Markets Actual Q3 Q4 Q1 Q2 2022
Currency 199.00 200 201 203 204 206
Stock Market (points) 7966.95 7836 7544 7264 6993 6483

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) 4.30 2.5 4 3.3 4 4.5
Unemployment Rate (%) 5.20 5.4 5.1 5.1 4.9 5
Inflation Rate (%) 5.20 3.8 3.5 3.7 3.5 4
Interest Rate (%) 4.50 4.5 4.5 4.75 4.75 5
Balance of Trade (USD Million) -715.70 -780 -820 -800 -800 -800
Current Account (USD Million) -630.27 -730 -750 -750 -750 -750
Current Account to GDP (% of GDP) -1.30 -2.5 -2.5 -2.5 -2.5 -2.2
Government Debt to GDP (% of GDP) 86.80 93 93 93 93 93
Government Budget (% of GDP) -11.10 -8 -8 -8 -8 -6
Corporate Tax Rate (%) 24.00 28 28 28 28 28
Personal Income Tax Rate (%) 24.00 24 24 24 24 24

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) 4.30 2.5 4 3.3 4 4.5
GDP (USD Billion) 80.71 88 88 88 88 97
GDP Constant Prices (LKR Million) 2393922.00 2394580 2877019 2472921 2489679 3006484
Gross National Product (LKR Million) 14567811.00 15823523 15453611 15150523 15048549 15832297
Gross Fixed Capital Formation (LKR Million) 3809794.30 4415971 4078202 3962186 3935518 4140484
GDP per capita (USD) 3845.68 4100 4100 4100 4100 4300
GDP per capita PPP (USD) 12536.94 13100 13100 13100 13100 13300
GDP From Agriculture (LKR Million) 163272.00 185621 195353 168660 169803 204143
GDP From Construction (LKR Million) 154286.00 155624 182381 159377 160457 190588
GDP From Manufacturing (LKR Million) 470383.00 438338 371783 485906 489198 388514
GDP From Mining (LKR Million) 53120.00 53441 62364 54873 55245 65170
GDP From Public Administration (LKR Million) 99561.00 114942 135266 102847 103543 141352
GDP From Services (LKR Million) 1411836.00 1520599 1592691 1458427 1468309 1664362
GDP From Transport (LKR Million) 235511.00 292163 339260 243283 244931 354527
GDP From Utilities (LKR Million) 26856.00 27735 26791 27742 27930 27997

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 5.20 5.4 5.1 5.1 4.9 5
Unemployed Persons 441997.00 431000 429000 429000 429000 429000
Labor Force Participation Rate (%) 50.90 53 53.5 53.5 53.5 53.5
Population (Million) 21.92 22.36 22.36 22.36 22.36 22.59
Minimum Wages (LKR/Month) 10000.00 10000 11000 11000 11000 11000
Youth Unemployment Rate (%) 25.70 23 22 22 22 21
Employment Rate (%) 94.60 95 95 95 95 96

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 5.20 3.8 3.5 3.7 3.5 4
Consumer Price Index CPI (points) 142.40 141 143 144 147 149
Core Consumer Prices (points) 143.10 139 145 145 145 145
Core Inflation Rate (%) 3.20 4 4 4 4 4.5
GDP Deflator (points) 151.90 158 157 158 157 164
Producer Prices (points) 157.90 156 158 163 163 163
Producer Prices Change (%) 8.70 7.5 5.8 5.1 3 3
CPI Transportation (points) 123.60 122 125 126 128 130
Food Inflation (%) 11.30 4.5 5.5 5 5 6
Inflation Rate Mom (%) 1.50 0.8 1 1 1 1

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 4.50 4.5 4.5 4.75 4.75 5
Interbank Rate (%) 6.96 6.96 6.96 7.21 7.21 7.21
Money Supply M2 (LKR Million) 8944644.00 8452404 8620394 8620394 8620394 9180362
Foreign Exchange Reserves (USD Million) 4033.00 1467018 1526552 1526552 1526552 1605930
Banks Balance Sheet (LKR Million) 12066815.00 10429706 10432900 10432900 10432900 10445677
Lending Rate (%) 5.50 5.5 5.5 5.75 5.75 5.75
Cash Reserve Ratio (%) 2.00 2 2 2 2 2
Central Bank Balance Sheet (LKR Million) 2287240.00 2266318 2297790 2297790 2297790 2423679

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) -715.70 -780 -820 -800 -800 -800
Current Account (USD Million) -630.27 -730 -750 -750 -750 -750
Current Account to GDP (% of GDP) -1.30 -2.5 -2.5 -2.5 -2.5 -2.2
Imports (USD Million) 1607.40 1750 1950 1950 1950 1950
Exports (USD Million) 891.70 970 1150 1150 1150 1150
External Debt (USD Million) 47307.20 60000 62000 62000 62000 62000
Tourist Arrivals 1614.00 40000 80000 100000 150000 250000
Gold Reserves (Tonnes) 6.70 15 15 15 15 20
Remittances (USD Million) 460.00 700 700 700 700 750
Tourism Revenues (USD Million) 2.00 250 400 400 400 500
Foreign Direct Investment (USD Million) 124.38 590 590 590 590 700

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 86.80 93 93 93 93 93
Government Budget (% of GDP) -11.10 -8 -8 -8 -8 -6
Government Budget Value (LKR Million) -1016483.00 -1196929 -1196929 -1196929 -1196929 -1252927
Government Spending (LKR Million) 1556489.00 1537433 1430344 1618749 1607853 1691592
Military Expenditure (USD Million) 1560.00 1800 1800 1800 1800 1800
Fiscal Expenditure (LKR Million) 3040996.00 3286666 3286666 3286666 3286666 3474933
Government Debt (LKR Million) 16053804.00 14507063 14507063 14507063 14507063 15592881
Government Revenues (LKR Million) 1373308.00 2296310 2296310 2296310 2296310 2429173

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 24.00 28 28 28 28 28
Personal Income Tax Rate (%) 24.00 24 24 24 24 24
Sales Tax Rate (%) 8.00 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 2022
Industrial Production (%) 17.60 4.5 3.5 3.5 3.5 4.5
Capacity Utilization (%) 67.00 81 81 81 81 81
Changes in Inventories (LKR Million) -64200.50 355000 355000 355000 355000 456000
Car Registrations 437.00 3500 3500 3500 3500 4000
Manufacturing PMI (points) 50.40 60 55 55 56 55
Manufacturing Production (%) 17.60 1.3 1.3 1.3 1.3 1.3
Services PMI (points) 51.30 58 57 57 59 57
Business Confidence (points) 82.00 52 55 55 55 68

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Spending (LKR Million) 10589745.40 11290372 11090474 11013335 10939207 11508935
Personal Savings (%) 18.90 21.5 21.5 21.5 21.5 22.5
Private Sector Credit (LKR Million) 6630802.70 6183214 6227869 6227869 6227869 6461877
Bank Lending Rate (%) 5.65 5.86 5.86 6.11 6.11 6.11

Housing Actual Q3 Q4 Q1 Q2 2022
Housing Index (points) 868.50 850 830 830 830 840
Building Permits 1942.00 3000 3000 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.