Inflation ( CCPI)35.3% (April 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.60%
12M T-Bill Rate22.97%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
USD/LKR297/298
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $862Mn (March 2023)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

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
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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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