Inflation ( CCPI)-0.8% (Oct 2024)
GDP4.7% (2Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.30%
12M T-Bill Rate9.78%
2Y T-Bond Rate10.25%/ 10.35%
4Y T-Bond Rate11.20% / 11.30%
USD/LKR290/291
Reserves $6.47Bn (Oct 2024)
Cum. Trade Deficit $4,218 Mn (Sep 2024 cumulative)
Cum. Fiscal DeficitLKR 910Bn (Aug 2024 cumulative)

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FeaturedJun 10, 2024

Departures for foreign employment continue to be concentrated in the skilled category

Economic and political uncertainty in Sri Lanka has led to a surge in departures for foreign employment. This trend is particularly notable among skilled workers, with the percentage of skilled labor departures increasing from 66% in 2022 to 70% in 2023.

This growing concentration of skilled workers seeking opportunities abroad underscores the impact of domestic challenges on the labor market.

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