Inflation ( CCPI)1.5% (April 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate8.76%
12M T-Bill Rate9.29%
2Y T-Bond Rate10.00%/ 10.05%
4Y T-Bond Rate10.70% / 10.80%
Reserves $5.438Bn (April 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

Telephone Density & Internet Connectivity drop in 2022 under economic down turn

OtherApr 18, 2023
Telephone Density & Internet Connectivity drop in 2022 under economic down turn

Sri Lanka’s telephone density picked up in 3Q of 2019 to 164 per 100 persons (Fix & Mobiles) and fell thereafter. Internet connectivity turned essential, especially during the pandemic condition and it grew faster in the latter part of 2020. But recorded a drop in 2022.

The telecommunications sector in Sri Lanka is one of the country’s most dynamic sectors, contributing significantly to investments, employment, productivity, innovation, and overall economic growth.

Sri Lanka is building a national fiber optic network linked to numerous international cables. This 45,000-kilometer network, built and managed by Sri Lanka Telecom, will serve as the backbone for fixed broadband and mobile services, including 5G.


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.