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%
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Reserves $2.22Bn (Feb 2023)
Cum. Trade Deficit $449Mn (Feb 2023)
Cum. Fiscal DeficitLKR 1,601Bn (Nov 2022)

Merchandising Exports fell eight months low at the beginning of 2023

EconomicsFeb 28, 2023
Merchandising Exports fell eight months low at the beginning of 2023
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Sri Lanka recorded healthy exports in 2022 thanks to global inflation and the recovery of demand after COVID-19. But global recession has a negative weight on some of Sri Lanka’s export sectors like apparel and exports declined by 11.3% from a year ago.

Further, the declining trend of exports of rubber products (mainly, household rubber gloves) continued, although earnings from gems, diamonds, jewelry; and machinery and mechanical appliances (mainly, electronic equipment) increased.

Imports were steady at around USD 1,400Mn since August last year, resulting from the upward trend in the trade deficit from almost positive in June to USD 400mn in Jan.


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