Markets Actual Q2 Q3 Q4 Q1 2020
Currency 176.30 177 177 178 178 180
Stock Market (points) 5303.04 5442 5405 5369 5333 5262
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 1.80 2 2.9 3.3 3.5 3.8
Inflation Rate (%) 4.50 4.2 4.4 4.6 4.4 4.7
Interest Rate (%) 8.00 8.5 8.5 8.5 8 7.5
Balance of Trade (USD Million) -451.00 -790 -670 -720 -840 -710
Current Account (USD Million) -815.14 -895 -370 -1090 -650 -810
Current Account to GDP (%) -3.00 -2.7 -2.7 -2.7 -2.5 -2.5
Government Debt to GDP (%) 82.90 75 75 75 72 72
Government Budget (% of GDP) -5.30 -5.9 -5.9 -5.9 -6.3 -6.3
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 16.00 16 17 17 17 17
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 1.80 2 2.9 3.3 3.5 3.8
GDP (USD Billion) 87.17 94.8 94.8 94.8 96.1 96.1
GDP Constant Prices (LKR Million) 2680362.00 2302819 2477202 2768814 2774175 2874029
Gross National Product (LKR Million) 14047307.00 13191225 13249998 14510868 14538963 15062281
Gross Fixed Capital Formation (LKR Million) 3707078.50 3537145 3552905 3829412 3836826 3974930
GDP per capita (USD) 3842.30 4230 4230 4230 4350 4350
GDP per capita PPP (USD) 11669.10 12150 12150 12150 12303 12303
GDP From Agriculture (LKR Million) 186854.00 163684 172524 193020 193394 200355
GDP From Construction (LKR Million) 171094.00 164471 161711 176740 177082 183456
GDP From Manufacturing (LKR Million) 348130.00 314763 395207 359618 360315 373284
GDP From Mining (LKR Million) 57191.00 56285 53958 59078 59193 61323
GDP From Public Administration (LKR Million) 123450.00 101981 109303 127524 127771 132370
GDP From Services (LKR Million) 1469899.00 1399989 1442380 1518406 1521345 1576105
GDP From Transport (LKR Million) 320545.00 216390 282995 331123 331764 343706
GDP From Utilities (LKR Million) 24452.00 24322 25654 25259 25308 26219
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployed Persons 389406.00 345000 348000 355000 355000 349000
Labor Force Participation Rate (%) 52.20 53.7 54.2 53.8 53.8 51.9
Population (Million) 21.44 21.9 21.9 21.68 21.92 21.92
Wages High Skilled (LKR/Month) 57500.00 61900 61900 61900 61900 62500
Wages Low Skilled (LKR/Month) 21500.00 25800 25800 25800 25800 26200
Youth Unemployment Rate (%) 19.60 21.5 21.5 21.5 21 20.9
Employment Rate (%) 95.90 95.2 95.4 95.5 95.5 95.9
Living Wage Family (LKR/Month) 52100.00 52100 52100 52100 52100 42900
Living Wage Individual (LKR/Month) 29100.00 29100 29100 29100 29100 25300
Minimum Wages (LKR/Month) 10000.00 10000 10000 10000 10000 10000
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 4.50 4.2 4.4 4.6 4.4 4.7
Consumer Price Index CPI (Index Points) 127.00 131 130 132 132 138
Core Consumer Prices (Index Points) 132.60 131 133 134 137 139
Core Inflation Rate (%) 5.60 3.2 3.7 3.8 4 4.1
Producer Prices (Index Points) 137.70 145 136 144 142 150
Inflation Rate Mom (%) 0.30 0.5 0.6 0.9 0.6 1.2
Producer Prices Change (%) 3.10 6.2 5.4 5 5 3.8
CPI Transportation (Index Points) 111.00 112 115 116 113 121
Food Inflation (%) -0.90 1.5 2.9 3.3 4.5 6.9
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 8.00 8.5 8.5 8.5 8 7.5
Interbank Rate (%) 10.09 11 11 11 10.5 10.5
Money Supply M2 (LKR Million) 6419135.00 6210000 6230000 6270000 6270000 6400000
Foreign Exchange Reserves (LKR Million) 1085117.00 1555000 1600000 1630000 1630000 1720000
Banks Balance Sheet (LKR Million) 9045664.40 9500000 9750000 9820000 9820000 10500000
Deposit Interest Rate (%) 8.00 8 8 8 7.5 7.5
Central Bank Balance Sheet (LKR Million) 1917438.70 2180000 2220000 2270000 2270000 2350000
Lending Rate (%) 9.00 9 9 9 8.5 8.5
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (USD Million) -451.00 -790 -670 -720 -840 -710
Current Account (USD Million) -815.14 -895 -370 -1090 -650 -810
Current Account to GDP (%) -3.00 -2.7 -2.7 -2.7 -2.5 -2.5
Exports (USD Million) 981.00 1120 1150 1090 1210 1180
Imports (USD Million) 1432.00 1910 1820 1810 2050 1890
External Debt (USD Million) 52310.45 57300 58000 58500 58500 62000
Tourist Arrivals 166975.00 141000 146000 251000 236000 264000
Gold Reserves (Tonnes) 19.90 22.3 22.3 22.3 22.3 22.4
Tourism Revenues (USD Million) 362.70 322 338 490 500 470
Remittances (USD Million) 555.00 570 550 720 700 750
Foreign Direct Investment (USD Million) 719.00 840 410 710 710 820
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 82.90 75 75 75 72 72
Government Budget (% of GDP) -5.30 -5.9 -5.9 -5.9 -6.3 -6.3
Government Spending (LKR Million) 1300180.20 1141981 1147069 1343086 1345687 1394123
Government Debt (LKR Million) 10994448.00 11000000 11300000 11600000 11600000 12200000
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 16.00 16 17 17 17 17
Sales Tax Rate (%) 15.00 15 15 15 15 15
Social Security Rate (%) 20.00 20 20 20 20 20
Social Security Rate For Companies (%) 12.00 12 12 12 12 12
Social Security Rate For Employees (%) 8.00 8 8 8 8 8
Business Actual Q2 Q3 Q4 Q1 2020
Industrial Production (%) 0.10 0.9 1.2 1.3 2.5 3.1
Changes in Inventories (LKR Million) 313742.80 1170000 1170000 1170000 1220000 1220000
Car Registrations 4294.00 5480 5410 3380 5500 5690
Services Pmi 45.30 49.9 53.5 54.1 53.5 56.9
Business Confidence (Index Points) 66.00 71 82 85 75 88
Manufacturing Pmi 41.00 48.7 53.8 53.7 54 55.9
Manufacturing Production (%) 0.40 0.1 0.8 1 0.8 1.3
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Spending (LKR Million) 10081222.90 8345445 8382628 10413903 10434066 10809632
Personal Savings (%) 21.20 23.6 23.6 23.6 23.6 23.6
Private Sector Credit (LKR Million) 5557407.50 5620000 5690000 5720000 5720000 5800000
Bank Lending Rate (%) 12.20 12.51 12.51 12.51 12.01 12.01
Housing Actual Q2 Q3 Q4 Q1 2020
Housing Index (Index Points) 808.50 837 845 861 855 873
Building Permits 2362.00 2700 2840 2720 2720 2940


This page has economic forecasts for Sri Lanka including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Sri Lanka economy.