Sri Lanka: Economy

Growth slowed in 2016 with a marked fall in agricultural production, but a pickup in construction and investment helped to sustain growth. Inflation was highly variable over the year but moderated in general, as was the current account deficit. The outlook is for modest recovery in growth as the government implements an economic program of fiscal reform to tackle persistent macroeconomic imbalances and a large public debt. Read more from Asian Development Outlook 2017


Economic forecasts for South Asian countries

Country 2017 2018
Afghanistan 2.5 3.0
Bangladesh 6.9 6.9
Bhutan 8.2 9.9
India 7.4 7.6
Maldives 3.8 4.1
Nepal 5.6 5.4
Pakistan 5.2 5.5
Sri Lanka 5.0 5.0
Average 7.0 7.2
Country 2017 2018
Afghanistan 5.5 5.8
Bangladesh 6.1 6.3
Bhutan 4.9 5.4
India 5.2 5.4
Maldives 2.1 2.3
Nepal 6.0 6.5
Pakistan 4.0 4.8
Sri Lanka 6.0 6.0
Average 5.2 5.4
Country 2017 2018
Afghanistan 1.4 -0.2
Bangladesh -1.0 -0.7
Bhutan -27.4 -22.8
India -1.3 -1.5
Maldives -18.9 -19.1
Nepal -1.6 -3.2
Pakistan -2.1 -2.5
Sri Lanka -2.2 -2.2
Average -1.4 -1.6

Source: Asian Development Outlook 2017

 

 
This page was generated from https://www.adb.org/countries/sri-lanka/economy on 29 May 2017