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%
USD/LKR299/300
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.

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