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 4Q 2022 GDP down by 12.4%

EconomicsMar 15, 2023
Sri Lanka 4Q 2022 GDP down by 12.4%

Sri Lanka experienced its worst economic contraction in the last quarter of 2022 of 12.4% after it fell by 17.1% during COVID-19 2Q 2020. The agriculture sector recorded a marginal positive growth of 0.7% after it contracted for five consecutive quarters.

The industry sector plunged by 30.1%, one of the worst performances in history, while the service sector too fell by 3.9% in the 4th quarter of 2022.

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