FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» FINANCE AND LEASING SECTOR
by SL-INVESTOR Today at 12:48 am

» HSENID BUSINESS SOLUTIONS PLC (HBS.N0000)
by ErangaDS Wed Jun 19, 2024 9:21 pm

» How will proposed Tax Reforms affect Sri Lankans in 2025
by Quibit Wed Jun 19, 2024 9:27 am

» Alibaba & 23 Thieves
by ChooBoy Wed Jun 19, 2024 12:23 am

» Falsified accounts and financial misrepresentation at Arpico Insurance PLC (AINS)
by ChooBoy Tue Jun 18, 2024 11:31 pm

» Impact of IMF reforms to Sri Lanka Economy
by D.G.Dayaratne Mon Jun 17, 2024 6:36 pm

» Richard Pieris Finance Ltd continue to endanger the Depositors with negative performance
by ddindika Mon Jun 17, 2024 3:17 pm

» Richard Pieris Group: Mismanaged?
by Biggy Sun Jun 16, 2024 10:02 am

» Richard Pieris Exports reports 97% decline in Net Profits
by Biggy Sat Jun 15, 2024 11:26 am

» Do your own Stock Market Research using AI Tools
by Quibit Fri Jun 14, 2024 10:50 am

» What will happen tomorrow?
by cheetah Thu Jun 13, 2024 12:07 pm

» Focus on Government controlled entities
by ErangaDS Mon Jun 10, 2024 4:15 pm

» Colombo Stock Market: Over Valued against USD!
by God Father Mon Jun 03, 2024 3:17 pm

» Financial Woes at Richard Pieris Group
by DeepFreakingValue Sat Jun 01, 2024 11:29 pm

» Report a Tax Evasion and Get Rewarded upto 15%
by God Father Fri May 31, 2024 11:51 am

» LankaGPT Platform Launched in Sri Lanka
by God Father Wed May 29, 2024 11:46 pm

» Sri Lanka’s Popularity Is Surging With Travelers. Here’s Where To Go
by ResearchMan Wed May 29, 2024 1:10 pm

» CDB Non voting
by buddikasmart Wed May 29, 2024 8:03 am

» Will share market be taxed after new Gazette
by D.G.Dayaratne Mon May 27, 2024 2:14 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by Ekanayake90 Mon May 27, 2024 7:29 am

» Seylan Bank did not pay final coupon of expired debentures
by Gaudente Wed May 22, 2024 2:32 pm

» Sri Lanka: Stock Market Fraudsters with Criminal Prosecutions
by agentnrox Wed May 22, 2024 1:50 pm

» Richard Pieris Exports PLC (REXP.N0000) future looks bleak!
by God Father Mon May 20, 2024 10:08 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

Sri Lanka key Economic Indicators and Future Outlook for 2024

Go down  Message [Page 1 of 1]

God Father

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Sri Lanka key Economic Indicators and Future Outlook for 2024 Scree464

Get updated on Sri Lanka’s latest economic indicators and future outlook via Artificial Intelligence. Ask any question relating to economy of Sri Lanka and get instant answers based on latest information. www.lankabizz.net

The latest economic outlook for Sri Lanka, as of May 2024, indicates a challenging economic environment. The country has been grappling with a severe economic crisis, characterized by high government debt, inflationary pressures, and a balance of payments crisis. Here are some key points from the most recent data and projections:

GDP Growth: The GDP Annual Growth Rate was reported at 4.5 percent in December 2023, showing some signs of economic activity picking up.

Inflation: The Inflation Rate was at 1.5 percent in April 2024, which is relatively low compared to the previous year, suggesting some stabilization in consumer prices.

Interest Rates: The Central Bank of Sri Lanka maintained the Interest Rate at 8.5 percent as of April 2024, which is relatively high, aimed at curbing inflation and stabilizing the currency.

Government Debt: The Government Debt to GDP ratio was last recorded at 113.80 percent in 2022, with projections indicating it could reach 165 percent of GDP in the near future, reflecting a significant debt burden.

Current Account: The Current Account to GDP was at -1.9 percent in 2022, indicating a deficit that could pose challenges in terms of external financing.
Trade Balance: The Balance of Trade was at a deficit of -369 USD Million in March 2024, with projections suggesting further widening of the trade deficit.

Currency: The Sri Lankan Rupee (LKR) has been under pressure, trading around 299 LKR per USD in May 2024, with forecasts predicting further depreciation.

Stock Market: The Colombo Stock Exchange index was at 12320 points in May 2024, with future projections indicating potential volatility.

External Debt: Sri Lanka has been facing difficulties in servicing its external debt, leading to downgrades in its sovereign credit ratings in 2022.

IMF-EFF Programme: The outlook is conditional on the continuation of the IMF-EFF programme and the successful completion of the debt restructuring process.
Reforms: The government is expected to continue its fiscal consolidation efforts and reforms to ensure a transition towards a sustainable economic path.

The overall outlook for Sri Lanka’s economy remains contingent on the successful implementation of economic reforms, debt restructuring, and the ability to attract foreign investment and tourism revenues. The country’s economic recovery is also influenced by the global economic environment, particularly the performance of key trading partners and international financial markets.

Example Questions and AI Responses

What Latest GDP Per Capita?
As of December 2023, the GDP per capita of Sri Lanka was reported to be 3,988.08 USD. This figure is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. It represents a decrease from the previous year’s figure of 4,331.47 USD in December 2022.
What is the Inflation Rate YoY?
The Inflation Rate Year-on-Year (YoY) for Sri Lanka decelerated sharply to 0.9% in March 2024 from 5.9% in February 2024. This deceleration in the headline inflation is broadly in line with the projections of the Central Bank of Sri Lanka (CBSL).

Latest Government Debt to GDP?
According to the data available, Sri Lanka recorded a Government Debt to GDP of 113.80 percent of the country’s Gross Domestic Product in 2022. Government Debt to GDP in Sri Lanka is expected to reach 148.00 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts’ expectations. In the long-term, the Sri Lanka Government Debt to GDP is projected to trend around 165.00 percent of GDP in 2024 and 157.00 percent of GDP in 2025, according to econometric models.

Sri Lanka Exports by country?
The data indicates that for the year 2023, the top countries to which Sri Lanka exported goods are as follows:
United States: $2.79 billion
United Kingdom: $861.11 million
India: $860.79 million

These figures are based on the United Nations COMTRADE database on international trade. The United States remains the largest export destination for Sri Lankan goods, followed by the United Kingdom and India. This information is crucial for businesses and investors as it highlights the primary markets for Sri Lankan products and can influence decisions on trade policies, market focus, and investment strategies.

Latest Manufacturing PMI?
The latest Manufacturing Purchasing Managers’ Index (PMI) for Sri Lanka was reported at 56.70 points in April 2024. This figure indicates an expansion in the manufacturing sector compared to the previous month, as a PMI reading above 50 signifies an expansion, while below 50 indicates a contraction. The PMI is a significant economic indicator that provides insights into the manufacturing sector’s performance, reflecting changes in new orders, output, employment, suppliers’ delivery times, and stock of items purchased.

This Analysis was compiled by LankaBIZ (AI Assistant) based on publicly available information. Click below link to Chat with LankaBIZ AI to find answers to queries relating Sri Lanka economy, Business regulations, Corporate Analysis & Stock Market Research.

www.lankabizz.net

Share this post on: reddit

No Comment.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum