Sri Lanka: Economic Snapshot 2018
18 May 2018
The country benefits from its strategic geographic position along a critical Indian Ocean trade route, strong base of industrial and cash crop exports, and rapidly expanding non-agricultural economy. High levels of public expenditure and rapid industrial expansion supported recent robust macroeconomic growth, averaging more than 6% between 2008 and 2014, as the country embarked on a period of post-war reconstruction. In recent years, value-added textiles have joined tea, rubber and spices to become a major export earner, while foreign direct investment inflows hit record highs in 2017.
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