Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate10.03%
12M T-Bill Rate10.23%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR300/301
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Sri Lanka tourism income in Jan revised by SLTDA from USD 111Mn to 268Mn

Travel & TourismFeb 22, 2022
Sri Lanka tourism income in Jan revised by SLTDA from USD 111Mn to 268Mn

Sri Lanka Tourism Development Authority has revised the tourism income in Jan from the initial estimate of USD 110.7 Mn to USD 268.3Mn based on the survey results on average stay period and average spending per day estimates for 2022.

The revision was a substantial improvement of FX inflow from tourism, providing hope for the recovery of Sri Lanka tourism in 2022. The average FX inflow from tourism in January for the pre-covid era was USD 445Mn.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.