GDP in Sri Lanka
Sri Lanka - GDPThe economy gained steam in Q2, growing 12.3% in annual terms after expanding 4.3% in Q1, although this was mainly owing to a favorable base effect. Among notable subsector movements, construction and textile manufacturing posted solid growth. Meanwhile, Q3 seemingly got off to a strong start as eased restrictions in early July benefited activity, which was reflected in both PMI readings for the month. However, the lockdown imposed in late August, and now extended until 1 October, has jeopardized this quarter’s performance, with both PMIs falling back into contractionary territory in August. In other news, S&P Global Ratings recently affirmed the country’s CCC+/C rating, but revised the outlook from stable to negative. The move came as the country faces a dire external debt position, amid harsh financing conditions in international capital markets and low reserves.
Sri Lanka - GDP Data
|Economic Growth (GDP, annual variation in %)||5.0||4.5||3.6||3.3||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Sri Lanka GDP Chart
Source: Central Bank of Sri Lanka (CBS)
Sri Lanka Facts
|Exchange Rate||181.2||0.02 %||Jan 01|
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