Inflation ( CCPI)0.9% (May 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.39%
12M T-Bill Rate9.90%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.10% / 11.25%
USD/LKR304/305
Reserves $5.4Bn (May 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

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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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