Markets Actual Q3 Q4 Q1 Q2 2020
Currency 180.25 180 180 181 182 183
Stock Market (points) 5825.54 5845 5800 5755 5711 5623
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 3.70 2.9 3.3 3.5 3.1 3.8
Inflation Rate (%) 3.40 4.4 4.6 4.4 4.6 4.7
Interest Rate (%) 7.00 7.5 7 6.5 6.5 6.5
Balance of Trade (USD Million) -316.00 -670 -910 -910 -910 -820
Current Account (USD Million) 423.20 -370 -1090 -650 -900 -810
Current Account to GDP (%) -3.00 -2.7 -2.7 -2.5 -2.5 -2.5
Government Debt to GDP (%) 82.90 75 75 72 72 72
Government Budget (% of GDP) -5.30 -5.9 -5.9 -6.3 -6.3 -6.3
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 16.00 17 17 17 17 17
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 3.70 2.9 3.3 3.5 3.1 3.8
GDP (USD Billion) 88.90 94.8 94.8 96.1 96.1 96.1
GDP Constant Prices (LKR Million) 2326273.00 2512608 2768814 2407693 2398387 2874029
Gross National Product (LKR Million) 14047307.00 13439377 14510868 14538963 14482774 15062281
Gross Fixed Capital Formation (LKR Million) 3707078.50 3603685 3829412 3836826 3821998 3974930
GDP per capita (USD) 3936.50 4230 4230 4350 4350 4350
GDP per capita PPP (USD) 11955.50 12150 12150 12303 12303 12303
GDP From Agriculture (LKR Million) 162364.00 174990 193020 168047 167397 200355
GDP From Construction (LKR Million) 177851.00 164023 176740 184076 183364 183456
GDP From Manufacturing (LKR Million) 447545.00 400855 359618 463209 461419 373284
GDP From Mining (LKR Million) 62670.00 54729 59078 64863 64613 61323
GDP From Public Administration (LKR Million) 97321.00 110865 127524 100727 100338 132370
GDP From Services (LKR Million) 1335470.00 1462995 1518406 1382211 1376870 1576105
GDP From Transport (LKR Million) 232601.00 287040 331123 240742 239812 343706
GDP From Utilities (LKR Million) 25028.00 26020 25259 25904 25804 26219
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployed Persons 399784.00 348000 355000 355000 355000 349000
Labor Force Participation Rate (%) 52.60 54.2 53.8 53.8 53.8 51.9
Population (Million) 21.67 21.9 21.68 21.92 21.92 21.92
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 (%) 21.90 21.5 21.5 21 21 20.9
Employment Rate (%) 95.30 95.4 95.5 95.5 95.5 95.9
Living Wage Family (LKR/Month) 52100.00 52100 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 Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 3.40 4.4 4.6 4.4 4.6 4.7
Consumer Price Index CPI (Index Points) 130.10 130 132 132 136 138
Core Consumer Prices (Index Points) 134.60 133 134 137 137 139
Core Inflation Rate (%) 5.60 3.7 3.8 4 4 4.1
Producer Prices (Index Points) 137.60 136 144 145 144 150
Inflation Rate Mom (%) 0.10 0.6 0.9 0.6 0.6 1.2
Producer Prices Change (%) 0.60 5.4 5 5 4.3 3.8
CPI Transportation (Index Points) 117.20 115 116 113 119 121
Food Inflation (%) -2.80 2.9 3.3 4.5 4.5 6.9
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 7.00 7.5 7 6.5 6.5 6.5
Interbank Rate (%) 8.47 9.26 9.26 8.76 8.76 8.76
Money Supply M2 (LKR Million) 6661231.00 6230000 6270000 6270000 6270000 6400000
Foreign Exchange Reserves (LKR Million) 1565035.00 1600000 1630000 1630000 1630000 1720000
Banks Balance Sheet (LKR Million) 9187270.70 9750000 9820000 9820000 9820000 10500000
Deposit Interest Rate (%) 7.00 8 8 7.5 7.5 7.5
Central Bank Balance Sheet (LKR Million) 2031981.00 2220000 2270000 2270000 2270000 2350000
Lending Rate (%) 8.00 9 9 8.5 8.5 8.5
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Million) -316.00 -670 -910 -910 -910 -820
Current Account (USD Million) 423.20 -370 -1090 -650 -900 -810
Current Account to GDP (%) -3.00 -2.7 -2.7 -2.5 -2.5 -2.5
Exports (USD Million) 1084.00 1150 1090 1210 1190 1180
Imports (USD Million) 1400.00 1820 1810 2050 1990 1890
External Debt (USD Million) 54221.66 58000 58500 54037 54141 62000
Tourist Arrivals 143587.00 90000 151000 170000 83000 164000
Gold Reserves (Tonnes) 19.89 22.3 22.3 22.3 22.3 22.4
Tourism Revenues (USD Million) 475.20 338 490 500 500 470
Remittances (USD Million) 584.50 550 720 700 710 750
Foreign Direct Investment (USD Million) 167.00 410 710 710 710 820
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 82.90 75 75 72 72 72
Government Budget (% of GDP) -5.30 -5.9 -5.9 -6.3 -6.3 -6.3
Government Spending (LKR Million) 1300180.20 1163464 1343086 1345687 1340486 1394123
Government Debt (LKR Million) 12271315.00 11300000 11600000 11600000 11600000 12200000
Taxes Actual Q3 Q4 Q1 Q2 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 (%) 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 Q3 Q4 Q1 Q2 2020
Industrial Production (%) 2.20 1.2 1.3 2.5 2.5 3.1
Changes in Inventories (LKR Million) 313742.80 1170000 1170000 1220000 1220000 1220000
Car Registrations 3758.00 5410 3380 5500 5500 5690
Services Pmi 57.10 53.5 54.1 53.5 53.5 56.9
Business Confidence (Index Points) 74.00 82 85 75 75 88
Manufacturing Pmi 55.70 53.8 53.7 54 54 55.9
Manufacturing Production (%) 2.20 0.8 1 0.8 0.6 1.3
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Spending (LKR Million) 10081222.90 8502439 10413903 10434066 10393741 10809632
Personal Savings (%) 21.20 23.6 23.6 23.6 23.6 23.6
Private Sector Credit (LKR Million) 5635504.20 5690000 5720000 5720000 5720000 5800000
Bank Lending Rate (%) 10.89 12.02 12.02 11.52 11.52 11.52
Housing Actual Q3 Q4 Q1 Q2 2020
Housing Index (Index Points) 827.80 845 861 855 855 873
Building Permits 3007.00 2840 2720 2720 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.