Inflation ( CCPI)50.6% (Feb 2023)
GDP-12.4% (4Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate25.99%
12M T-Bill Rate24.31%
5Y T-Bond Rate27.00%/ 27.25%
10Y T-Bond Rate22.00% / 23.00%
USD/LKR335/341
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Reserves $2.22Bn (Feb 2023)
Cum. Trade Deficit $449Mn (Feb 2023)
Cum. Fiscal DeficitLKR 1,601Bn (Nov 2022)

The trade deficit fell by 36.4% in 2022 from 2021

EconomicsJan 31, 2023
The trade deficit fell by 36.4% in 2022 from 2021
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Sri Lanka's trade deficit widened by USD 2Bn in 2021 compared to 2020, as exports declined due to COVID-19 but the country was able to improve the exports by 5% in 2022. Furthermore, the imports were restricted to safeguard the reserves, resulting in a visible decline of imports by 11% in 2022.

But in the last quarter of 2022, the import volumes started increasing while the exports face challenges due to the recession being experienced in the west.

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