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Sri Lanka: Recent Economic Developments

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2001. "Sri Lanka: Recent Economic Developments," IMF Staff Country Reports 2001/070, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2001/070
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    Cited by:

    1. Beers, David & de Leon-Manlagnit, Patrisha, 2019. "The BoC-BoE sovereign default database: what’s new in 2019?," Bank of England working papers 829, Bank of England.

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