Markets Actual Q2 Q3 Q4 Q1 2021
Currency 185.40 186 186 187 187 188
Stock Market (points) 4781.03 4707 4635 4563 4493 4353

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 2.00 1.4 1.3 2.8 4 4
Unemployment Rate (%) 4.50 4.9 5.1 5.3 5.5 5.4
Inflation Rate (%) 4.00 2.5 4.7 4.7 4.7 4.7
Interest Rate (%) 5.50 5 4.5 4.5 4.5 4.5
Balance of Trade (USD Million) -549.00 -500 -450 -820 -610 -820
Current Account (USD Million) -882.00 -900 -850 -810 -810 -810
Current Account to GDP (%) -2.20 -3.5 -3.5 -3.5 -2.5 -2.5
Government Debt to GDP (%) 86.80 92.5 92.5 92.5 89.5 89.5
Government Budget (% of GDP) -6.80 -7.5 -7.5 -7.5 -8.2 -8.2
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 24.00 24 24 24 24 24

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 2.00 1.4 1.3 2.8 4 4
GDP (USD Billion) 91.00 95 95 95 98 98
GDP Constant Prices (LKR Million) 2737830.00 2330991 2523661 2577569 2607658 2680672
Gross National Product (LKR Million) 14583892.00 14145638 14138614 14440632 14609199 15018257
Gross Fixed Capital Formation (LKR Million) 4070019.60 3733028 3731175 3810877 3855362 3963312
GDP per capita (USD) 3936.50 4250 4250 4250 4358 4358
GDP per capita PPP (USD) 11955.50 12173 12303 12303 12173 12750
GDP From Agriculture (LKR Million) 185458.00 164381 171842 175512 177561 182533
GDP From Construction (LKR Million) 173245.00 166736 167854 171440 173441 178297
GDP From Manufacturing (LKR Million) 399491.00 315337 402088 410677 415471 427104
GDP From Mining (LKR Million) 57700.00 55810 56185 57385 58055 59680
GDP From Public Administration (LKR Million) 126326.00 103522 110016 112367 113678 116861
GDP From Services (LKR Million) 1507963.00 1417781 1470924 1502345 1519882 1562439
GDP From Transport (LKR Million) 324434.00 211696 284743 290825 294220 302458
GDP From Utilities (LKR Million) 25715.00 25924 25843 26395 26703 27451

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 4.50 4.9 5.1 5.3 5.5 5.4
Unemployed Persons 387460.00 419000 420000 421000 421000 429000
Labor Force Participation Rate (%) 51.90 53.1 53.3 53.5 53.5 53.9
Population (Million) 21.90 22.13 22.13 22.13 22.36 22.36
Living Wage Family (LKR/Month) 52100.00 52100 52100 42900 42900 44500
Living Wage Individual (LKR/Month) 29100.00 29100 29100 25300 25300 25300
Minimum Wages (LKR/Month) 10000.00 10000 10000 10000 10000 11000
Wages High Skilled (LKR/Month) 57500.00 61900 61900 62500 62500 64000
Youth Unemployment Rate (%) 23.30 22.7 22.8 23 23 23
Employment Rate (%) 94.90 95.3 95.3 95.5 95.5 95.5

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 4.00 2.5 4.7 4.7 4.7 4.7
Consumer Price Index CPI (points) 134.20 133 137 139 140 145
Core Consumer Prices (points) 136.90 139 140 141 143 146
Core Inflation Rate (%) 2.30 3.5 3.5 4.1 4.1 4.1
GDP Deflator (points) 151.80 154 157 157 157 164
Producer Prices (points) 144.90 144 138 146 149 150
Producer Prices Change (%) 3.10 5.5 1.9 2.5 2.5 2.5
CPI Transportation (points) 116.50 116 121 121 122 127
Food Inflation (%) 9.90 7.5 6.5 6.5 4 6.9
Inflation Rate Mom (%) 0.50 0.6 0.5 1.2 1.2 1.2

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 5.50 5 4.5 4.5 4.5 4.5
Interbank Rate (%) 7.00 6.91 6.41 6.41 6.41 6.41
Money Supply M2 (LKR Million) 7335948.00 6890000 6900000 6920000 6920000 7000000
Foreign Exchange Reserves (LKR Million) 1421033.00 1407485 1427329 1447174 1467018 1526552
Banks Balance Sheet (LKR Million) 9845417.30 9470000 9480000 9600000 9600000 9800000
Deposit Interest Rate (%) 5.50 7 7 7 7 7
Lending Rate (%) 6.50 6 5.5 5.5 5.5 5.5
Cash Reserve Ratio (%) 4.00 5 5 6 6 6
Central Bank Balance Sheet (LKR Million) 1907948.50 2280000 2320000 2350000 2350000 2350000

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (USD Million) -549.00 -500 -450 -820 -610 -820
Current Account (USD Million) -882.00 -900 -850 -810 -810 -810
Current Account to GDP (%) -2.20 -3.5 -3.5 -3.5 -2.5 -2.5
Imports (USD Million) 1205.00 1690 1700 1890 1890 1950
Exports (USD Million) 656.00 1190 1250 1280 1280 1340
External Debt (USD Million) 55157.27 57500 58000 60000 60000 62000
Tourist Arrivals 0.00 83000 130000 220000 230000 240000
Gold Reserves (Tonnes) 6.70 20.6 20.6 20.6 20.6 21
Tourism Revenues (USD Million) 135.00 200 250 450 380 500
Remittances (USD Million) 527.00 580 600 750 750 750
Foreign Direct Investment (USD Million) 235.00 210 960 550 550 550

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 86.80 92.5 92.5 92.5 89.5 89.5
Government Budget (% of GDP) -6.80 -7.5 -7.5 -7.5 -8.2 -8.2
Government Budget Value (LKR Million) -1016483.00 -1140945 -1140945 -1140945 -1196929 -1196929
Government Spending (LKR Million) 1416988.70 1309281 1308631 1336585 1352187 1390049
Military Expenditure (USD Million) 1710.00 1900 1900 1900 1900 1900
Fiscal Expenditure (LKR Million) 2915291.00 2840000 2840000 2840000 2840000 2840000
Government Debt (LKR Million) 12874786.00 13692700 13964155 14235609 14507063 15592881
Government Revenues (LKR Million) 1898808.00 2110000 2110000 2110000 2110000 2110000

Taxes Actual Q2 Q3 Q4 Q1 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 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 Q2 Q3 Q4 Q1 2021
Industrial Production (%) -0.40 2.1 2.8 3.1 3.1 3.1
Capacity Utilization (%) 81.00 81 81 81 81 81
Changes in Inventories (LKR Million) -7711.60 355000 355000 355000 355000 536000
Car Registrations 3753.00 3000 5500 5690 5690 5690
Manufacturing Pmi (points) 24.20 42 50 51.9 52 55.9
Manufacturing Production (%) -0.40 0.6 0.5 1.3 1.3 1.3
Services Pmi (points) 29.80 42 47 51 53 56.9
Business Confidence (points) 78.00 32 36 43 47 55

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Spending (LKR Million) 10405872.40 10151791 10146751 10363497 10484472 10778037
Personal Savings (%) 21.30 20.5 20.5 20.5 21.5 21.5
Private Sector Credit (LKR Million) 5986861.30 5877797 5936142 5994487 6052833 6227869
Bank Lending Rate (%) 9.49 8.74 8.24 8.24 8.24 8.24

Housing Actual Q2 Q3 Q4 Q1 2021
Housing Index (points) 837.90 855 860 873 873 832
Building Permits 2491.00 2200 2600 2940 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.