Table 3: Selected Balance of Payments Indicators ($ Millions), 2002-2005

 

Actual

Estimate

Pre-Tsunami

Post-Tsunami

 

2002

2003

2004

2005

2005

Exports

4,699

5,133

5,787

6,305

6,305

Imports

6,105

6,673

7,957

8.824

9,541

Trade balance

-1,406

-1,540

-2,170

-2,519

-3,236

Current account balance

-236

-76

-626

-824

-1,564

Capital account:

 

 

 

 

 

Direct investment

186

201

178

261

261

Private long term

-21

-33

8

90

90

Government long term

162

449

327

470

470

     Disbursements

542

808

655

873

873

     Amortization

380

359

328

403

403

Financing gap

-

-

-

-

790

Overall balance

339

428

-212

97

182

Current account balance      (in percent of GDP)

-1.4

-0.4

-3.2

-3.8

-7.1

Gross official reserves           (end of period)

1,566

2,147

1,825

1,948

2,133

In months of imports

2.4

2.8

2.2

2.2

2.3

Oil price ($ per barrel)

25.0

28.9

37.7

40.5

40.5

Source: Central Bank of Sri Lanka and staff estimates.