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%
USD/LKR322/323
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,623 Mn (July 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

Travel & Tourism

FeaturedSep 9, 2023

Tourism inflow fell in August but up for the year by 46%

Tourism is one of the key FX inflow drivers to the Sri Lanka economy. Pre-Easter attack era in 2018, tourism generated close to USD 4.4Bn annually. After the easter attack, it fell to USD 3.6Bn and it went to the lowest level of just USD 700Mn in COVID hit 2020.

Recovery was delayed due to the economic crisis, where it generated only USD 400mn in 2021 and USD 1.3Bn in 2022. Tourism has brought USD 1.3Bn in the first eight months of 2023, which is a 46% growth from last year’s same period.

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