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Sri Lanka Current Account to GDP

Jul 18, 2011 6:17:00 AM - tradingeconomics.com
The Current Account in Sri Lanka was last reported at -3.5 percent of GDP. From 1980 until 2010, Sri Lanka's average Current Account as percent of GDP was -5.94 percent reaching an historical high of -0.40 percent in December of 2003 and a record low of -19.30 percent in December of 1980. Usually, when Sri Lanka records a strong current account, its Gross Domestic Product expands boosted by exports revenues. Also, Sri Lanka's exchange rate appreciates as investors begin to expect higher interest rates going forward. However, when Sri Lanka reports a stronger than expected current account to GDP, it may also lead to economic overheating and a general rise in prices, also known as inflation, which will make Sri Lanka's products less competitive when sold abroad. This page includes a chart with historical data for Sri Lanka's Current Account as a percent of GDP.