Inflation ( CCPI)1.5% (Oct 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate15.29%
12M T-Bill Rate12.94%
2Y T-Bond Rate14.45%/ 14.50%
4Y T-Bond Rate14.70% / 14.80%
USD/LKR327/328
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

Sri Lanka residential land prices are growing in 3Q 2021

ConstructionNov 5, 2021
Sri Lanka residential land prices are growing in 3Q 2021
Sri Lanka residential land prices surged by 30% in 3Q 2021 from year-earlier showing some recovery as people moved their money toward safe assets classes under a weak economic environment. The annual growth of residential land prices in Colombo city has been around 3% due to affordability concerns during the last two years, while western province (exclude Colombo city) growing around 14%.

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