Sri Lanka Current Account to GDP Ratio
Sri Lanka's current account to GDP ratio decreased to 1.2% in 2024 from 1.7% in 2023. This change resulted from a 12.1% increase in imports to $18.9 billion which grew faster than exports which rose by 7.2% to $12.8 billion. Higher imports were driven by eased restrictions and increased consumer spending. Tourism earnings grew by 53% to $3 billion and remittances rose by 11.7% year-to-date in 2024, supporting the overall surplus. Sri Lanka's record low current account to GDP was -3.7% in 2021 and record high was 1.7% in 2023.
Yearly Historical Data (2015-2024)
(in %)Sri Lanka Current Account to GDP Ratio : Definition
Sri Lanka's current account to GDP ratio measures the nation's external balance relative to its economic size. It is calculated by dividing the current account balance-the sum of net trade in goods and services, net primary income and net secondary income-by the Gross Domestic Product (GDP). This ratio shows the extent of external transactions relative to the overall economy.