Markets Actual Q4 Q1 Q2 Q3 2021
Currency 184.20 185 185 186 186 187
Stock Market (points) 5945.79 5843 5753 5665 5577 5403

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -1.60 2.1 4 5.5 3.1 4
Unemployment Rate (%) 5.70 5.3 5.5 5.4 4.9 5.1
Inflation Rate (%) 4.00 4.7 3.7 3.3 3.8 4
Interest Rate (%) 4.50 4.5 4.5 4.5 4.5 4.5
Balance of Trade (USD Million) -342.10 -820 -600 -790 -830 -820
Current Account (USD Million) -548.36 -750 -780 -790 -730 -750
Current Account to GDP (%) -2.20 -3.5 -2.5 -2.5 -2.5 -2.5
Government Debt to GDP (%) 86.80 92.5 89.5 89.5 89.5 89.5
Government Budget (% of GDP) -6.80 -8.5 -8 -8 -8 -8
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 24.00 24 24 24 24 24

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -1.60 2.1 4 5.5 3.1 4
GDP (USD Billion) 84.01 82 88 88 88 88
GDP Constant Prices (LKR Million) 2292589.00 2835287 2795324 2384293 2418681 2948698
Gross National Product (LKR Million) 14583892.00 14859241 14890154 15167248 15386006 15453611
Gross Fixed Capital Formation (LKR Million) 4070019.60 3921348 4155490 4232820 4293871 4078202
GDP per capita (USD) 4011.70 3950 4100 4100 4100 4100
GDP per capita PPP (USD) 13078.10 12600 13100 13100 13100 13100
GDP From Agriculture (LKR Million) 153735.00 197654 189353 159884 162190 205560
GDP From Construction (LKR Million) 148966.00 180983 176883 154925 157159 188223
GDP From Manufacturing (LKR Million) 399491.00 368252 407880 415471 421463 382982
GDP From Mining (LKR Million) 51232.00 60497 58912 53281 54050 62917
GDP From Public Administration (LKR Million) 98631.00 130585 128979 102576 104056 135809
GDP From Services (LKR Million) 1367507.00 1554859 1539630 1422207 1442720 1617054
GDP From Transport (LKR Million) 232917.00 339072 331247 242234 245727 352635
GDP From Utilities (LKR Million) 26191.00 25865 26255 27239 27632 26900

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 5.70 5.3 5.5 5.4 4.9 5.1
Unemployed Persons 483172.00 425000 429000 430000 431000 429000
Labor Force Participation Rate (%) 51.00 51.5 52 52.5 53 53.5
Population (Million) 21.90 22.13 22.36 22.36 22.36 22.36
Minimum Wages (LKR/Month) 10000.00 10000 10000 10000 10000 11000
Youth Unemployment Rate (%) 23.30 24 22.5 22 23 22
Employment Rate (%) 94.30 93.5 94 94 95 95

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 4.00 4.7 3.7 3.3 3.8 4
Consumer Price Index CPI (points) 136.30 139 138 138 140 147
Core Consumer Prices (points) 139.90 139 140 142 144 145
Core Inflation Rate (%) 3.20 3.5 3.9 3.9 4 4.1
GDP Deflator (points) 151.80 145 158 157 157 165
Producer Prices (points) 144.50 150 146 145 147 156
Producer Prices Change (%) 7.70 2.5 1.5 0.5 2.8 2.5
CPI Transportation (points) 117.60 122 120 120 121 129
Food Inflation (%) 11.50 6.5 3.5 3.5 5.5 5.5
Inflation Rate Mom (%) 0.70 0.2 0.5 0.6 0.8 1

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 4.50 4.5 4.5 4.5 4.5 4.5
Interbank Rate (%) 6.96 10.5 6.96 6.96 6.96 10
Money Supply M2 (LKR Million) 7717772.00 7948433 8116423 8284414 8452404 8620394
Foreign Exchange Reserves (LKR Million) 1317527.00 1337607 1361472 1414358 1467018 1526552
Banks Balance Sheet (LKR Million) 10924978.80 10420122 10423317 10426511 10429706 10432900
Lending Rate (%) 5.50 8.5 5.5 5.5 5.5 8
Cash Reserve Ratio (%) 2.00 2 2 2 2 2
Central Bank Balance Sheet (LKR Million) 2287528.40 2171901 2203373 2234846 2266318 2297790

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) -342.10 -820 -600 -790 -830 -820
Current Account (USD Million) -548.36 -750 -780 -790 -730 -750
Current Account to GDP (%) -2.20 -3.5 -2.5 -2.5 -2.5 -2.5
Imports (USD Million) 1289.10 1550 1790 1800 1750 1950
Exports (USD Million) 947.00 950 1000 970 970 1150
External Debt (USD Million) 50814.10 60000 59000 57000 60000 62000
Tourist Arrivals 0.00 22000 25000 31000 42000 44000
Gold Reserves (Tonnes) 6.70 10 15 15 15 15
Remittances (USD Million) 431.80 550 650 650 700 750
Tourism Revenues (USD Million) 135.00 90 150 200 250 400
Foreign Direct Investment (USD Million) 153.00 350 400 400 590 550

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 86.80 92.5 89.5 89.5 89.5 89.5
Government Budget (% of GDP) -6.80 -8.5 -8 -8 -8 -8
Government Budget Value (LKR Million) -1016483.00 -1140945 -1196929 -1196929 -1196929 -1196929
Government Spending (LKR Million) 1416988.70 1375331 1446745 1473668 1494923 1430344
Military Expenditure (USD Million) 1710.00 1700 1800 1800 1800 1800
Fiscal Expenditure (LKR Million) 2915291.00 3098399 3286666 3286666 3286666 3286666
Government Debt (LKR Million) 12874786.00 13964155 14507063 14507063 14507063 14507063
Government Revenues (LKR Million) 1898808.00 2163447 2296310 2296310 2296310 2296310

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 24.00 24 24 24 24 24
Sales Tax Rate (%) 8.00 15 8 8 8 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 Q4 Q1 Q2 Q3 2021
Industrial Production (%) -13.70 -1.5 2.5 3.5 4.5 3.5
Capacity Utilization (%) 81.00 81 81 81 81 81
Changes in Inventories (LKR Million) -7711.60 155000 155000 355000 355000 355000
Car Registrations 2929.00 2500 3000 3300 3500 3500
Manufacturing Pmi (points) 59.80 51.9 52 53 53.5 55.9
Manufacturing Production (%) -13.70 1.3 1.3 1.3 1.3 1.3
Services Pmi (points) 54.30 51 53 53 55 57
Business Confidence (points) 45.00 37 45 45 52 55

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Spending (LKR Million) 10405872.40 10663918 10624396 10822107 10978195 11090474
Personal Savings (%) 21.30 20.5 21.5 21.5 21.5 21.5
Private Sector Credit (LKR Million) 5943257.90 5994487 6052833 6112833 6183214 6227869
Bank Lending Rate (%) 6.66 12.01 7.47 7.47 7.47 11.51

Housing Actual Q4 Q1 Q2 Q3 2021
Housing Index (points) 851.30 873 875 865 850 830
Building Permits 2752.00 2900 2700 2900 3000 3000


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.