Sri Lanka: Recent Economic Developments

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.
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Volume/Issue: Volume 2001 Issue 070
Publication date: May 2001
ISBN: 9781451823400
$20.00
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Topics covered in this book

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Business and Economics , Banks and Banking , Exports and Imports , Public Finance , ISCR , CR , exchange rate , central bank , U , S , dollar , reverse repo , capital expenditure , private sector , monetary policy , balance of payments , Imports , Commercial banks , Foreign banks , East Asia , Middle East

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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.

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