Sri Lanka

Trade deficit contracts in first 11 months of 2019

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During the first eleven months of 2019, the trade deficit contracted compared to the corresponding period in 2018, as a result of the significant decline in expenditure on imports along with a marginal increase in earnings from exports.Although tourist arrivals decreased on a year-on-year basis in November 2019, a continued recovery is seen in the tourism industry.

Workers& remittances declined (year-on-year) in November 2019and have recorded a cumulative decline during the first eleven months of 2019.




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Category: Srilanka


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