AEIR 2019/2020

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 5.0 (Sep20)5.0 5.0
Broad Money Growth 2 16.7 (Aug20)16.7 15.2
Headline Inflation Rate 3 6.3 (Aug20)6.1 3.4
Industrial/ Manufacturing Production Growth Rate 3 2.3 (Jul20)-13.7 2.3
Merchandise Export Growth 3 8.7 (Jul20)8.7 -17.5
Exchange Rate Index 4 181.2 (Sep20)181.2 177.1
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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