Current Account Balance: Sri Lanka
Sri Lanka's current account balance is currently 1.8 % of GDP as of 2024. # Sri Lanka Current Account Balance Sri Lanka's current account balance stands at 1.
Current (2024)
1.8 % of GDP
-37.9% y/y
Peak (2023)
2.9 % of GDP
Low (1980)
-16.3 % of GDP
Source
IMF World Economic Outlook
1980–2024 · 45 pts
Current Account Balance — Sri Lanka
1980 — 2024
Current Account Balance — Sri Lanka
Analysis# Sri Lanka Current Account Balance
Sri Lanka's current account balance stands at 1.8% of GDP in 2024, reflecting a moderate surplus position. The nation reached its all-time peak of 2.9% of GDP in 2023, demonstrating strengthened external finances. This contrasts sharply with the historic low of -16.3% in 1980, when the country faced severe current account pressures. Over the past 44 years, Sri Lanka has improved its position by 111%, marking a substantial shift in its external economic stability.
The most significant turning point occurred between 2022 and 2023, when Sri Lanka swung from a -1.0% deficit to a +2.9% surplus, reflecting recovery following the country's 2022 debt crisis. This dramatic turnaround suggests successful fiscal and monetary adjustments. The slight decline to 1.8% in 2024 indicates stabilization rather than deterioration, suggesting the island nation has achieved a more sustainable external balance after years of volatile swings between 2015 and 2022.
Historical Data
45 Rows| Year | Value | Change % |
|---|---|---|
| 2024 | 1.8 % of GDP | -37.93% |
| 2023 | 2.9 % of GDP | +390.00% |
| 2022 | -1 % of GDP | +72.97% |
| 2021 | -3.7 % of GDP | -164.29% |
| 2020 | -1.4 % of GDP | +33.33% |
| 2019 | -2.1 % of GDP | +30.00% |
| 2018 | -3 % of GDP | -25.00% |
| 2017 | -2.4 % of GDP | -20.00% |
| 2016 | -2 % of GDP | +9.09% |
| 2015 | -2.2 % of GDP | +8.33% |
| 2014 | -2.4 % of GDP | +27.27% |
| 2013 | -3.3 % of GDP | +42.11% |
| 2012 | -5.7 % of GDP | +16.18% |
| 2011 | -6.8 % of GDP | -277.78% |
| 2010 | -1.8 % of GDP | -350.00% |
| 2009 | -0.4 % of GDP | +95.06% |
| 2008 | -8.1 % of GDP | -118.92% |
| 2007 | -3.7 % of GDP | +17.78% |
| 2006 | -4.5 % of GDP | -114.29% |
| 2005 | -2.1 % of GDP | +22.22% |
Show all 45 rows
| Year | Value | Change % |
|---|---|---|
| 2004 | -2.7 % of GDP | -800.00% |
| 2003 | -0.3 % of GDP | +75.00% |
| 2002 | -1.2 % of GDP | -33.33% |
| 2001 | -0.9 % of GDP | +83.02% |
| 2000 | -5.3 % of GDP | -51.43% |
| 1999 | -3.5 % of GDP | -84.21% |
| 1998 | -1.9 % of GDP | +34.48% |
| 1997 | -2.9 % of GDP | +45.28% |
| 1996 | -5.3 % of GDP | +18.46% |
| 1995 | -6.5 % of GDP | +5.80% |
| 1994 | -6.9 % of GDP | -40.82% |
| 1993 | -4.9 % of GDP | -2.08% |
| 1992 | -4.8 % of GDP | +17.24% |
| 1991 | -5.8 % of GDP | -48.72% |
| 1990 | -3.9 % of GDP | +42.65% |
| 1989 | -6.8 % of GDP | +12.82% |
| 1988 | -7.8 % of GDP | -27.87% |
| 1987 | -6.1 % of GDP | +15.28% |
| 1986 | -7.2 % of GDP | -24.14% |
| 1985 | -5.8 % of GDP | -728.57% |
| 1984 | -0.7 % of GDP | +90.67% |
| 1983 | -7.5 % of GDP | +44.85% |
| 1982 | -13.6 % of GDP | -9.68% |
| 1981 | -12.4 % of GDP | +23.93% |
| 1980 | -16.3 % of GDP | — |
Related Data
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For Sri Lanka
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