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 | 6.0 (Dec20) | 6.0 | 6.0 |
Broad Money Growth 2 | 21.7 (Nov20) | 21.7 | 21.1 |
Headline Inflation Rate 3 | 5.2 (Nov20) | 5.5 | 4.1 |
Industrial/ Manufacturing Production Growth Rate 3 | -3.6 (Oct20) | 1.1 | 1.1 |
Merchandise Export Growth 3 | -13.2 (Oct20) | -13.2 | 4.9 |
Exchange Rate Index 4 | 183.3 (Dec20) | 181.1 | 177.5 |
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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