FX.co ★ Sri Lanka Current Account Surplus Hits Record High in Q1

Sri Lanka witnessed a significant expansion in its current account surplus, reaching $938 million in the first quarter of 2025—a record level compared to $728 million in the same period the previous year. This improvement was primarily fueled by an increase in the services surplus, which rose to $1,220 million from $1,155 million, and a notable rise in the secondary income surplus, climbing to $1,773 million from $1,505 million. Additionally, the primary income deficit saw a reduction, narrowing to $515 million from $712 million. However, these positive developments were partially counterbalanced by an increased goods deficit, which expanded to $1,540 million from $1,219 million in the first quarter of 2024.