Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Ranking of mostly rich countries exhibit unexpected results

InternationalDec 27, 2022
Ranking of mostly rich countries exhibit unexpected results

The Economist has compiled data on five economic and financial indicators GDP, inflation, inflation breadth, stock market performance, and government debt for 34 mostly rich countries. The countries that plumbed the economic depths in the early 2010s have occupied 1st, 2nd, and 3rd, Greece Portugal and Spain. Despite political chaos, Israel placed 4th place. This indicates sound economic fundamentals to ease off the political instability.

Japan, France, and Italy made it into the top 10. Meanwhile, the US economy, which grew at a rate of 0.2%, ranked 20th, and Germany, “despite political stability,” is in 30th place, according to the Economist.

Two Baltic countries, Estonia and Latvia, which won plaudits in the 2010s for speedy reforms, come bottom.


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.