2023 |
Tax Revenue (USD mn) | 5,458.017 2022 | yearly | 1990 - 2022 |
Tax Revenue: % of GDP (%) | 10.6 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
National Government Debt (USD mn) | 86,964.6 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Government Debt: % of GDP (%) | 104.4 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Forecast: Government Expenditure (LKR bn) | 4,472.550 2022 | yearly | 1990 - 2022 |
Forecast: Government Net Debt (LKR bn) | 27,899.420 2022 | yearly | 1990 - 2022 |
Forecast: Government Revenue (LKR bn) | 2,012.590 2022 | yearly | 1990 - 2022 |
Government Debt: Foreign (LKR mn) | 11,402,380.792 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Government Debt: Domestic (LKR mn) | 16,617,629.160 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Government Revenue & Grants: Revenue (LKR mn) | 795,600.830 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Government Expenditure & Lending Minus Repayments (LR) (LKR mn) | 1,172,712.077 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Overall Fiscal Surplus/Deficit (LKR mn) | -371,009.687 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Government Expenditure & LR: Recurrent (LKR mn) | 1,002,143.567 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Government Expenditure & LR: Capital & Net Lending (LKR mn) | 170,568.510 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 3.626 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | -319.1 Feb 2024 | monthly | Jan 1982 - Feb 2024 |
Total Exports (USD mn) | 1,059.3 Feb 2024 | monthly | Jan 1982 - Feb 2024 |
Total Exports Growth (%) | 7.9 Feb 2024 | monthly | Jan 1983 - Feb 2024 |
Aluminum: Exports (USD th) | 8,005.174 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 8,546.747 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 3,537.951 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 1,378.4 Feb 2024 | monthly | Jan 1982 - Feb 2024 |
Total Imports Growth (%) | 35.0 Feb 2024 | monthly | Jan 1983 - Feb 2024 |
Imports: Medicament (USD th) | 381,649.432 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 128,854.946 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 211.902 Dec 2023 | monthly | Jan 1978 - Dec 2023 |
Total Imports from USA (USD mn) | 33.763 Dec 2023 | monthly | Jan 1978 - Dec 2023 |
Total Exports to China (USD mn) | 17.680 Dec 2023 | monthly | Jan 2016 - Dec 2023 |
Total Imports from China (USD mn) | 306.538 Dec 2023 | monthly | Jan 2016 - Dec 2023 |
Exports: Germany (USD mn) | 742.000 2022 | yearly | 2003 - 2022 |
Imports: Investment Goods (LKR mn) | 89,464.831 Feb 2024 | monthly | Jan 1995 - Feb 2024 |
Imports: Intermediate Goods: Fuel (LKR mn) | 90,795.175 Feb 2024 | monthly | Jan 1995 - Feb 2024 |
Imports: Intermediate Goods (LKR mn) | 262,645.135 Feb 2024 | monthly | Jan 1995 - Feb 2024 |
Imports: Intermediate Goods: Textiles & Textile Articles (LKR mn) | 76,919.404 Feb 2024 | monthly | Jan 1995 - Feb 2024 |
Imports: Consumer Goods (LKR mn) | 78,022.382 Feb 2024 | monthly | Jan 1995 - Feb 2024 |
Imports: India (USD mn) | 4,738.000 2022 | yearly | 2003 - 2022 |
Export Volume Index (EVoI): 2010=100 (2010=100) | 200.505 Jan 2024 | monthly | Jan 2010 - Jan 2024 |
Import Volume Index (IVoI): 2010=100 (2010=100) | 169.493 Jan 2024 | monthly | Jan 2010 - Jan 2024 |
Terms of Trade Index: 2010=100 (2010=100) | 107.103 Feb 2024 | monthly | Jan 2010 - Feb 2024 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | 8.5 Dec 2023 | quarterly | Mar 2012 - Dec 2023 |
Current Account Balance (USD mn) | 237.2 Dec 2023 | quarterly | Mar 1977 - Dec 2023 |
Current Account Balance: % of GDP (%) | 1.1 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Foreign Direct Investment (USD mn) | 250.9 Dec 2023 | quarterly | Mar 1977 - Dec 2023 |
Foreign Direct Investment: % of GDP (%) | 1.1 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Foreign Portfolio Investment (USD mn) | 44.911 Dec 2023 | quarterly | Mar 2012 - Dec 2023 |
Foreign Portfolio Investment: % of GDP (%) | 0.2 Dec 2023 | quarterly | Mar 2012 - Dec 2023 |
Foreign Portfolio Investment: Equity Securities (USD mn) | -1.3 Dec 2023 | quarterly | Mar 2012 - Dec 2023 |
Foreign Portfolio Investment: Debt Securities (USD mn) | 46.216 Dec 2023 | quarterly | Mar 2012 - Dec 2023 |
External Debt (USD mn) | 54,831.6 Dec 2023 | quarterly | Dec 2012 - Dec 2023 |
External Debt: % of GDP (%) | 75.0 2022 | yearly | 1998 - 2022 |
External Debt: Short Term (USD mn) | 5,031.5 Dec 2023 | quarterly | Dec 2012 - Dec 2023 |
External Debt: Short Term: % of GDP (%) | 11.5 2022 | yearly | 1998 - 2022 |
Forecast: Current Account Balance (USD bn) | -0.744 2022 | yearly | 1980 - 2022 |
Net International Investment Position (USD mn) | -51,439.912 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
BoP: FA: Assets: Errors & Ommissions (USD mn) | 192.632 Dec 2018 | quarterly | Mar 2012 - Dec 2018 |
BoP: FA: Liabilities: Financial Derivatives (USD mn) | 0.000 Dec 2018 | quarterly | Mar 2012 - Dec 2018 |
BoP: FA: Assets: Financial Derivatives (USD mn) | 0.000 Dec 2018 | quarterly | Mar 2012 - Dec 2018 |
IIP: Assets (USD mn) | 12,546.277 Dec 2023 | quarterly | Dec 2012 - Dec 2023 |
IIP: Liabilities (USD mn) | 63,986.189 Dec 2023 | quarterly | Dec 2012 - Dec 2023 |
International Investment Position (IIP): Net (USD mn) | -51,439.912 Dec 2023 | quarterly | Dec 2012 - Dec 2023 |
No of Registered Enterprises (Unit) | 6,298.000 2022 | yearly | 1994 - 2022 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 4.5 2021 | yearly | 1998 - 2021 |
Household Debt: % of GDP (%) | 6.5 Jun 2023 | quarterly | Dec 2010 - Jun 2023 |
Money Supply M1 (USD mn) | 5,088.870 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Money Supply M2 (USD mn) | 36,267.306 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
M2 Growth (%) | 8.9 Jan 2024 | monthly | Jan 1995 - Jan 2024 |
Reserve Requirement Ratio (%) | 4.0 Jun 2023 | monthly | Mar 1997 - Jun 2023 |
Foreign Exchange Reserves (USD mn) | 4,482.3 Feb 2024 | monthly | Dec 1956 - Feb 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 3.3 Feb 2024 | monthly | Jan 1982 - Feb 2024 |
Gold Reserves (USD mn) | 30.962 Feb 2024 | monthly | Dec 1977 - Feb 2024 |
Total Deposits (USD mn) | 45,118.862 Jul 2023 | monthly | Dec 2002 - Jul 2023 |
Total Deposits Growth (%) | 6.7 Jul 2023 | monthly | Dec 2003 - Jul 2023 |
Domestic Credit (USD mn) | 1,267.7 Dec 2023 | monthly | Jan 1996 - Dec 2023 |
Domestic Credit Growth (%) | -97.5 Dec 2023 | monthly | Jan 1997 - Dec 2023 |
Household Debt (USD mn) | 5,580.5 Jun 2023 | quarterly | Jun 2010 - Jun 2023 |
Total Loans (USD mn) | 26,218.887 Jan 2024 | monthly | Dec 1983 - Jan 2024 |
Total Loans Growth (%) | -0.36 Jan 2024 | monthly | Dec 1984 - Jan 2024 |
Private Debt: % of Nominal GDP (%) | 25.97 Jun 2023 | quarterly | Dec 2010 - Jun 2023 |
Official Reserve Assets (ORA) (USD mn) | 4,520.000 Feb 2024 | monthly | Nov 2013 - Feb 2024 |
ORA: Foreign Currency Reserves in Convertible FC (FCR) (USD mn) | 4,482.341 Feb 2024 | monthly | Nov 2013 - Feb 2024 |
Commercial Banks: Loans: Personal Loans & Advances (LA) (LKR mn) | 1,714,837.000 Jun 2023 | quarterly | Jun 2010 - Jun 2023 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | -8.2 May 2023 | monthly | May 2016 - May 2023 |
Business Sentiment Index: Business Condition: Current Quarter (Index) | 93.000 Dec 2023 | quarterly | Jun 2014 - Dec 2023 |
Purchasing Managers Index: Manufacturing (Index) | 56.000 Feb 2024 | monthly | May 2015 - Feb 2024 |
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