Markets Actual Q1 Q2 Q3 Q4 2023
Stock Market (points) 13338.49 12825 12331 11857 11400 10540

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) -1.50 3.3 3.25 3.2 3.2 4.2
Unemployment Rate (%) 5.20 5 4.9 4.8 4.8 4.5
Inflation Rate (%) 12.10 9 8.3 7 6.5 6
Interest Rate (%) 5.00 5 5.25 5.25 5.5 5.5
Balance of Trade (USD Million) -495.00 -500 -500 -500 -430 -350
Current Account (USD Million) -740.80 -2450 -2300 -2250 -2200 -2000
Current Account to GDP (% of GDP) -1.30 -3.15 -3.1 -3.1 -3 -2.5
Government Debt to GDP (% of GDP) 101.00 115 115 115 115 120
Government Budget (% of GDP) -11.10 -7.5 -7.5 -7.5 -7.5 -7
Corporate Tax Rate (%) 24.00 28 28 28 28 28
Personal Income Tax Rate (%) 24.00 24 24 24 24 24

GDP Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) -1.50 3.3 3.25 3.2 3.2 4.2
GDP (USD Billion) 80.71 83 83 83 83 88
GDP Constant Prices (LKR Million) 2497489.00 2860420 2472921 2240579 2577409 2951954
Gross National Product (LKR Million) 14567811.00 15063117 15048549 15041265 15033981 15545136
Gross Fixed Capital Formation (LKR Million) 3809794.30 3939327 3935518 3933613 3931708 4065386
GDP per capita (USD) 4052.75 4300 4300 4300 4300 4500
GDP per capita PPP (USD) 12536.94 13300 13300 13300 13300 13600
GDP From Agriculture (LKR Million) 178885.00 194226 168660 170544 184609 200441
GDP From Construction (LKR Million) 143035.00 181328 159377 141856 147612 187131
GDP From Manufacturing (LKR Million) 425455.00 369638 485906 333845 439070 381467
GDP From Mining (LKR Million) 48326.00 62004 54873 48398 49872 63988
GDP From Public Administration (LKR Million) 112266.00 134485 102847 108989 115859 138789
GDP From Services (LKR Million) 1457016.00 1583503 1458427 1346307 1503641 1634175
GDP From Transport (LKR Million) 242280.00 337303 243283 166916 250033 348097
GDP From Utilities (LKR Million) 27510.00 26637 27742 27737 28390 27489

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 5.20 5 4.9 4.8 4.8 4.5
Unemployed Persons 432463.00 420000 415000 412000 412000 375000
Labor Force Participation Rate (%) 49.80 51.5 52 52.5 52.5 53
Population (Million) 21.92 22.36 22.36 22.36 22.4 22.4
Minimum Wages (LKR/Month) 10000.00 10000 10000 10000 11000 11000
Youth Unemployment Rate (%) 30.00 33 33 33 33 28
Employment Rate (%) 94.90 95.2 95.4 95.7 96 96

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 12.10 9 8.3 7 6.5 6
Consumer Price Index CPI (points) 154.70 155 151 154 154 165
Core Consumer Prices (points) 153.00 152 153 157 159 165
Core Inflation Rate (%) 7.00 8.3 8.3 8.3 8.3 6.5
GDP Deflator (points) 151.90 170 166 165 163 181
Producer Prices (points) 130.10 182 187 144 154 184
Producer Prices Change (%) 16.30 15.5 16.3 17 18 20
Food Inflation (%) 22.10 17.5 16.3 15.4 15 12
CPI Transportation (points) 130.20 134 137 140 143 146
Inflation Rate Mom (%) 2.70 2.7 2.5 2.3 2.2 1.8

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 5.00 5 5.25 5.25 5.5 5.5
Interbank Rate (%) 6.96 6.96 7.21 7.21 7.46 7.46
Money Supply M2 (LKR Million) 9535950.00 9928987 10168987 10408987 10649000 11609000
Foreign Exchange Reserves (USD Million) 3100.00 2500 2650 2800 3000 4500
Banks Balance Sheet (LKR Million) 12923184.10 13732900 14032900 14332900 14645677 15845677
Lending Rate (%) 6.00 6 6.25 6.25 6.5 6.5
Cash Reserve Ratio (%) 4.00 4 4 4 4 4
Central Bank Balance Sheet (LKR Million) 2324344.10 2553250 2585500 2618000 2650000 2750000

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (USD Million) -495.00 -500 -500 -500 -430 -350
Current Account (USD Million) -740.80 -2450 -2300 -2250 -2200 -2000
Current Account to GDP (% of GDP) -1.30 -3.15 -3.1 -3.1 -3 -2.5
Imports (USD Million) 1694.00 1850 1900 1930 1950 2500
Exports (USD Million) 1200.00 1350 1400 1500 1600 2000
External Debt (USD Million) 51117.43 54500 53600 52500 52000 50000
Tourist Arrivals 89506.00 150000 100000 100000 250000 250000
Gold Reserves (Tonnes) 6.70 8 8 8 8 10
Remittances (USD Million) 446.60 525 550 560 575 600
Tourism Revenues (USD Million) 31.00 150 100 180 250 300
Foreign Direct Investment (USD Million) 178.16 200 220 240 250 350

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 101.00 115 115 115 115 120
Government Budget (% of GDP) -11.10 -7.5 -7.5 -7.5 -7.5 -7
Government Budget Value (LKR Million) -1016483.00 -1874933 -1874933 -1874933 -1874933 -1974933
Government Spending (LKR Million) 1556489.00 1609410 1607853 1607075 1606297 1660911
Military Expenditure (USD Million) 1560.00 1800 1800 1800 1800 1800
Fiscal Expenditure (LKR Million) 3040996.00 3674933 3674933 3674933 3674933 4174933
Government Debt (LKR Million) 16564520.00 18000000 18500000 19000000 19500000 22000000
Government Revenues (LKR Million) 1373308.00 1550000 1600000 1700000 1800000 2200000

Taxes Actual Q1 Q2 Q3 Q4 2023
Corporate Tax Rate (%) 24.00 28 28 28 28 28
Personal Income Tax Rate (%) 24.00 24 24 24 24 24
Sales Tax Rate (%) 8.00 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 Q1 Q2 Q3 Q4 2023
Industrial Production (%) -3.46 1.2 1.25 1.5 2 2.5
Capacity Utilization (%) 67.00 81 81 81 81 81
Changes in Inventories (LKR Million) -64200.50 25000 50000 100000 150000 150000
Car Registrations 257.00 200 200 300 400 600
Manufacturing PMI (points) 61.90 58 61 61 64 65
Manufacturing Production (%) 2.90 2 2 2 2 2.2
Services PMI (points) 62.10 57 59 59 60 62
Business Confidence (points) 71.00 110 115 120 125 140

Consumer Actual Q1 Q2 Q3 Q4 2023
Consumer Spending (LKR Million) 10589745.40 10949797 10939207 10933912 10928617 11300190
Personal Savings (%) 18.90 21.5 21.5 21.5 22.5 22.5
Private Sector Credit (LKR Million) 7191193.40 6527869 6627869 6627869 6461877 6061877
Bank Lending Rate (%) 8.00 8 8.25 8.25 8.5 8.5

Housing Actual Q1 Q2 Q3 Q4 2023
Housing Index (points) 883.40 900 905 910 915 940
Building Permits 1942.00 2400 2650 2800 3000 3000


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Sri Lanka Forecast - was last updated on Sunday, January 16, 2022.