Sri Lanka | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 2.60 5 4.9 5.2 5.3 6 percent [+]
Unemployment Rate 4.60 4.2 4.3 4.4 4.7 4.6 percent [+]
Inflation Rate 3.40 6.1 6.3 3.7 5.4 2.89 percent [+]
Interest Rate 7.00 7 6.5 6.5 6 6 percent [+]
Balance of Trade -645.00 -792 -620 -620 -682 -650 USD Million [+]
Government Debt to GDP 76.00 79 78 78 78 69 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 148.50 149 151 152 154 177 [+]
Stock Market 6324.10 6280 6220 6160 6090 5080 points [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 2.60 5 4.9 5.2 5.3 6 percent [+]
GDP Annual Growth Rate 2.60 5 4.9 5.2 5.3 5.2 percent [+]
GDP 82.32 86.26 86.98 87.71 88.43 94.61 USD Billion [+]
GDP Constant Prices 2130240.00 2450000 2480000 2520000 2550000 3140000 LKR Million [+]
Gross National Product 10408629.00 10100000 10400000 10600000 10900000 15400000 LKR Million [+]
Gross Fixed Capital Formation 2929107.00 3021282 3048647 3076013 3103378 3436356 LKR Million [+]
GDP per capita 3637.54 3825 3865 3906 3947 4429 USD [+]
GDP per capita PPP 11047.67 11621 11745 11869 11993 13469 USD [+]
GDP From Agriculture 160790.00 174666 196452 181749 182601 195141 LKR Million [+]
GDP From Construction 142133.00 166220 165082 153755 156523 175073 LKR Million [+]
GDP From Manufacturing 298886.00 312815 389397 303538 380547 309696 LKR Million [+]
GDP From Mining 47400.00 52224 50916 49059 51603 51150 LKR Million [+]
Gdp From Public Administration 195902.00 209950 178583 196890 183926 203907 LKR Million [+]
GDP From Services 1293078.00 1292304 1250940 1291557 1251673 1287028 LKR Million [+]
GDP From Transport 210231.00 232933 214363 214034 214064 214219 LKR Million [+]
GDP From Utilities 22694.00 23334 23682 23982 24281 27478 LKR Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 4.60 4.2 4.3 4.4 4.7 4.6 percent [+]
Employed Persons 7815280.00 8396322 8288884 8155573 8217657 8639565 [+]
Unemployed Persons 377987.00 363913 361330 360655 359377 356720 [+]
Labor Force Participation Rate 53.30 53.45 53.61 53.53 53.52 53.52 percent [+]
Wages 8839.35 9756 10026 10296 10566 11566 LKR/Month [+]
Population 20.96 21.06 21.08 21.11 21.14 21.54 Million [+]
Employment Rate 95.40 95.26 94.96 95.16 95 95.05 percent [+]
Living Wage Family 97900.00 89750 89750 89750 89750 89750 LKR/Month [+]
Living Wage Individual 30900.00 28400 28400 28400 28400 28400 LKR/Month [+]
Wages High Skilled 51400.00 50172 50173 50172 50172 50172 LKR/Month [+]
Wages Low Skilled 25000.00 25000 25000 25000 25000 25000 LKR/Month [+]
Youth Unemployment Rate 21.20 20 19.99 19.99 19.99 19.99 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 3.40 6.1 6.3 3.7 5.4 2.89 percent [+]
Consumer Price Index CPI 190.90 192 192 194 195 210 Index Points [+]
Core Consumer Prices 190.00 191 193 195 197 223 Index Points [+]
Core Inflation Rate 5.10 4.92 4.94 4.91 4.93 4.92 percent [+]
GDP Deflator 129.70 137 138 139 139 139 Index Points [+]
Producer Prices 5072.70 5304 5333 5361 5390 5730 Index Points [+]
Export Prices 121.50 116 117 123 121 120 Index Points [+]
Import Prices 120.40 119 119 119 119 119 Index Points [+]
Cpi Transportation 189.70 190 190 190 190 190 Index Points [+]
Food Inflation 2.90 1.53 1.66 1.72 1.7 1.7 percent [+]
Inflation Rate Mom 0.60 0.56 0.55 0.54 0.55 0.55 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 7.00 7 6.5 6.5 6 6 percent [+]
Interbank Rate 10.92 10.99 10.96 10.96 10.96 10.96 percent [+]
Money Supply M0 517605.00 540471 557729 575539 593918 893771 LKR Million [+]
Money Supply M1 714183.00 754528 778063 802219 827029 1222526 LKR Million [+]
