Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.90%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR298/299
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Sri Lanka accounted for one of most miserable economy in Asia in 2019

Global IndexesMar 2, 2020
Sri Lanka accounted for one of most miserable economy in Asia in 2019
Misery Index is the sum of the unemployment, inflation and bank lending rates, minus the percentage change in real GDP per capita. Sri Lanka is having the second worse miserable economy after Pakistan in Asia out of 95 that is considered in this index. The country improved in 2018 by reducing the economic misery from 18.9 to 16.0 but has once again lost in 2019 where the score went up to 17.9. Johns Hopkins economist Steve Hanke who complied the index has identified the lending rates are the most contributing factor to current status of the economy.

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