Sri Lanka Economy – GDP, Inflation, CPI and Interest Rate


Sri Lanka Economic Forecast

Economic Growth

Growth is estimated to gain notable momentum this year, buoyed by a projected recovery in tourist arrivals and significantly more expansionary fiscal stance. Moreover, the IMF support program and last year’s outcome should support business sentiment and fixed investment. FocusEconomics panelists project growth of 3.7% in , which is up 0.3 percentage points from last month’s forecast. In 2021, our panel sees the economy growing 3.9%.

Economy Data

2014 2015 2016 2017 2018
Population (million) 20.8 21.0 21.2 21.4 21.7
GDP per capita (USD) 3,820 3,839 3,871 4,102 4,097
GDP (USD bn) 79.3 80.5 82.1 88.0 88.9
Economic Growth (GDP, annual variation in %) 5.0 5.0 4.5 3.4 3.2
Consumption (annual variation in %) 3.9 7.8 6.9 1.8 1.6
Investment (annual variation in %) 11.5 3.8 5.0 8.2 6.6
Industrial Production (annual variation in %) 6.1 9.2 -2.8 2.5 1.2
Unemployment Rate 4.3 4.7 4.4 4.2 4.4
Fiscal Balance (% of GDP) -6.2 -7.0 -5.4 -5.5 –  
Public Debt (% of GDP) 72.2 78.5 79.6 79.1 –  
Money (annual variation in %) 13.1 17.2 18.9 17.5 13.5
Inflation Rate (CPI, annual variation in %, eop) 1.3 4.6 4.5 7.2 2.8
Inflation Rate (CPI, annual variation in %) 2.8 2.2 4.0 6.6 4.3
Policy Interest Rate (%) 8.50 7.50 8.50 8.75 9.00
Exchange Rate (vs USD) 173.5 151.0 161.8 172.4 191.8
Exchange Rate (vs USD, aop) 130.6 136.1 146.2 152.5 162.6
Current Account (% of GDP) -2.5 -2.3 -2.1 -2.6 -3.2
Current Account Balance (USD bn) -2.0 -1.9 -1.7 -2.3 -2.8
Trade Balance (USD billion) -8.3 -8.4 -8.9 -9.6 -10.3
Exports (USD billion) 11.1 10.6 10.3 11.4 11.9
Imports (USD billion) 19.4 18.9 19.2 21.0 22.2
Exports (annual variation in %) 7.1 -5.2 -2.3 10.2 4.7
Imports (annual variation in %) 7.9 -2.5 1.3 9.4 6.0
International Reserves (USD) 8.2 7.3 6.0 8.0 6.9
External Debt (% of GDP) 54.1 55.7 56.6 58.7 58.9

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Sri Lanka Facts

Value Change Date
Exchange Rate 181.2 0.02 % Jan 01

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