Money Supply M2 4434839.00 4597726 4754378 4917514 5090150 8047429 LKR Million [+]
Foreign Exchange Reserves 960937.90 998217 1001095 1001448 1001506 1001515 LKR Million [+]
Banks Balance Sheet 6139494.00 6476231 6704685 6942238 7189135 11392756 LKR Million [+]
Deposit Interest Rate 6.00 6.43 6.65 6.86 7.07 7.51 percent [+]
Cash Reserve Ratio 7.50 7.5 7.5 7.5 7.5 7.5 percent [+]
Central Bank Balance Sheet 1563848.50 1547175 1555289 1553303 1553945 1553806 LKR Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -645.00 -792 -620 -620 -682 -650 USD Million [+]
Exports 898.00 888 886 887 887 887 USD Million [+]
Imports 1543.00 1536 1559 1565 1563 1562 USD Million [+]
Current Account -713.00 -90008 -70243 -67315 -72907 -74270 USD Million [+]
Current Account to GDP -2.40 -2 -2 -2 -3.51 -3.5 percent [+]
External Debt 3671100.00 3832866 3897543 3961585 4025292 4826591 LKR Million [+]
Terms of Trade 100.90 102 102 102 102 102 Index Points [+]
Tourist Arrivals 167217.00 14 7.3 12 7 164793 [+]
Gold Reserves 22.27 22.23 22.2 22.2 22.24 22.25 Tonnes [+]
Foreign Direct Investment 112.00 255 105 114 116 174 USD Million [+]
Remittances 577.88 648 648 648 593 748 USD Million [+]
Terrorism Index 3.49 3.64 3.8 3.95 4.11 6.01 [+]
Tourism Revenues 249.31 236 225 213 200 38.57 USD Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 76.00 79 78 78 78 69 percent [+]
Government Budget -7.40 -8.2 -7.8 -7.8 -7.48 -6.5 percent of GDP [+]
Government Budget Value -829502.00 -958294 -983283 -1008272 -1033260 -1320621 LKR Million [+]
Government Spending 985815.00 1014782 1018811 1022840 1026869 1029687 LKR Million [+]
Fiscal Expenditure 2290394.00 2439697 2618054 2687487 2756919 3692898 LKR Million [+]
Government Debt 9062212.00 9597426 9861517 10123293 10382774 13556041 LKR Million [+]
Government Revenues 1460892.00 1509184 1590198 1621688 1653178 2090496 LKR Million [+]
Military Expenditure 1860.90 1929 1888 1847 1844 1833 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Industrial Production -8.10 3.8 4.5 5.7 -2.03 -3.62 percent [+]
Capacity Utilization 81.00 68.99 72 75.01 78.03 79.96 percent [+]
Changes in Inventories 432440.00 575092 567518 559944 552370 550154 LKR Million [+]
Car Registrations 2937.00 2732 2912 2842 2824 2836 Cars [+]
Business Confidence 86.00 94.2 114 122 113 113 [+]
Corruption Index 37.00 36.39 36.28 36.17 36.06 35.28 Points [+]
Corruption Rank 83.00 78.1 77.62 77.15 76.68 72.42 [+]
Competitiveness Index 4.19 4.2 4.2 4.2 4.2 4.2 Points [+]
Competitiveness Rank 71.00 75.04 75.04 69.59 67.78 68.59 [+]
Ease of Doing Business 110.00 103 103 104 104 99.54 [+]
Manufacturing Pmi 56.50 52 55.07 54.96 54.91 54.86 [+]
Services Pmi 59.30 57.74 58.56 58.91 58.95 58.74 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Spending 7666365.00 7733610 7775961 7818312 7860664 8315164 LKR Million [+]
Personal Savings 22.60 20.63 20.78 20.93 21.08 22.12 percent [+]
Private Sector Credit 3883219.00 4035178 4154060 4271627 4388339 5850213 LKR Million [+]
Bank Lending Rate 12.12 8.2 8.3 8.3 12.13 9.5 percent [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Housing Index 3411.00 3551 3517 3562 3793 3646 [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 15.00 15 15 15 15 15 percent [+]
Personal Income Tax Rate 15.00 15 15 15 15 15 percent [+]
Sales Tax Rate 11.00 15 15 15 11 15 percent [+]
Social Security Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate For Companies 12.00 12 12 12 12 12 percent [+]
Social Security Rate For Employees 8.00 8 8 8 8 8 percent [+]





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. 12/10/2016