Inflation ( CCPI)5.9% (Feb 2024)
GDP4.5% (4Q 2023)
Unemployment4.7% (3Q 2023)
3M T-Bill Rate10.17%
12M T-Bill Rate10.28%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR301/303
Reserves $4.517Bn (Feb 2024)
Cum. Trade Deficit $4,866 Mn (Dec 2023 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Construction

FeaturedFeb 23, 2024

Land prices during 2H of 2023 have rose at a lower phase compared to 1H of 2023

It appears that there has been a general deceleration in property price growth across all categories since 2019. In the second half of 2023, residential land prices increased by 2.8%, while commercial and industrial property prices grew by 1.8% and 1.7% respectively.

Overall, there was a 2.1% growth, indicating a continued trend of subdued growth compared to the double-digit growth seen prior to 2019.

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