Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.55%
12M T-Bill Rate10.07%
2Y T-Bond Rate10.55%/ 10.65%
4Y T-Bond Rate11.80% / 11.85%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Energy

FeaturedJul 17, 2024

Healthy and steady hydro electricity contribution continues to reduce the cost of power generation for CEB

In July, hydroelectricity's contribution increased to 41% (daily average), up from 38% in the first half (1H) of 2024. In contrast, the share of thermal oil-based electricity decreased from 17% in 1H 2024 to 13% in July. Notably, Non-Conventional Renewable Energy (NCRE) saw a significant rise, jumping from 3.6% (daily average in 1H 2024) to 7.9% in July.

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