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The mixed economy of Sri Lanka was worth $84 billion by nominal gross domestic product (GDP) in 2019 [32] and $296.959 billion by purchasing power parity (PPP). [33] The country had experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers.
Sri Lanka’s economy is projected to see moderate growth of 2.2% in 2024, showing signs of stabilization, following the severe economic downturn of 2022. But, the country still faces elevated poverty levels, income inequality, and labor market concerns, says the World Bank's latest bi-annual update.
ADB supports Sri Lanka’s reform efforts to address the root causes of the economic crisis with an emphasis on protecting poor and vulnerable people.
Tematy dnia
10 paź 2024 · Sri Lanka's recent economic stabilization, marked by four quarters of growth and a current account surplus in 2023, is a significant milestone. At this moment, Sri Lanka has a real opportunity to realize its export potential, which we estimate at $10 billion annually.
10 paź 2024 · Recent economic developments. The economy grew by 5 percent in the first quarter of 2024, driven by a rebound in the industrial sector – particularly in construction and food and beverage manufacturing – as well as strong performance in tourism-related services.
1. Economic Performance and Outlook. Snapshot of the Sri Lankan Economy. 2. National Output, Expenditure and Employment. 3. Economic and Social Infrastructure. 4. Prices and Wages.
The Sri Lankan economy rebounded strongly from the COVID-19 pandemic in 2020 and grew by 8.0% in the first half of 2021. The report analyses the sectoral developments, inflation, external sector, and policy measures to sustain the growth momentum and enhance resilience.
