Asia Regional Integration Center
Tracking Asian Integration
GDP growth slowed to an estimated 2.6% in 2019 from 3.2% in 2018. Following the resolution of a political impasse near the end of 2018, growth rebounded only to be disrupted by the Easter Sunday terror attacks. Growth in agriculture fell to 1.7%, industry recovered to 2.6% growth, while growth in services slowed to 2.9%. On the demand side, net exports made the largest contribution to GDP growth as imports fell. After 2 years of contraction, consumption grew 2.1%. Inflation averaged 4.3% in 2019. The impact of the COVID-19 pandemic will limit GDP growth to 2.2% in 2020, with an expected recovery to 3.5% in 2021.
Source: Asian Development Outlook 2020, ADB
Latest | Month-Ago | Year-Ago | |
---|---|---|---|
Composite Stock Price Index 1 | 7.0 (Feb21) | 7.0 | 5.0 |
Broad Money Growth 2 | 22.8 (Jan21) | 22.8 | 22.9 |
Headline Inflation Rate 3 | 3.7 (Jan21) | 4.6 | 7.6 |
Industrial/ Manufacturing Production Growth Rate 3 | 2.0 (Dec20) | -1.7 | -0.5 |
Merchandise Export Growth 3 | -3.3 (Dec20) | -3.3 | -16.4 |
Exchange Rate Index 4 | 190.7 (Feb21) | 190.7 | 187.8 |
1 Monthly average, local index. 2 %. 3 y-o-y, %. 4 Monthly average, January 2006 = 100, $/local currency. | |||
Source: Bloomberg LP; CEIC database; Department of Census and Statistics; ; Central Bank of Sri Lanka. |
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