GDP in Sri Lanka
Sri Lanka - GDPEconomic momentum likely ground to a halt in Q2, following terrorist attacks on 21 April which claimed 258 lives. This comes after growth likely rebounded in Q1 as last year’s political crisis subsided, international lenders resumed relations with the country, and tourism and industrial production picked up pace. Since the bombings, however, government officials reported that tourist arrivals plunged by 70% in May, critically hitting a vital economic sector and key source of foreign reserves. Moreover, the PMI sank to a record low in April, and while manufacturing activity recovered in May, the service sector contracted further. Nevertheless, a recent rate cut from the Central Bank and an extension of the IMF program should help activity recover somewhat.
Sri Lanka - GDP Data
|Economic Growth (GDP, annual variation in %)||3.4||5.0||5.0||4.5||3.1|
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||176.7||0.02 %||Jun 20|
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