Inflation ( CCPI)1.3% (Sep 2023)
GDP-3.1% (2Q 2023)
Unemployment4.7% (1Q 2023)
3M T-Bill Rate17.42%
12M T-Bill Rate13.30%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,623 Mn (July 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

Global Indexes

FeaturedApr 26, 2023

China and India are accounting for more than half of global rice production

Rice is considered a vital part of nutrition in much of Asia, Latin America, Africa, and the Caribbean. Sri Lanka too has exported rice in the past but its current status is not so good as past. More than 30% of the total labor force is directly or indirectly involved in the rice sector.

In 2021 rice harvest failed, leading to a USD 1.2 Bn emergency food aid program, a USD 200 Mn income-support program, and “huge sums to import hundreds of thousands of tonnes of rice” - Doug Saunders (February 5, 2022)

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Jan 25, 2022

Crypto crash

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