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Sri Lanka

Sri Lanka

Sri Lanka is amongst the world’s fastest growing emerging economies with strong long term growth potential. GDP per capita is forecast to reach USD 4,000 by 2016.

Largely resilient to global recessionary pressures while post-war environment provides a steady foundation for stable economic growth and investment.

2013 GDP grew by 7.3% led by strong growth in the Industry and Services sectors and a recovery in the Agriculture sector.

GDP growth forecast is at 7.0%+ for 2014-2017 and is expected to be driven by strong performances in the construction, manufacturing, transportation, trading and financial sectors.

2013 fiscal deficit declined to 5.9% of GDP from 6.4% in 2012 and is forecast to decline to 5.8% of GDP in 2014 and falling to 4.5% in 2015.

Inflation and interest rates are expected to remain soft although a moderate pick up is expected over the next few years.

Tourist arrivals are expected to reach 2.5 million by 2016.