Markets Actual Q3 Q4 Q1 Q2 2023
Currency 357.00 370 384 398 414 446
Stock Market (points) 7238.59 7061 6686 6331 5995 5375

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) -1.60 -2.2 1.2 2.5 3.5 4.2
Unemployment Rate (%) 4.60 4.8 4.8 4.8 4.8 4.5
Inflation Rate (%) 54.60 35 22.5 15 10 6
Interest Rate (%) 13.50 15 17 17 17 14.5
Balance of Trade (USD Million) -729.00 -500 -430 -350 -350 -500
Current Account (USD Million) -1331.32 -2250 -2200 -2200 -2200 -2000
Current Account to GDP (% of GDP) -1.30 -3.1 -3 -3 -3 -2.5
Government Debt to GDP (% of GDP) 101.00 115 115 115 115 120
Government Budget (% of GDP) -11.10 -7.5 -7.5 -7.5 -7.5 -7
Corporate Tax Rate (%) 24.00 28 28 28 28 28
Personal Income Tax Rate (%) 24.00 24 24 24 24 24

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) -1.60 -2.2 1.2 2.5 3.5 4.2
GDP (USD Billion) 80.71 83 83 83 83 88
GDP Constant Prices (LKR Million) 3463101.00 2978078 3197581 3383639 3549679 3525752
Gross National Product (LKR Million) 16402705.00 14276455 14247319 16599537 16812773 17296718
Gross Fixed Capital Formation (LKR Million) 4370577.00 3733598 3725979 4423024 4479841 4608791
GDP per capita (USD) 4052.75 4300 4300 4300 4300 4500
GDP per capita PPP (USD) 12536.94 13300 13300 13300 13300 13600
GDP From Agriculture (LKR Million) 219263.00 233924 231615 251727 224745 262299
GDP From Construction (LKR Million) 303772.00 282795 285116 281700 311366 293532
GDP From Manufacturing (LKR Million) 360709.00 316870 416095 365038 369727 380369
GDP From Mining (LKR Million) 76513.00 64935 71790 71531 78426 74536
GDP From Public Administration (LKR Million) 140813.00 151820 148290 185512 144333 193303
GDP From Services (LKR Million) 1997138.00 1565274 1802809 2005343 2047066 2089567
GDP From Transport (LKR Million) 400647.00 252248 295363 364768 410663 380089
GDP From Utilities (LKR Million) 43664.00 47518 45223 51521 44756 53685

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 4.60 4.8 4.8 4.8 4.8 4.5
Unemployed Persons 432463.00 412000 412000 412000 412000 375000
Labor Force Participation Rate (%) 49.50 52.5 52.5 52.5 52.5 53
Population (Million) 21.92 22.36 22.4 22.4 22.4 22.4
Minimum Wages (LKR/Month) 12500.00 10000 11000 11000 11000 11000
Youth Unemployment Rate (%) 23.80 33 33 33 33 28
Employment Rate (%) 95.40 95.7 96 96 96 96

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 54.60 35 22.5 15 10 6
Consumer Price Index CPI (points) 220.20 210 195 190 190 201
Core Consumer Prices (points) 197.90 157 159 169 180 180
Core Inflation Rate (%) 22.00 8.3 8.3 8.3 8.3 6.5
GDP Deflator (points) 170.11 224 205 208 196 221
Producer Prices (points) 189.00 144 144 157 194 188
Producer Prices Change (%) 52.50 17 18 18 18 20
Inflation Rate Mom (%) 12.80 2.3 2.2 2.2 2.2 1.8
Food Inflation (%) 80.10 15.4 15 15 15 12
CPI Transportation (points) 281.80 288 295 301 308 313

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 13.50 15 17 17 17 14.5
Interbank Rate (%) 6.96 8.46 10.46 10.46 10.46 10.46
Money Supply M2 (LKR Million) 10193426.00 10408987 10649000 10649000 10649000 11609000
Foreign Exchange Reserves (USD Million) 1920.00 2800 3000 3000 3000 4500
Banks Balance Sheet (LKR Million) 14732561.20 14332900 14645677 14645677 14645677 15845677
Lending Rate (%) 14.50 16 18 18 18 18
Cash Reserve Ratio (%) 4.00 4 4 4 4 4
Central Bank Balance Sheet (LKR Million) 3629874.60 2618000 2650000 2650000 2650000 2750000

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) -729.00 -500 -430 -350 -350 -500
Current Account (USD Million) -1331.32 -2250 -2200 -2200 -2200 -2000
Current Account to GDP (% of GDP) -1.30 -3.1 -3 -3 -3 -2.5
Imports (USD Million) 1669.00 1930 1950 1950 1950 2500
Exports (USD Million) 969.80 1500 1600 1600 1600 2000
External Debt (USD Million) 50592.85 52500 52000 52000 52000 50000
Tourist Arrivals 30207.00 100000 250000 250000 250000 250000
Gold Reserves (Tonnes) 6.70 8 8 8 8 10
Remittances (USD Million) 204.90 560 575 575 575 600
Tourism Revenues (USD Million) 173.60 180 250 250 250 300
Foreign Direct Investment (USD Million) 189.66 240 250 250 250 350

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 101.00 115 115 115 115 120
Government Budget (% of GDP) -11.10 -7.5 -7.5 -7.5 -7.5 -7
Government Budget Value (LKR Million) -1016483.00 -1874933 -1874933 -1874933 -1874933 -1974933
Government Spending (LKR Million) 1610287.00 1525359 1522246 1629610 1650544 1698054
Military Expenditure (USD Million) 1560.00 1800 1800 1800 1800 1800
Government Debt (LKR Million) 17589373.00 19000000 19500000 19500000 19500000 22000000
Government Revenues (LKR Million) 1463811.00 1700000 1800000 1800000 1800000 2200000
Fiscal Expenditure (LKR Million) 3521735.00 3674933 3674933 3674933 3674933 4174933

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 24.00 28 28 28 28 28
Personal Income Tax Rate (%) 24.00 24 24 24 24 24
Sales Tax Rate (%) 8.00 15 15 15 15 15
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 2023
Industrial Production (%) -5.63 1.5 2 2 2 2.5
Capacity Utilization (%) 69.00 81 81 81 81 81
Changes in Inventories (LKR Million) 229520.00 100000 150000 150000 150000 150000
Car Registrations 113.00 300 400 400 400 600
Manufacturing PMI (points) 50.30 61 64 64 64 65
Manufacturing Production (%) -7.10 2 2 2 2 2.2
Services PMI (points) 42.40 59 60 60 60 62
Business Confidence (points) 103.00 120 125 125 125 140

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Spending (LKR Million) 11814865.00 10448716 10427392 11956643 12110237 12458822
Personal Savings (%) 18.90 21.5 22.5 22.5 22.5 22.5
Private Sector Credit (LKR Million) 8411507.90 6627869 6461877 6461877 6461877 6061877
Bank Lending Rate (%) 22.11 23.61 25.61 25.61 25.61 25.61

Housing Actual Q3 Q4 Q1 Q2 2023
Housing Index (points) 1048.70 910 915 915 915 940
Building Permits 1552.00 2800 3000 3000 3000 3000


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Sri Lanka Forecast - was last updated on Tuesday, July 5, 2022.