Inflation ( CCPI)0.9% (May 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.39%
12M T-Bill Rate9.90%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.10% / 11.25%
USD/LKR304/305
Reserves $5.4Bn (May 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

Tourism inflow fell in August but up for the year by 46%

Travel & TourismSep 9, 2023
Tourism inflow fell in August but up for the year by 46%

Tourism is one of the key FX inflow drivers to the Sri Lanka economy. Pre-Easter attack era in 2018, tourism generated close to USD 4.4Bn annually. After the easter attack, it fell to USD 3.6Bn and it went to the lowest level of just USD 700Mn in COVID hit 2020.

Recovery was delayed due to the economic crisis, where it generated only USD 400mn in 2021 and USD 1.3Bn in 2022. Tourism has brought USD 1.3Bn in the first eight months of 2023, which is a 46% growth from last year’s same period.

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