Balance of Payments: Total Net Current Account for Sri Lanka
LKABCAGDPBP6PT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.00
Year-over-Year Change
-45.59%
Date Range
1/1/1990 - 1/1/2022
Summary
The Total Net Current Account for Sri Lanka measures the balance of a country's international payments, including trade, services, and income. This trend is a key indicator of a nation's economic health and global competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Total Net Current Account is a comprehensive measure of a country's international economic transactions, tracking all current account inflows and outflows. This metric provides insight into a nation's trade position, ability to service foreign debt, and overall economic integration with the global marketplace.
Methodology
The data is collected and calculated by the Central Bank of Sri Lanka based on reported international transactions.
Historical Context
Policymakers closely monitor the current account balance to assess a country's economic performance and guide macroeconomic policies.
Key Facts
- Sri Lanka's current account deficit was 3.1% of GDP in 2021.
- The current account balance is a key component of a country's balance of payments.
- Persistent current account deficits can indicate macroeconomic imbalances.
FAQs
Q: What does this economic trend measure?
A: The Total Net Current Account for Sri Lanka measures the balance of the country's international payments, including trade in goods and services, as well as income flows.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a critical indicator of a country's economic health and global competitiveness. It provides insight into a nation's trade position, ability to service foreign debt, and overall economic integration.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Sri Lanka based on reported international transactions.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the current account balance to assess a country's economic performance and guide macroeconomic policies, such as exchange rate management and trade policies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Central Bank of Sri Lanka, with some potential for delays in reporting international transactions.
Related Trends
Net Issues of International Debt Securities for All Issuers, All Maturities, Nationality of Issuer in Sri Lanka
IDSGAMNINILK
Value of Exports to Sri Lanka from New Jersey
NJLKAA052SCEN
Value of Exports to Sri Lanka from Connecticut
CTLKAA052SCEN
Number of Identified Exporters to Sri Lanka from Kentucky
KYLKAA475SCEN
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LKANGDPDUSD
Number of Identified Exporters to Sri Lanka from New Mexico
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Citation
U.S. Federal Reserve, Balance of Payments: Total Net Current Account for Sri Lanka (LKABCAGDPBP6PT), retrieved from FRED.