Inflation ( CCPI)-0.5% (Sep 2024)
GDP4.7% (2Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.32%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.37%/ 10.45%
4Y T-Bond Rate11.80% / 11.90%
USD/LKR292/293
Reserves $5.99Bn (Sep 2024)
Cum. Trade Deficit $2,550 Mn (June 2024 cumulative)
Cum. Fiscal DeficitLKR 599Bn (June 2024)

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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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