Markets Actual Q2 Q3 Q4 Q1 2022
Currency 196.00 197 197 198 198 199
Stock Market (points) 7228.23 7117 7007 6899 6793 6581

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) 1.30 8.5 2.5 4 3.3 4.5
Unemployment Rate (%) 5.20 5.6 5.4 5.1 5.1 5
Inflation Rate (%) 3.90 3.6 3.8 3.5 3.7 4
Interest Rate (%) 4.50 4.5 4.5 4.5 4.75 5
Balance of Trade (USD Million) -572.00 -820 -790 -820 -820 -820
Current Account (USD Million) -280.47 -790 -730 -750 -750 -750
Current Account to GDP (%) -2.20 -2.5 -2.5 -2.5 -2.5 -2.2
Government Debt to GDP (%) 86.80 93 93 93 93 93
Government Budget (% of GDP) -6.80 -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 Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) 1.30 8.5 2.5 4 3.3 4.5
GDP (USD Billion) 84.01 88 88 88 88 97
GDP Constant Prices (LKR Million) 2766364.00 2326978 1970989 2948698 2429623 2538956
Gross National Product (LKR Million) 14567811.00 14802650 15823523 15453611 15167248 15849774
Gross Fixed Capital Formation (LKR Million) 3809794.30 4131070 4415971 4078202 4232820 4423297
GDP per capita (USD) 4011.70 4100 4100 4100 4100 4300
GDP per capita PPP (USD) 13078.10 13100 13100 13100 13100 13300
GDP From Agriculture (LKR Million) 187839.00 156041 169517 205560 188338 196813
GDP From Construction (LKR Million) 175366.00 151200 125779 188223 157901 165007
GDP From Manufacturing (LKR Million) 399491.00 405483 433448 382982 415471 434167
GDP From Mining (LKR Million) 59965.00 52000 43147 62917 54224 56664
GDP From Public Administration (LKR Million) 130063.00 100110 113479 135809 116625 121873
GDP From Services (LKR Million) 1531434.00 1388020 1315812 1617054 1542851 1612280
GDP From Transport (LKR Million) 326212.00 236411 145143 352635 296438 309778
GDP From Utilities (LKR Million) 25761.00 26584 25887 26900 28141 29408

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 5.20 5.6 5.4 5.1 5.1 5
Unemployed Persons 458359.00 430000 431000 429000 429000 429000
Labor Force Participation Rate (%) 50.10 52.5 53 53.5 53.5 53.5
Population (Million) 21.90 22.36 22.36 22.36 22.36 22.59
Minimum Wages (LKR/Month) 10000.00 10000 10000 11000 11000 11000
Youth Unemployment Rate (%) 27.70 22 23 22 22 21
Employment Rate (%) 94.60 94 95 95 95 96

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 3.90 3.6 3.8 3.5 3.7 4
Consumer Price Index CPI (points) 138.80 140 141 143 144 149
Core Consumer Prices (points) 141.30 139 140 145 145 145
Core Inflation Rate (%) 3.00 3.9 4 4 4 4.5
GDP Deflator (points) 151.90 157 158 157 158 164
Producer Prices (points) 152.40 154 156 158 160 163
Producer Prices Change (%) 6.40 5.5 7.5 5.8 5.1 3
Food Inflation (%) 9.00 5.5 4.5 5.5 5 6
CPI Transportation (points) 122.00 121 122 125 126 130
Inflation Rate Mom (%) -0.20 0.6 0.8 1 1 1

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 4.50 4.5 4.5 4.5 4.75 5
Interbank Rate (%) 6.96 6.96 6.96 6.96 7.21 7.46
Money Supply M2 (LKR Million) 8706198.00 8284414 8452404 8620394 8620394 9180362
Foreign Exchange Reserves (LKR Million) 889158.00 1414358 1467018 1526552 1526552 1605930
Banks Balance Sheet (LKR Million) 11917316.70 10426511 10429706 10432900 10432900 10445677
Lending Rate (%) 5.50 5.5 5.5 5.5 5.75 6
Cash Reserve Ratio (%) 2.00 2 2 2 2 2
Central Bank Balance Sheet (LKR Million) 2404246.10 2234846 2266318 2297790 2297790 2423679

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) -572.00 -820 -790 -820 -820 -820
Current Account (USD Million) -280.47 -790 -730 -750 -750 -750
Current Account to GDP (%) -2.20 -2.5 -2.5 -2.5 -2.5 -2.2
Imports (USD Million) 1520.00 1800 1750 1950 1950 1950
Exports (USD Million) 951.70 970 970 1150 1150 1150
External Debt (USD Million) 49211.62 57000 60000 62000 62000 62000
Tourist Arrivals 4168.00 10000 40000 80000 100000 250000
Gold Reserves (Tonnes) 6.70 15 15 15 15 20
Remittances (USD Million) 611.70 650 700 700 700 750
Tourism Revenues (USD Million) 134.50 200 250 400 400 500
Foreign Direct Investment (USD Million) 88.95 400 590 590 590 700

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 86.80 93 93 93 93 93
Government Budget (% of GDP) -6.80 -8 -8 -8 -8 -6
Government Budget Value (LKR Million) -1016483.00 -1196929 -1196929 -1196929 -1196929 -1252927
Government Spending (LKR Million) 1556489.00 1438244 1537433 1430344 1473668 1539983
Military Expenditure (USD Million) 1760.00 1800 1800 1800 1800 1800
Fiscal Expenditure (LKR Million) 3040996.00 3286666 3286666 3286666 3286666 3474933
Government Debt (LKR Million) 12874786.00 14507063 14507063 14507063 14507063 15592881
Government Revenues (LKR Million) 1373308.00 2296310 2296310 2296310 2296310 2429173

Taxes Actual Q2 Q3 Q4 Q1 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 8 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 Q2 Q3 Q4 Q1 2022
Industrial Production (%) -1.70 3.5 4.5 3.5 3.5 4.5
Capacity Utilization (%) 67.00 81 81 81 81 81
Changes in Inventories (LKR Million) -64200.50 155000 355000 355000 355000 456000
Car Registrations 254.00 3300 3500 3500 3500 4000
Manufacturing PMI (points) 67.00 65 60 55 55 55
Manufacturing Production (%) 2.00 1.3 1.3 1.3 1.3 1.3
Services PMI (points) 62.10 60 58 57 57 57
Business Confidence (points) 82.00 45 52 55 55 68

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Spending (LKR Million) 10589745.40 10561960 11290372 11090474 10822107 11309102
Personal Savings (%) 18.90 21.5 21.5 21.5 21.5 22.5
Private Sector Credit (LKR Million) 6448079.60 6112833 6183214 6227869 6227869 6461877
Bank Lending Rate (%) 5.78 5.78 5.78 5.78 6.03 6.28

Housing Actual Q2 Q3 Q4 Q1 2022
Housing Index (points) 865.10 865 850 830 830 840
Building Permits 1021.00 2900 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.