Markets Actual Q1 Q2 Q3 Q4 2022
Currency 197.00 198 198 199 199 200
Stock Market (points) 8463.43 8171 8045 7921 7799 7555

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) 1.50 4 12.5 2.1 4 4.5
Unemployment Rate (%) 5.40 5.5 5.4 4.9 5.1 5.1
Inflation Rate (%) 4.20 4.1 3.9 3.8 4 4.5
Interest Rate (%) 4.50 4.5 4.5 4.5 4.5 4.5
Balance of Trade (USD Million) -565.00 -820 -790 -830 -820 -820
Current Account (USD Million) 240.06 -780 -790 -730 -750 -750
Current Account to GDP (%) -2.20 -2.5 -2.5 -2.5 -2.5 -2.2
Government Debt to GDP (%) 86.80 93 93 93 93 93
Government Budget (% of GDP) -6.80 -8 -8 -8 -8 -6
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 24.00 24 24 24 24 24

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) 1.50 4 12.5 2.1 4 4.5
GDP (USD Billion) 84.01 88 88 88 88 97
GDP Constant Prices (LKR Million) 2336176.00 2795324 2384293 2043653 2948698 2907137
Gross National Product (LKR Million) 14583892.00 14890154 15167248 16406879 15453611 15485760
Gross Fixed Capital Formation (LKR Million) 4070019.60 4155490 4232820 4578772 4078202 4321710
GDP per capita (USD) 4011.70 4100 4100 4100 4100 4300
GDP per capita PPP (USD) 13078.10 13100 13100 13100 13100 13300
GDP From Agriculture (LKR Million) 181094.00 189353 159884 175767 205560 196927
GDP From Construction (LKR Million) 151828.00 176883 154925 130416 188223 183958
GDP From Manufacturing (LKR Million) 399491.00 407880 415471 449427 382982 424196
GDP From Mining (LKR Million) 52138.00 58912 53281 44738 62917 61268
GDP From Public Administration (LKR Million) 112139.00 128979 102576 117663 135809 134138
GDP From Services (LKR Million) 1483511.00 1539630 1422207 1364321 1617054 1601215
GDP From Transport (LKR Million) 285037.00 331247 242234 150494 352635 344497
GDP From Utilities (LKR Million) 27059.00 26255 27239 26841 26900 27305

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 5.40 5.5 5.4 4.9 5.1 5.1
Unemployed Persons 458359.00 429000 430000 431000 429000 429000
Labor Force Participation Rate (%) 50.20 52 52.5 53 53.5 53.5
Population (Million) 21.90 22.36 22.36 22.36 22.36 22.59
Minimum Wages (LKR/Month) 10000.00 10000 10000 10000 11000 11000
Youth Unemployment Rate (%) 27.70 22.5 22 23 22 21
Employment Rate (%) 94.30 94 94 95 95 96

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 4.20 4.1 3.9 3.8 4 4.5
Consumer Price Index CPI (points) 138.00 139 141 141 144 150
Core Consumer Prices (points) 140.50 139 140 142 145 145
Core Inflation Rate (%) 2.90 3.9 3.9 4 4 4.5
GDP Deflator (points) 151.80 158 158 158 158 165
Producer Prices (points) 146.10 145 147 149 150 154
Producer Prices Change (%) 5.50 1.5 0.5 2.8 2.8 3
CPI Transportation (points) 121.10 121 121 122 126 132
Food Inflation (%) 9.20 3.5 3.5 5.5 5.5 6
Inflation Rate Mom (%) 0.70 0.5 0.6 0.8 1 1

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 4.50 4.5 4.5 4.5 4.5 4.5
Interbank Rate (%) 6.96 6.96 6.96 6.96 6.96 6.96
Money Supply M2 (LKR Million) 8166461.00 8116423 8284414 8452404 8620394 9180362
Foreign Exchange Reserves (LKR Million) 1079078.00 1361472 1414358 1467018 1526552 1605930
Banks Balance Sheet (LKR Million) 10924978.80 10423317 10426511 10429706 10432900 10445677
Lending Rate (%) 5.50 5.5 5.5 5.5 5.5 5.5
Cash Reserve Ratio (%) 2.00 2 2 2 2 2
Central Bank Balance Sheet (LKR Million) 2287528.40 2203373 2234846 2266318 2297790 2423679

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) -565.00 -820 -790 -830 -820 -820
Current Account (USD Million) 240.06 -780 -790 -730 -750 -750
Current Account to GDP (%) -2.20 -2.5 -2.5 -2.5 -2.5 -2.2
Imports (USD Million) 1204.80 1790 1800 1750 1950 1950
Exports (USD Million) 819.20 1000 970 970 1150 1150
External Debt (USD Million) 51617.77 59000 57000 60000 62000 62000
Tourist Arrivals 393.00 25000 31000 42000 44000 250000
Gold Reserves (Tonnes) 6.70 15 15 15 15 20
Remittances (USD Million) 611.70 650 650 700 700 750
Tourism Revenues (USD Million) 0.00 150 200 250 400 500
Foreign Direct Investment (USD Million) 153.00 400 400 590 590 700

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 86.80 93 93 93 93 93
Government Budget (% of GDP) -6.80 -8 -8 -8 -8 -6
Government Budget Value (LKR Million) -1016483.00 -1196929 -1196929 -1196929 -1196929 -1252927
Government Spending (LKR Million) 1416988.70 1446745 1473668 1594112 1430344 1504615
Military Expenditure (USD Million) 1710.00 1800 1800 1800 1800 1800
Fiscal Expenditure (LKR Million) 2915291.00 3286666 3286666 3286666 3286666 3474933
Government Debt (LKR Million) 12874786.00 14507063 14507063 14507063 14507063 15592881
Government Revenues (LKR Million) 1898808.00 2296310 2296310 2296310 2296310 2429173

Taxes Actual Q1 Q2 Q3 Q4 2022
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 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 2022
Industrial Production (%) 2.40 2.5 3.5 4.5 3.5 4.5
Capacity Utilization (%) 81.00 81 81 81 81 81
Changes in Inventories (LKR Million) -7711.60 155000 155000 355000 355000 456000
Car Registrations 2688.00 3000 3300 3500 3500 4000
Manufacturing PMI (points) 61.20 55 57 60 55 55
Manufacturing Production (%) 2.40 1.3 1.3 1.3 1.3 1.3
Services PMI (points) 55.60 53 55 58 57 57
Business Confidence (points) 45.00 45 45 52 55 68

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Spending (LKR Million) 10405872.40 10624396 10822107 11706606 11090474 11049372
Personal Savings (%) 21.30 21.5 21.5 21.5 21.5 22.5
Private Sector Credit (LKR Million) 7058161.90 6052833 6112833 6183214 6227869 6461877
Bank Lending Rate (%) 5.83 5.83 5.83 5.83 5.83 5.83

Housing Actual Q1 Q2 Q3 Q4 2022
Housing Index (points) 861.60 875 865 850 830 840
Building Permits 1021.00 2700 2900 3000 3000 3500


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.