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Sri Lanka's economic turnaround braces for testing times amid Iran ...
EconomyIsland nation dubbed 'IMF's poster-child' is expected to navigate latest turmoilSri Lankan President Anura Kumara Dissanayake, center, is adhering to IMF recovery strictures agreed before he took office. © APMARWAAN MACAN-MARKARApril 14, 2026 14:03 JSTCOLOMBO -- On the eve of Sri Lanka celebrating its traditional new year this week, the country's left-leaning government rolled out a relief package to ensure poorer households in the island nation have a few crumbs of joy.
Sri Lanka's economy grew by 5 % in 2024: Central Bank
News Above: [Dr. P Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka presenting the Annual Economic Review 2024 to President Anura Kumara Dissanayake. Dr. N S Kumanayake, Secretary to the President; K.M.M. Siriwardana, Secretary to the Treasury; Ms. K.M.A.N. Daulagala, Senior Deputy Governor; Dr. C. Amarasekara, Assistant Governor; Dr. (Ms.) S. Jegajeevan, Director of Economic Research; Dr. L.R.C. Pathberiya and Dr. V.D. Wickramarachchi, Additional Directors of Economic Research were also present. Sri Lanka’s economy (GDP) grew by 5 per cent last year compared to a negative growth of -2.3 per cent in 2023, rounding up a strong economic recovery propelled by the IMF bailout package. The Central Bank, according to its annual review of 2024 – a publication which was handed over to President Anura Kumara Dissanayake on Monday as per the rules-, said the trade deficit (export and services income against import spending) rose to –US$6 billion in 2024, up from -$5 billion in 2023 while the US dollar weakened against the rupee to Rs.282.58 versus Rs.323.92 in 2023. The report said “The Sri Lankan economy continued to recover steadily in 2024, following its deepest economic downturn experienced two years ago. The road to recovery was difficult, but notably faster compared to most debt-distressed countries.” “Post-crisis reforms have started showing positive outcomes. Signs of improved economic activity, partial recovery in purchasing power, and reduced uncertainty are visible. Election-related uncertainties dissipated towards the latter part of 2024 as signs of the continuation of the reform programme and policy consistency were evident. This, along with the near-completion of external debt restructuring and the country’s exit from restricted default rating, has enhanced investor and stakeholder confidence.” “In terms of economic growth, Sri Lanka performed better than expected in 2024. Inflation eased and the country entered a period of deflation since September 2024 driven largely by energy price reductions. This resulted in a deviation of inflation from the target on the downside. Supported by low interest rates, credit to households and businesses expanded in 2024. Eased monetary conditions contributed to a faster recovery in domestic economic activity, partly regaining lost output during the pandemic and the economic crisis. Meanwhile, external sector performance remained strong during the year. A notable improvement in external buffers w...
Daily Price Report - Central Bank of Sri Lanka
Daily Price Report describes the day's price developments of selected key consumer items in key markets that have significant impact in determination of the general price levels of the respective consumer items. .
Central Bank of Sri Lanka
Statistics Department - Central Bank of Sri Lanka (Contact Tel : 0112477650)
