Inflation ( CCPI)1.3% (Sep 2023)
GDP-3.1% (2Q 2023)
Unemployment4.7% (1Q 2023)
3M T-Bill Rate17.42%
12M T-Bill Rate13.30%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
USD/LKR322/323
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,623 Mn (July 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

Most of the units in the completed condominiums and more than half of the units in on-going projects had sold - out

ConstructionJun 29, 2021
Most of the units in the completed condominiums and more than half of the units in on-going projects had sold - out
The construction industry recovered towards 4Q 2020 after falling rest of the three quarters in 2020 as per the GDP. The real estate activities were fell only in 2Q 2020, but it grew all the other quarters. Both Construction & real estate activities account for 12% of the GDP. The credit boom and low cost credit have encouraged people to selected different asset classes during COVID19 era.

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