IMF Staff Country Reports

Sri Lanka: Recent Economic Developments

May 15, 2001

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Sri Lanka: Recent Economic Developments, (USA: International Monetary Fund, 2001) accessed September 19, 2024

Summary

After weakening in 1999, GDP growth has increased strongly in 2000, led by exports. The savings-investment gap has increased from 1¾ percent of GDP in 1998 to 3¼ percent of GDP in 1999, widening further to 7 percent of GDP in 2000. Agriculture has grown by 4½ percent in 1999, registering a broadly similar growth rate as manufacturing for the first time in many years. In contrast, agricultural output performance was mixed during 2000. Manufacturing has slowed to only 4½ percent in 1999, significantly below the average growth of nearly 8 percent recorded in 1997 and 1998.

Subject: Banking, Commercial banks, Expenditure, Financial institutions, Foreign banks, Imports, International trade, Revenue administration

Keywords: Balance of payments, Capital expenditure, Central bank, Commercial banks, CR, East Asia, Exchange rate, Foreign banks, Imports, ISCR, Middle East, Monetary policy, Private sector, Reverse repo, U.S. dollar

Publication Details

  • Pages:

    99

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2001/070

  • Stock No:

    1LKAEA0012001

  • ISBN:

    9781451823400

  • ISSN:

    1934-7685