Inflation ( CCPI)54.2% (Jan 2023)
GDP-11.8% (3Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate29.88%
12M T-Bill Rate27.72%
5Y T-Bond Rate29.00%
10Y T-Bond Rate30%
USD/LKR360/363
Click on the chart for more details
Reserves $2.12Bn (Jan 2023)
Cum. Trade Deficit $5.2Bn (Dec 2022)
Cum. Fiscal DeficitLKR 1,647Bn (Oct 2022)

FX inflow from tourism marginally up in July

Travel & TourismAug 13, 2022
FX inflow from tourism marginally up in July
This story is available exclusively to charts.lk subscribers. Become an member and start reading now.

Tourism is one of the prominent sectors that bring FX to the country as well as a key to generating employment. It was hit by the Easter attack in 2019, later hardly hit by the COVID19. The economic and social meltdown has pushed the industry further downturn in 2021 & 2022.

It annually generated USD 4.4Bn FX inflow in 2018 and fell to USD 3.6Bn in 2019, managing only USD 700mn in 2020, it further fell to USD 285 in 2021. But tourism inflow recorded a better number so far this year bringing USD 825Mn

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.