Cover of The Report: Sri Lanka 2018

The Report: Sri Lanka 2018

As the government continues its expansive reform agenda with Vision 2025, Sri Lanka’s economy is expected to record moderate improvements in 2018.

Sri Lanka 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 and expansion. However, GDP growth has moderated, with unsustainably high public debt and climate change weighing on the economy in 2016 and 2017. 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.

OBG & Sri Lanka

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