Markets Actual Q3 Q4 Q1 Q2 2021
Currency 185.20 186 186 187 187 188
Stock Market (points) 5176.48 5016 4938 4862 4787 4638

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) -1.60 0.5 2.1 4 5.5 4
Unemployment Rate (%) 5.70 5.1 5.3 5.5 5.4 5.1
Inflation Rate (%) 4.20 4.7 4.7 4.7 5.5 4.7
Interest Rate (%) 4.50 4.5 4.5 4.5 4.5 4.5
Balance of Trade (USD Million) -407.00 -800 -820 -790 -830 -820
Current Account (USD Million) -221.00 -1050 -810 -810 -790 -750
Current Account to GDP (%) -2.20 -3.5 -3.5 -2.5 -2.5 -2.5
Government Debt to GDP (%) 86.80 92.5 92.5 89.5 89.5 89.5
Government Budget (% of GDP) -6.80 -8.5 -8.5 -8.5 -8 -8
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 24.00 24 24 24 24 24

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) -1.60 0.5 2.1 4 5.5 4
GDP (USD Billion) 84.01 82 82 88 88 88
GDP Constant Prices (LKR Million) 2292589.00 2513631 2795324 2847343 2888411 2907137
Gross National Product (LKR Million) 14583892.00 14011443 14890154 15167248 15386006 15485760
Gross Fixed Capital Formation (LKR Million) 4070019.60 3716346 4155490 4232820 4293871 4321710
GDP per capita (USD) 4011.70 3950 3950 4100 4100 4100
GDP per capita PPP (USD) 13078.10 12600 12600 13100 13100 13100
GDP From Agriculture (LKR Million) 153735.00 171159 189353 192876 195658 196927
GDP From Construction (LKR Million) 148966.00 167187 176883 180175 182773 183958
GDP From Manufacturing (LKR Million) 399491.00 400490 407880 415471 421463 424196
GDP From Mining (LKR Million) 51232.00 55962 58912 60008 60874 61268
GDP From Public Administration (LKR Million) 98631.00 109579 128979 131379 133274 134138
GDP From Services (LKR Million) 1367507.00 1465079 1539630 1568282 1590901 1601215
GDP From Transport (LKR Million) 232917.00 283611 331247 337411 342278 344497
GDP From Utilities (LKR Million) 26191.00 25740 26255 26744 27129 27305

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 5.70 5.1 5.3 5.5 5.4 5.1
Unemployed Persons 387460.00 420000 421000 421000 421000 429000
Labor Force Participation Rate (%) 51.00 53.3 53.5 53.5 53.5 53.9
Population (Million) 21.90 22.13 22.13 22.36 22.36 22.36
Minimum Wages (LKR/Month) 10000.00 10000 10000 10000 10000 11000
Youth Unemployment Rate (%) 23.30 22.8 23 23 23 23
Employment Rate (%) 94.30 93.5 94.5 95 95.5 95.7

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 4.20 4.7 4.7 4.7 5.5 4.7
Consumer Price Index CPI (points) 135.40 137 139 140 143 145
Core Consumer Prices (points) 138.90 140 141 142 144 146
Core Inflation Rate (%) 3.20 3.5 4.1 4.1 4.1 4.1
GDP Deflator (points) 151.80 156 159 159 160 166
Producer Prices (points) 144.00 138 146 146 147 150
Producer Prices Change (%) 4.00 1.9 2.5 2.5 2.5 2.5
CPI Transportation (points) 117.00 121 121 122 123 127
Food Inflation (%) 10.90 8.5 6.5 4 4 6.9
Inflation Rate Mom (%) 0.10 0.5 1.2 1.2 1.2 1.2

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 4.50 4.5 4.5 4.5 4.5 4.5
Interbank Rate (%) 6.96 6.96 6.96 6.96 6.96 6.96
Money Supply M2 (LKR Million) 7523814.00 6900000 6920000 6920000 6920000 7000000
Foreign Exchange Reserves (LKR Million) 1210834.00 1427329 1447174 1467018 1467018 1526552
Banks Balance Sheet (LKR Million) 10254910.00 9480000 9600000 9600000 9600000 9800000
Lending Rate (%) 5.50 5.5 5.5 5.5 5.5 5.5
Cash Reserve Ratio (%) 2.00 5 6 6 6 6
Central Bank Balance Sheet (LKR Million) 2062164.90 2320000 2350000 2350000 2350000 2350000

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) -407.00 -800 -820 -790 -830 -820
Current Account (USD Million) -221.00 -1050 -810 -810 -790 -750
Current Account to GDP (%) -2.20 -3.5 -3.5 -2.5 -2.5 -2.5
Imports (USD Million) 994.00 1550 1750 1790 1800 1950
Exports (USD Million) 587.00 750 950 1000 970 1150
External Debt (USD Million) 50448.47 58000 60000 60000 60000 62000
Tourist Arrivals 0.00 130000 220000 230000 230000 240000
Gold Reserves (Tonnes) 6.70 20.6 20.6 20.6 20.6 21
Remittances (USD Million) 431.80 600 750 750 750 750
Tourism Revenues (USD Million) 135.00 250 450 380 380 500
Foreign Direct Investment (USD Million) 153.00 960 550 550 550 550

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 86.80 92.5 92.5 89.5 89.5 89.5
Government Budget (% of GDP) -6.80 -8.5 -8.5 -8.5 -8 -8
Government Budget Value (LKR Million) -1016483.00 -1140945 -1140945 -1196929 -1196929 -1196929
Government Spending (LKR Million) 1416988.70 1303431 1446745 1473668 1494923 1504615
Military Expenditure (USD Million) 1710.00 1900 1900 1900 1900 1900
Fiscal Expenditure (LKR Million) 2915291.00 2840000 2840000 2840000 2840000 2840000
Government Debt (LKR Million) 12874786.00 13964155 14235609 14507063 14507063 15592881
Government Revenues (LKR Million) 1898808.00 2110000 2110000 2110000 2110000 2110000

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 24.00 24 24 24 24 24
Sales Tax Rate (%) 8.00 8 8 8 8 8
Social Security Rate (%) 20.00 20 20 20 20 20
Social Security Rate For Companies (%) 12.00 12 12 12 12 12
Social Security Rate For Employees (%) 8.00 8 8 8 8 8

Business Actual Q3 Q4 Q1 Q2 2021
Industrial Production (%) -25.50 2.8 3.1 3.1 3.1 3.1
Capacity Utilization (%) 81.00 81 81 81 81 81
Changes in Inventories (LKR Million) -7711.60 355000 355000 355000 355000 536000
Car Registrations 3139.00 5500 5690 5690 5690 5690
Manufacturing Pmi (points) 67.30 55 51.9 52 52 55.9
Manufacturing Production (%) -25.50 0.5 1.3 1.3 1.3 1.3
Services Pmi (points) 50.40 47 51 53 53 56.9
Business Confidence (points) 33.00 25 37 45 47 55

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Spending (LKR Million) 10405872.40 10106426 10624396 10822107 10978195 11049372
Personal Savings (%) 21.30 20.5 20.5 21.5 21.5 21.5
Private Sector Credit (LKR Million) 5963470.70 5936142 5994487 6052833 6052833 6227869
Bank Lending Rate (%) 8.48 9.16 9.16 9.16 9.16 9.16

Housing Actual Q3 Q4 Q1 Q2 2021
Housing Index (points) 851.30 860 873 873 873 832
Building Permits 2752.00 2600 2940 2940 2940 2940


This page has economic forecasts for Sri Lanka including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Sri Lanka economy.