Markets Actual Q1 Q2 Q3 Q4 2020
Currency 181.40 183 184 184 185 186
Stock Market (points) 5988.07 6027 5992 5957 5923 5854
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 2.90 4.7 5.1 5.4 4.5 5.2
Inflation Rate (%) 2.80 4.4 4.6 4.7 4.8 6
Interest Rate (%) 8.00 8 8.5 8.5 8.5 7.5
Balance of Trade (USD Million) -903.40 -920 -995 -930 -680 -650
Current Account (USD Million) -462.00 -930 -895 -870 -890 -810
Current Account to GDP (%) -2.60 -2.7 -2.7 -2.7 -2.7 -2.5
Government Debt to GDP (%) 77.60 75 75 75 75 72
Government Budget (% of GDP) -5.50 -5.9 -5.9 -5.9 -5.9 -6.3
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 16.00 17 16 17 17 17
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 2.90 4.7 5.1 5.4 4.5 5.2
GDP (USD Billion) 87.17 94.8 94.8 94.8 94.8 96.1
GDP Constant Prices (LKR Million) 2431627.00 2282399 2322188 2497281 2541050 2673185
Gross National Product (LKR Million) 12928685.00 13232509 13258366 13277759 13510476 14213021
Gross Fixed Capital Formation (LKR Million) 3502123.90 3584424 3591428 3596681 3659719 3850025
GDP per capita (USD) 3842.30 4230 4230 4230 4230 4350
GDP per capita PPP (USD) 11669.10 12150 12150 12150 12150 12303
GDP From Agriculture (LKR Million) 164700.00 158546 164771 169147 172112 181061
GDP From Construction (LKR Million) 155694.00 171889 169532 164101 162700 171161
GDP From Manufacturing (LKR Million) 312734.00 448836 320709 321178 326807 343801
GDP From Mining (LKR Million) 55796.00 61953 58696 58809 58307 61339
GDP From Public Administration (LKR Million) 107722.00 100461 106129 113539 112569 118423
GDP From Services (LKR Million) 1415107.00 1299057 1405058 1453315 1478787 1555684
GDP From Transport (LKR Million) 273333.00 227965 202188 280713 285633 300486
GDP From Utilities (LKR Million) 25637.00 25559 24982 26329 26791 28184
Labour Actual Q1 Q2 Q3 Q4 2020
Employed Persons 8040704.00 8150000 8170000 8210000 8230000 8400000
Unemployed Persons 346998.00 341000 345000 348000 355000 349000
Labor Force Participation Rate (%) 51.80 53.4 53.7 54.2 53.8 51.9
Population (Million) 21.44 21.9 21.9 21.9 21.9 22.2
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 21.5 20.9
Employment Rate (%) 95.40 95.9 95.2 95.4 95.5 95.9
Living Wage Family (LKR/Month) 52100.00 42700 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 Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 2.80 4.4 4.6 4.7 4.8 6
Consumer Price Index CPI (Index Points) 126.30 127 131 131 132 140
Core Consumer Prices (Index Points) 128.90 130 131 133 134 139
Core Inflation Rate (%) 3.40 3.4 3.2 3.7 3.8 4.1
GDP Deflator (Index Points) 142.70 144 144 144 144 145
Producer Prices (Index Points) 135.50 141 145 136 137 142
Export Prices (Index Points) 159.04 134 143 124 139 148
Import Prices (Index Points) 137.68 140 141 141 141 151
Inflation Rate Mom (%) 1.30 0.2 0.5 0.6 0.9 1.2
Producer Prices Change (%) 4.10 5.9 6.2 5.4 5 3.8
CPI Transportation (Index Points) 110.60 103 113 115 117 124
Food Inflation (%) -1.00 6.4 6.1 5.9 6.3 6.9
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 8.00 8 8.5 8.5 8.5 7.5
Interbank Rate (%) 10.65 10.51 11.01 11.01 11.01 11.01
Money Supply M0 (LKR Million) 623580.00 651000 655000 659000 661000 672000
Money Supply M1 (LKR Million) 788820.00 823000 831000 838000 842000 855000
Money Supply M2 (LKR Million) 6355320.00 6190000 6210000 6230000 6270000 6400000
Foreign Exchange Reserves (LKR Million) 1378135.00 1540000 1555000 1600000 1630000 1720000
Banks Balance Sheet (LKR Million) 8915070.30 9200000 9500000 9750000 9820000 10500000
Deposit Interest Rate (%) 7.10 7.1 8.35 8.35 7.1 7.1
Central Bank Balance Sheet (LKR Million) 1971914.50 2100000 2180000 2220000 2270000 2350000
Lending Rate (%) 9.00 9 9.5 9.5 9.5 9.5
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -903.40 -920 -995 -930 -680 -650
Current Account (USD Million) -462.00 -930 -895 -870 -890 -810
Current Account to GDP (%) -2.60 -2.7 -2.7 -2.7 -2.7 -2.5
Exports (USD Million) 979.10 950 890 870 850 910
Imports (USD Million) 1882.50 1870 1885 1800 1760 1730
External Debt (USD Million) 53177.39 56100 57300 58000 58500 62000
Terms of Trade (Index Points) 115.52 95.58 102 88.01 98.51 98.27
Tourist Arrivals 253169.00 175000 180000 179000 237000 244000
Gold Reserves (Tonnes) 19.90 22.3 22.3 22.3 22.3 22.4
Tourism Revenues (USD Million) 371.60 335 352 378 390 370
Remittances (USD Million) 534.20 710 670 650 720 750
Foreign Direct Investment (USD Million) 719.00 390 840 410 710 820
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 77.60 75 75 75 75 72
Government Budget (% of GDP) -5.50 -5.9 -5.9 -5.9 -5.9 -6.3
Government Budget Value (LKR Million) -733494.00 -690000 -690000 -690000 -690000 -730000
Government Spending (LKR Million) 1130674.00 1183816 1188338 1191730 1181554 1242995
Fiscal Expenditure (LKR Million) 2573056.00 2710000 2710000 2710000 2710000 2840000
Government Debt (LKR Million) 10994448.00 10900000 11000000 11300000 11600000 12200000
Government Revenues (LKR Million) 1839562.00 2020000 2020000 2020000 2020000 2110000
Military Expenditure (USD Million) 1842.50 1883 1883 1883 1883 1900
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 16.00 17 16 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 Q1 Q2 Q3 Q4 2020
Industrial Production (%) 0.40 3.7 3.9 4.1 4.3 5.1
Capacity Utilization (%) 81.00 80 80 80 80 81
Changes in Inventories (LKR Million) 1217425.70 1170000 1170000 1170000 1170000 1220000
Car Registrations 6210.00 6560 6480 6410 6380 6690
Services Pmi 54.70 56.8 56.9 56.5 57.1 56.9
Business Confidence (Index Points) 78.00 83 81 82 85 88
Manufacturing Pmi 53.70 56.2 56.8 54.8 57.7 58.9
Manufacturing Production (%) 0.40 0.5 0.1 0.8 1 1.3
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Spending (LKR Million) 8262817.00 8456993 8473519 8485913 8634644 9083645
Personal Savings (%) 15.20 23.6 23.6 23.6 23.6 23.6
Private Sector Credit (LKR Million) 5435074.60 5550000 5620000 5690000 5720000 5800000
Bank Lending Rate (%) 12.03 12.25 12.75 12.75 12.75 12.75
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (Index Points) 808.50 827 837 845 861 873
Building Permits 2824.00 2830 2700 2840 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.