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%
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Land prices during 2H of 2023 have rose at a lower phase compared to 1H of 2023

ConstructionFeb 23, 2024
Land prices during 2H of 2023 have rose at a lower phase compared to 1H of 2023

It appears that there has been a general deceleration in property price growth across all categories since 2019. In the second half of 2023, residential land prices increased by 2.8%, while commercial and industrial property prices grew by 1.8% and 1.7% respectively.

Overall, there was a 2.1% growth, indicating a continued trend of subdued growth compared to the double-digit growth seen prior to 2019.


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