Sri Lanka: Recent Economic Developments

May 15, 2001

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Sri Lanka: Recent Economic Developments, (USA: International Monetary Fund, 2001) accessed November 29, 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:

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DOI:

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Issue:

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Series:

Country Report No. 2001/070
Stock No:

1LKAEA0012001
ISBN:

9781451823400
ISSN:

1934-7685

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