Markets Actual Q1 Q2 Q3 Q4 2020
Currency 181.35 182 182 183 183 184
Stock Market (points) 5914.33 6067 6024 5980 5937 5852
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 2.70 3.5 3.1 3.9 3.8 4
Unemployment Rate (%) 5.10 4.3 4.6 4.6 4.6 4.6
Inflation Rate (%) 4.80 4.4 4.6 4.7 4.7 4.7
Interest Rate (%) 7.00 6.5 6.5 6.5 6.5 6
Balance of Trade (USD Million) -838.00 -910 -500 -450 -820 -820
Current Account (USD Million) -522.26 -650 -900 -850 -810 -810
Current Account to GDP (%) -3.00 -2.5 -2.5 -2.5 -2.5 -2.2
Government Debt to GDP (%) 82.90 72 72 72 72 70
Government Budget (% of GDP) -5.30 -5.5 -5.5 -5.5 -5.5 -4.5
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 16.00 17 17 17 17 17
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 2.70 3.5 3.1 3.9 3.8 4
GDP (USD Billion) 88.90 95 95 95 95 98
GDP Constant Prices (LKR Million) 2507363.00 2366831 2350666 2556257 2602643 2706749
Gross National Product (LKR Million) 14047307.00 14293135 14265040 14321229 14581105 15164349
Gross Fixed Capital Formation (LKR Million) 3707078.50 3771952 3764538 3779367 3847947 4001865
GDP per capita (USD) 3936.50 4250 4250 4250 4250 4358
GDP per capita PPP (USD) 11955.50 12303 12303 12303 12303 12303
GDP From Agriculture (LKR Million) 170732.00 165357 165768 174061 177220 184309
GDP From Construction (LKR Million) 166770.00 180191 168143 170022 173107 180032
GDP From Manufacturing (LKR Million) 313145.00 455377 317999 319251 325045 338046
GDP From Mining (LKR Million) 55822.00 63743 56281 56911 57943 60261
GDP From Public Administration (LKR Million) 109306.00 99026 104395 111437 113460 117998
GDP From Services (LKR Million) 1461425.00 1359374 1429749 1489923 1516959 1577638
GDP From Transport (LKR Million) 282904.00 236836 213482 288421 293654 305401
GDP From Utilities (LKR Million) 25676.00 25452 26143 26177 26652 27718
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 5.10 4.3 4.6 4.6 4.6 4.6
Unemployed Persons 420231.00 417000 419000 420000 421000 429000
Labor Force Participation Rate (%) 52.20 53 53.1 53.3 53.5 53.9
Population (Million) 21.67 22.13 22.13 22.13 22.13 22.36
Wages High Skilled (LKR/Month) 57500.00 61900 61900 61900 62500 64000
Wages Low Skilled (LKR/Month) 21500.00 25800 25800 25800 26200 26800
Youth Unemployment Rate (%) 20.00 21 21 21 20.9 20.9
Employment Rate (%) 95.10 95.1 95.3 95.3 95.5 95.5
Living Wage Family (LKR/Month) 52100.00 52100 52100 52100 42900 44500
Living Wage Individual (LKR/Month) 29100.00 29100 29100 29100 25300 25300
Minimum Wages (LKR/Month) 10000.00 10000 10000 10000 10000 11000
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 4.80 4.4 4.6 4.7 4.7 4.7
Consumer Price Index CPI (points) 132.40 132 136 137 139 145
Core Consumer Prices (points) 135.50 138 140 140 141 147
Core Inflation Rate (%) 5.10 4 4 3.5 4.1 4.1
GDP Deflator (points) 149.82 156 157 157 157 164
Producer Prices (points) 138.30 143 144 138 142 145
Inflation Rate Mom (%) 0.50 0.6 0.6 0.5 1.2 1.2
Producer Prices Change (%) 1.50 3.1 5.5 1.9 2.5 2.5
CPI Transportation (points) 115.50 113 119 121 121 127
Food Inflation (%) 6.30 4.5 4.5 4.5 6.9 6.9
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 7.00 6.5 6.5 6.5 6.5 6
Interbank Rate (%) 8.42 7.94 7.94 7.94 7.94 7.94
Money Supply M2 (LKR Million) 6790393.00 6830000 6890000 6900000 6920000 7000000
Foreign Exchange Reserves (LKR Million) 1356934.00 1610000 1610000 166000 1720000 1720000
Banks Balance Sheet (LKR Million) 9624866.20 9450000 9470000 9480000 9600000 9800000
Deposit Interest Rate (%) 7.00 7 7 7 7 7
Cash Reserve Ratio (%) 5.00 5 5 5 6 6
Central Bank Balance Sheet (LKR Million) 1911778.50 2310000 2280000 2320000 2350000 2350000
Lending Rate (%) 8.00 7.5 7.5 7.5 7.5 7.5
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -838.00 -910 -500 -450 -820 -820
Current Account (USD Million) -522.26 -650 -900 -850 -810 -810
Current Account to GDP (%) -3.00 -2.5 -2.5 -2.5 -2.5 -2.2
Exports (USD Million) 977.00 1210 1190 1250 1280 1340
Imports (USD Million) 1816.00 2050 1690 1700 1890 1950
External Debt (USD Million) 55157.27 56900 57500 58000 60000 62000
Tourist Arrivals 241663.00 225000 83000 130000 220000 240000
Gold Reserves (Tonnes) 19.66 20.3 20.6 20.6 20.6 21
Tourism Revenues (USD Million) 269.50 260 200 250 320 520
Remittances (USD Million) 518.20 620 580 600 750 750
Foreign Direct Investment (USD Million) 230.00 210 210 960 550 550
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 82.90 72 72 72 72 70
Government Budget (% of GDP) -5.30 -5.5 -5.5 -5.5 -5.5 -4.5
Government Budget Value (LKR Million) -760769.00 -730000 -730000 -730000 -730000 -730000
Government Spending (LKR Million) 1300180.20 1322933 1320333 1325534 1349587 1403571
Fiscal Expenditure (LKR Million) 2693228.00 2840000 2840000 2840000 2840000 2840000
Government Debt (LKR Million) 12599843.00 12700000 12700000 12850000 12900000 13200000
Government Revenues (LKR Million) 1932459.00 2110000 2110000 2110000 2110000 2110000
Military Expenditure (USD Million) 1710.00 1900 1900 1900 1900 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 17 17 17 17
Sales Tax Rate (%) 8.00 8 8 8 8 8
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 (%) 0.50 2.5 2.1 2.8 3.1 3.1
Capacity Utilization (%) 81.00 81 81 81 81 81
Changes in Inventories (LKR Million) 313742.80 355000 355000 355000 355000 536000
Car Registrations 3499.00 4500 3000 5500 5690 5690
Services Pmi (points) 60.20 53.5 53.5 53 56.9 56.9
Business Confidence (points) 63.00 75 78 80 88 88
Manufacturing Pmi (points) 54.30 56 56 53 55.9 55.9
Manufacturing Production (%) 0.50 0.8 0.6 0.5 1.3 1.3
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Spending (LKR Million) 10081222.90 10257644 10237482 10277807 10464309 10882882
Personal Savings (%) 21.20 22.6 22.6 22.6 22.6 23.1
Private Sector Credit (LKR Million) 5740657.60 5720000 5720000 5750000 5800000 5800000
Bank Lending Rate (%) 10.15 9.94 9.94 9.94 9.94 9.94
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (points) 837.90 855 855 860 873 832
Building Permits 2491.00 2750 2200 2600 2940 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.