The Gross Domestic Product (GDP) in Sri Lanka is estimated to be $419 billion dollars by the end of 2024 by World Economics - 45% larger than official estimates. The official estimate for Sri Lanka's GDP published by the World Bank was $289 billion at the end of 2023 inpuchasing power...
Sri Lanka: Trade openness: exports plus imports as percent of GDP: The latest value from 2023 is 42.28 percent, a decline from 46.68 percent in 2022. In comparison, the world average is 94.79 percent, based on data from 138 countries. Historically, the a
ECONOMYNEXT – Sri Lanka’s worker remittances hit the highest in six years as more people sent foreign currency from abroad with a record number from the labour force leaving the country, official data showed. The 2024 full year remittances rose 10.1 percent to $6.57 billion, from nearly $6...
US$88 billion GDP 50% Internet penetration 39% Population below 26 years old On 30 January 2023, Daraz Sri Lanka and Sri Lanka Association for Software Services Companies (SLASSCOM) released the first in-depth study on the adoption and use of e-commerce in Sri Lanka during difficult economic...
Apparel is Sri Lanka’s largest industrial export and earned $5.95 billion in 2022, helping the country as it weathered its worst financial crisis since independence in 1948, triggered by a record reduction in foreign exchange reserves. But the industry’s first-quarter performance in 2023 has ...
Presenting his policy statement, Wickremesinghe said that despite the 1.9 percent gross domestic product (GDP) deficit in 2022, Sri Lanka achieved a surplus by the end of 2023, marking the first such occurrence since 1977.■ Sri Lankan President Ranil Wickremesinghe (L) arrives at the parliame...
SRI LANKA: $2.6-BILLION LOAN DEAL IN PERIL IF OPPOSITION WINSFeizal Samath
In March 2023, the IMF approved a 48-month extended arrangement under the EFF of about 3 billion dollars to support Sri Lanka's economic policies and reforms.■
This paper examines the corporate governance mechanisms in Sri Lanka, a country that only a little more than a decade ago emerged from a 30-year long civil
GDP Per Capita, PPP $14,455 GDP $84.4 billion Population 22,037,000 Area 65,610 SQ.KM Referred to as the teardrop of India, Sri Lanka sits just off the southeast coast in the Indian Ocean. Scars of a bitter civil war are fading, and an island nation rich with resources and ripe ...