Sri Lanka: Recent Economic Developments

International Monetary Fund

No 2001/070, IMF Staff Country Reports from 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.

Keywords: 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 (search for similar items in EconPapers)
Pages: 99
Date: 2001-05-15
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