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Sri Lanka news, Sri Lanka economy, Sri Lanka rupee from EconomyNext.
Sri Lanka conducting public awareness drive as AI-cybercrime against women rises: Minister In 2025, 4,742 cases were reported, with 572 cases resolved, and 4,170 cases still pending investigation or prosecution.
Economy of Sri Lanka - Wikipedia
Economy of Sri LankaColombo, the financial centre of Sri LankaCurrencySri Lankan rupee (LKR, Rs)Fiscal yearCalendar yearTrade organisationsWTO, WCO, SAFTA, IOR-ARC, BIMSTEC, AIIBCountry group Developing/Emerging[1] Upper-middle income economy[2] StatisticsPopulation 21,756,000 (2025)[3]GDP $108.8 billion (nominal, 2025)[4] $342.6 billion (PPP, 2024)[5] GDP rank 71st (nominal, 2024) 62nd (PPP, 2024) GDP growth 5.0% (FY2024)[6][5] 5.0% (FY2025)[7] 4.8% (4Q 2025)[8] GDP per capita $5,003 (nominal, 2025)[4] $15,632 (PPP, 2024)[9] GDP per capita rank 120th (nominal, 2024) 111th (PPP, 2024) GDP by sector Agriculture: 7.5% Industry: 26.7% Services: 59.2% (2024)[6]Inflation (CPI) 1.60% (February 2026)[10]Population below poverty line12% lived on less than $4.20/day (2019)[11] 53% lived on less than $8.30/day (2019)[12]Human Development Index 0.776 high (2023)[13] 89th 0.630 medium (IHDI) Corruption Perceptions Index 35 out of 100 points (2025, 107th rank)Labour force 8.554 million (2025 est)[4] 49.4% participation rate (2025 est)[4] Labour force by occupation agriculture: 26.4% industry: 25.4% services: 48.3% (2024-3Q)[14] Unemployment 4.7% (2023) 4.4% (2024) 3.9% (2025)[4] Main industriestextiles & clothing, tourism, telecommunications, information technology services, banking, shipping, petroleum refining, construction and processing of tea, rubber, coconuts, tobacco and other agricultural commoditiesExternalExports $17.2 billion (2025)[15] Export goodstextiles and apparel, tea and spices, IT services, rubber manufactures, Electrical and Electronic Equipment, Fish, Seafood and Aquatic Products, Gems and Jewellery, Processed food and fruitsMain export partners USA 25.29% UK 9.18% India 6.09% Germany 5.75% Italy 5.35% (2020)[16] Imports $21.480 billion (2025)[4]Import goodsMineral fuels including petroleum product (12.3%)Machinery including computers (9%)Electrical machinery, equipment Vehicles (7.1%)Textile fabric (5%)Plastics (3.7%)Cotton (3.3%)Heavy metals (3%)Ships and boats (2.8%)Iron, steel, aluminium (2.8%)Main import partners China 22.96% India 19.30% UAE 5.57% Malaysia 4.08% Singapore 3.96% (2020)[16] FDI stock US$13.05 Billion (2019)[17] Abroad: NA[18] Current account $1.719 Billion (2025)[4] +1.6% of GDP[4] Gross external debt $37.6 Billion (34.6% of GDP) (2025)[4]Public financesGovernment debt $99.6 Billion (91.6% of GDP)(2025)[4]Foreign reserves $7.2 billion (February 2026)[19] Budget balance− 5.1% (of GDP) (2026)[20]RevenuesRs 5,305 Billion (2026 est...
Unlocking Sri Lanka's economic success: Harnessing the power of ...
The future of Sri Lanka's economy depends on strategic reforms that prioritise knowledge-based industries, governance improvements, and long-term economic resilience. Learning from global success stories and implementing data-driven policies will be crucial in transforming the nation's economic landscape.
Sri Lanka's economy grew by 5 % in 2024: Central Bank
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.
