Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Number of Internet subscriptions stagnated after the economic crises

OtherNov 6, 2023
Number of Internet subscriptions stagnated after the economic crises

Sri Lanka has faced multiple challenges since the start of 2020, which pulled down the growth in many dimensions. The country is mulling over digitalizing the economy, while the number of internet subscriptions is stuck and telephone density is falling.

Internet subscriptions improved during the COVID pandemic, which turned out to be essential for receiving a number of services including education. However economic crises would have limited the progress.

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