COLOMBO, April 30 (Xinhua) -- Sri Lanka's real gross domestic product (GDP) growth for 2022 is projected at 1 percent, according to the latest report released by the central bank. The country's economic growth was 3.7 percent in 2021 and per capita GDP was 3,815 U.S. dollars, which...
Insisting that the NES was an important element in strengthening the economic growth of Sri Lanka, the Prime Minister noted that government officials would meet exporters every six months to discuss and monitor the implementation progress. "These are the policies we are following to ensure that the...
In the world of global trade, Sri Lanka is known for its resilience and strategic navigation through economic challenges. As the 76th largest economy by GDP in 2022, this island nation has a complex relationship between its economic position and its engagement in internationa...
ECONOMYNEXT – Despite an ongoing economic crisis Sri Lanka Investments Promotion agency, Board of Investments said one billion US dollars in realized investments are expected in the year, with first six months running slightly ahead of target, an official said. “During the first half the target...
"China's fund aims to support Sri Lanka's economic development, not to make people fall into a debt trap. Funds are what developing countries lack most, and we are giving help in need. Infrastructure projects have played a role in promoting its economic growth," said Bai. ...
Economic Recovery and Growth Sri Lanka's economy has demonstrated a robust recovery from the severe foreign exchange crisis of 2022. The nation achieved a 5% GDP growth in 2024, marking the highest in seven years. This resurgence is attributed to comprehensive debt restructuring and ...
Sri Lanka is expecting to growth 5 percent in 2025 and has to be build a strong economy to be able to repay debt from 2028, he said. The budget will attempt to given economic rights and reduce regional disparities. The budget aims to boost output in agriculture and industry. ...
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Sri Lanka: Unemployment rate forecast: The latest value from 2022 is 5.25 percent, an increase from 5.1 percent in 2021. In comparison, the world average is 7.17 percent, based on data from 106 countries. Historically, the average for Sri Lanka from 1990
Sri Lanka’s exports have surged past $1.3 billion in January 2025, marking a strong and promising start to the year! This remarkable growth reflects the resilience, innovation, and competitiveness of Sri Lankan industries, paving the way for sustained economic success. Read More 2025-01-27 Sr...