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FINANCIAL CHRONICLE

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Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka
CONTRIBUTE
ANNUAL GDP GROWTH RATE
GOVERNMENT DEBT
Government Debt in Sri Lanka increased to 12874786 LKR Million in the third quarter of 2019 from 12599843 LKR Million in the second quarter of 2019. Government Debt in Sri Lanka is expected to be 13421246.00 LKR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Debt in Sri Lanka to stand at 14235609.00 in 12 months time. In the long-term, the Sri Lanka Government Debt is projected to trend around 15592881.00 LKR Million in 2021 and 16410260.00 LKR Million in 2022, according to our econometric models.
BALANCE OF TRADE
PRIME LENDING RATES
Bank Lending Rate in Sri Lanka decreased to 9.68 percent in January from 9.74 percent in December of 2019. Bank Lending Rate in Sri Lanka is expected to be 9.68 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in Sri Lanka to stand at 9.43 in 12 months time. In the long-term, the Sri Lanka Prime Lending Rate is projected to trend around 9.43 percent in 2021, according to our econometric models.Read & Comment
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EXPORTS
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TOURIST ARRIVALS
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RUBBER PRICES
Natural rubber prices have been under pressure in March, trading around 160 PY/KG, on worries about sluggish growth in rubber demand in China, the largest rubber consumer, as a result of the coronavirus outbreak. On the supply side, a shortfall in rubber production in the peak harvest months of December and January following a fungal disease through plantations in Thailand, Indonesia and Malaysia drove prices to a six-month high of 181 PY/KG in February Read & Comment | SRI LANKA ECONOMY
GROSS DOMESTIC PRODUCT (GDP)
The Gross Domestic Product (GDP) in Sri Lanka was worth 91 billion US dollars in 2019, according to official data from the Central Bank. The GDP value of Sri Lanka represents 0.08 percent of the world economy. Sri Lanka GDP - values, historical data and charts - was last updated on March of 2020. GDP in Sri Lanka is expected to reach 95.00 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka GDP is projected to trend around 98.00 USD Billion in 2021 and 101.00 USD Billion in 2022, according to our econometric models.
FOREGIEN EXCHANGE RESERVES
BENCHMARK INTEREST RATES
Sri Lanka's central bank slashed its benchmark interest rate by 25 bps to 6.25% at an emergency March meeting, in a bid to support economic activity following the rapid spread of the COVID-19 pandemic. The Central Bank also noted that is working closely with the government to ensure coordinated fiscal and monetary policy responses to mitigate the economic impact of the virus. The Standing Lending Facility Rate (SLFR) was also cut to 7.25%. Sri Lanka Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2020. Read & Comment
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COLOMBO STOCK MARKET
FOREIGN DIRECT INVESTMENTS
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FOREIGN REMITTANCES
In Sri Lanka, Remittances refers to inflows of migrants’ and short-term employee income transfers (personal remittances). Remittances in Sri Lanka decreased to 515.30 USD Million in November from 607 USD Million in October of 2019. Sri Lanka Remittances - values, historical data and charts - was last updated on March of 2020. Remittances in Sri Lanka is expected to be 620.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Remittances in Sri Lanka to stand at 750.00 in 12 months time. In the long-term, the Sri Lanka Remittances is projected to trend around 750.00 USD Million in 2021, according to our econometric models. Read & Comment
UNEMPLOYMENT RATE
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CRUDE OIL
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POLITICAL OUTLOOK OF SRI LANKA
GDP PER CAPITA INCOME
The Gross Domestic Product per capita in Sri Lanka was last recorded at 3936.50 US dollars in 2018. The GDP per Capita in Sri Lanka is equivalent to 31 percent of the world's average. Sri Lanka GDP per capita - values, historical data and charts - was last updated on March of 2020. GDP per capita in Sri Lanka is expected to reach 4250.00 USD by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka GDP per capita is projected to trend around 4358.00 USD in 2021 and 4497.00 USD in 2022, according to our econometric models.Read & Comment ![]()
INFLATION
The inflation rate in Sri Lanka was recorded at 6.20 percent in February of 2020. Sri Lanka Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2020. Inflation Rate in Sri Lanka is expected to be 6.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Sri Lanka to stand at 4.70 in 12 months time. In the long-term, the Sri Lanka Inflation Rate is projected to trend around 4.70 percent in 2021 and 6.00 percent in 2022, according to our econometric models. Read & Comment
EXCHANGE RATE MOVEMENT
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IMPORTS
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GOLD RESERVES
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TEA PRICES
Tea increased 0.75 USD/Kgs or 30.00% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Tea is expected to trade at 2.95 USD/Kgs by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2.19 in 12 months time. Read & Comment ![]()
CAR REGISTRATIONS
Car Registrations in Sri Lanka decreased to 2999 in November from 3499 in October of 2019. Car Registrations in Sri Lanka is expected to be 4500.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Car Registrations in Sri Lanka to stand at 5690.00 in 12 months time. In the long-term, the Sri Lanka Car Registrations is projected to trend around 5690.00 in 2021 and 6690.00 in 2022, according to our econometric models. Read & Comment
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